Saturday, January 23, 2021
Tags Chinese interbank certificates of deposit

Tag: Chinese interbank certificates of deposit

Interbank CD Rates Tumble 125 Basis Points since Start of 2020, Net Financing Down 700 Billion Yuan

China's interbank market has seen a sharp decline in the rates for certificates of deposit (CD) in the wake of COVID-19 pandemic...

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...

Ant Financial’s MYBank Slashes Interbank CD Issuance Plans, Shifts Focus to Retail Deposits

Online lender MYBank (网商银行) has flagged a sharp reduction in its issuance of interbank certificate of deposit (CD) this year, and increased...

Chinese Interbank CD Issuance Drops to Near Two Year Low in January

Chinese interbank certificates of deposit (CD's) have posted a plunge in both issuance volumes and rates in the first month of 2019.

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.