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Thursday, November 26, 2020
Tags Chinese financial inclusion

Tag: Chinese financial inclusion

PBOC Expands Guarantee Scope for Open Market Instruments to Include Lower Grade Debt

The People's Bank of China (PBOC) plans to expand the scope of guarantees that will be accepted for medium-term lending facilities (MLF) as part...

Enterprise Financing Remains Expensive Despite Targeted Reserve Cuts by PBOC

Chinese enterprises say that targeted reductions in the required reserve ratios of banks launched last month have done little to reduce the cost or...

Loan Balance to China’s Small and Micro-Enterprises Rises to $5.03tn

Data from the China Banking and Insurance Regulatory Commission (CBIRC) indicates that the bank loan balance to small and micro-enterprises across China hit 31.76...

PBOC Reduces Reserve Ratio Requirement by 1 Percentage Point

The Chinese central bank will reduce the reserve requirement for a range of lenders by 1 percentage point starting from 25 April. The People's Bank...

CBRC Calls for Financial Inclusion Loan Growth to Outpace Other Credit

The China Banking Regulatory Commission is pushing for lenders to accelerate the growth of financial inclusion loans that target disadvantaged rural areas by providing...

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One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...