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Thursday, November 26, 2020
Tags Chinese financial inclusion

Tag: Chinese financial inclusion

Over 270 Billion Yuan in Micro-and-Small Enterprise Bonds Issued in 2020, Application Requirements Expected to Be Reduced

China is expected to step up issuance of micro-and-small enterprise financing bonds as part of broader ambitions to improve financial inclusion.

Beijing Pushes for Reduction in Comprehensive Financing Costs of Chinese Enterprises

China's financial authorities have just issued a new directive calling for reductions in the financing costs for Chinese enterprises.

Small and Micro Loan Balance Rises 27.34% YoY, Beijing Expected to Step up Financial Inclusion after Two Meetings

The Chinese central government is expected to launch a raft of new policies to step up financial inclusion and channel more funds...

China Extends Financial Inclusion Tax Benefits to the End of 2023

China's Ministry of Finance (MOF) has announced the extension of tax benefits in relation to financial inclusion measures for another three years.

Beijing to Reduce Provision Coverage Ratio, Increase Prominence of Financial Inclusion During Bank Assessments

China's State Council has just launched two more measures to facilitate the flow of funds to Chinese small businesses, following the implementation...

CBIRC Hopes to Drive Lending to China’s Small Businesses with New Assessment Measures for Banks

China's banking regulator hopes to increase lending to small businesses via the launch of a new set of assessment measures for commercial...

Financial Inclusion Loans Rise 10.1% in 2019 to Reach 36.9 Trillion Yuan

Data from the peak body for the Chinese banking sector points to a double digit rise in financial inclusion lending to micro...

100 Chinese Banks Sign up for MYbank’s “Non-contact” Micro-Loan Plan to Help Mitigate Coronavirus Impacts

More than 100 banks in China have signed up for a new fintech-driven plan to provide greater lending assistance to micro-enterprises around...

Baoshang Bank Takeover Continues to Hamper Interbank CD Issuance of China’s Smaller Lenders

The forcible acquisition of Inner Mongolia's beleaguered Baoshang Bank in May last year has had a heavy impact on the interbank certificate...

Beijing Launches New Measures to Bolster Financial Support for Private Enterprises

The Chinese central government has launched new measures to boost and diversify financing channels for private enterprise in China, with an especial...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...