Wednesday, January 27, 2021
Tags Chinese credit

Tag: Chinese credit

2020 Full Year Renminbi New Lending to Approach USD$2.82 Trillion: Chinese Central Bank Governor

People's Bank of China (PBOC) chief Yi Gang (易纲) forecasts copious credit growth in 2020 following the economic impacts of the COVID-19...

New Renminbi Lending at 905.7 Billion Yuan in February, M2 Rises 8.8% YoY

The People's Bank of China (PBOC has just released its latest round of figures on China's monetary system in the month of...

Chinese Central Bank Plans to Launch Second Generation Personal Credit System in Late January

Sources from the People's Bank of China (PBOC) have indicated that it plans to launch its "second generation" personal credit system by...

Chinese Central Bank Revokes Business Filings for Wanda Credit, Three Other Credit Firms in Shanghai

The Shanghai branch of the People's Bank of China (PBOC) has announced the revocation of the credit business filings for four credit...

PBOC Report Highlights Accelerated Growth in Financial Inclusion Loans

A report from the Chinese central bank points to accelerated growth in financial inclusion loans.

Outstanding Total Social Financing up 10.7% YoY in August

The latest data from the Chinese central bank points to a more than 10% rise in outstanding total social financing for the...

Total Social Financing Increases 13.23T Yuan in H1 2019, up 3.18T Yuan YoY

The latest figures from the Chinese central bank point to a sizeable YoY rise in total social financing in the first half...

Beijing Plans to Downgrade Personal Credit Ratings for Eating and Drinking on Subway System

The municipal government of Beijing has unveiled plans to punish the credit ratings of citizens for improper behaviour on the metro system....

Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan

A new report from the Chinese central bank on the domestic payments points to an ongoing rise in per capita bank card...

Chinese Debt to Expand in 2019 Yet Shadow Banking Risk on the Wane: Morgan Stanley

US investment bank Morgan Stanley expects China's debt-to-GDP ratio to continue to rise in 2019, yet management of risk by the Chinese...

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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...