Wednesday, April 14, 2021
Tags Chinese credit

Tag: Chinese credit

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

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...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...