Thursday, April 15, 2021
Tags Chinese finance

Tag: Chinese finance

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...

CBIRC Orders Big State-owned Banks to Increase Financial Inclusion Small Business Loans by over 30% in 2021

The Chinese banking regulator has set ambitious new targets for growth in financial inclusion loans made by big state-owned lenders to small...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

PBOC’s Monetary Policy Committee Commits to Further Reductions in Real Interest Rates for Loans

The Chinese central bank has reiterated its commitment to reductions in borrowing costs for key areas of the real economy.

JD Technology’s IPO Application Terminated by Shanghai Stock Exchange

The Shanghai bourse has announced the termination of the application for an initial public offering (IPO) made by JD.com's fintech unit last...

Chinese Central Bank Flags Active Role in Guiding Lenders to Support Real Economy

The Chinese central bank has flagged the ongoing application of active guidance to ensure that domestic lenders channel more funds to desired...

China’s Publicly Offered Funds See Profits Surge Nearly 70% to Hit Record High in 2020 Despite COVID-19

Chinese investment funds posted a record-breaking performance in 2020 despite the adverse impacts of the COVID-19 pandemic on the global economy.

CBIRC Calls for Chinese Banks to Further Expand Small Business Loans, Reduce Financing Costs

The China Banking and Insurance Regulatory Commission (CBIRC) is pushing for the domestic finance sector to further expand lending to micro-and-small enterprises...

Beijing Calls for Reductions in Payments Costs, Accelerated Use of Digital Renminbi to Drive New Forms of Consumption

The Chinese central government has outlined a range of financial measures to help expedite new forms of consumption in the wake of...

Sina Withdraws from Nasdaq, Converts into Financial Holding Company

Online media giant Sina has announced its withdrawal from the US capital market and its full conversion into a financial holding company...

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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...