Sunday, April 18, 2021
Tags Chinese financial inclusion

Tag: Chinese financial inclusion

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...

PBOC Extends Deferral of Repayments on Financial Inclusion Loans Until End of 2021, Provides Monetary Policy Support

The Chinese central bank has extended the deferrals for financial inclusion loans that were first introduced in 2020 as part of efforts...

Beijing Sets 30% Growth Target for Lending to Small and Medium-sized Enterprises in 2021, New SME Loans Forecast to Hit 1.45 Trillion Yuan

Beijing is pushing for strong growth in lending to small and medium-sized enterprises (SME's) in 2021 as part of broader efforts to...

Chinese Banks Issue 52 Billion Yuan in Financial Inclusion Bonds Since Start of 2021

Commercial banks in China have continued to issue special bonds to raise funds for lending to small businesses since the start of...

Shenzhen Stock Exchange Grabs Approval for Merger of Main and SME Boards

One of China's two stock exchanges has obtained approval for a merger of its boards as part of broader efforts to reform...

Li Keqiang Hopes to Drive Financial Inclusion in China with Unification of Movable Property Registration under Central Bank

Premier Li Keqiang hopes to give a boost to secured financing for smaller companies in China with the launch of new measures...

Financial Inclusion Small and Micro Loans Increase 3.02 Trillion Yuan in First Three Quarters of 2020

Financial inclusion micro-lending in China has seen a sharp increase since the start of 2020, with regulators pushing for credit expansion to...

Suning Finance Teams up with XWBank to Provide Digital Supply Chain Financing to Small Business

The finance vehicle of Chinese retail giant Suning has entered an agreement with a leading digital bank in China to provide digital...

Chinese Policy Bank ADBC Enters Cooperative Agreement with Alibaba’s Online Lender MYBank

Agricultural Development Bank of China (ADBC) and Alibaba-backed MYBank have launched what is reportedly the first comprehensive strategic partnership between a policy...

PBOC Unveils Plans for Financial Inclusion Trials at Cities in Jiangxi and Shandong Province

The Chinese central bank and a slew of other central government agencies have jointly unveiled plans for financial inclusion trials in three...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...