Monday, January 18, 2021
Tags Chinese factoring

Tag: Chinese factoring

Factoring Market in China Posts Negative Growth in 2019: CBA Report

A new report from the China Banking Association (CBA) highlights the ailing state of factoring operations by Chinese banks in 2019.

Factoring Companies Banned from Working with P2P Lenders

New regulations released by China's banking regulator place a range of restrictions on the operations of factoring enterprises, following concerns about their...

CBIRC Caps Leverage Multiple for Factoring Companies at Ten

China's banking regulator has issued a new directive putting a limit on the leverage multiple for factoring companies.

Beijing Targets Regulatory Arbitrage by Finance Lease Firms

The China Banking and Insurance Regulatory Commission (CBIRC) is heightening its scrutiny of pawnbroking, finance lease and factoring activities. CBIRC announced on 7 June that...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...