Sunday, January 24, 2021
Tags Chinese interest rates

Tag: Chinese interest rates

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

China Removes Restrictions on Credit Card Overdraft Rates for over 700 Million Card Holders

China's central bank has removed restrictions on the overdraft rates for credit cards, in a major shake up for the country's interest...

Loan Prime Rate Remains Unchanged for Eighth Consecutive Month in December

Chi­na’s loan prime rate (LPR) for December has re­mained un­changed for the eighth consecutive month.  The...

Loan Prime Rate Remains Unchanged for Seventh Consecutive Month in November

Chi­na’s loan prime rate (LPR) for November has re­mained un­changed for the seventh consecutive month.  The...

Chinese Commercial Banks Could Soon Determine Interest Rates Independently

Proposed changes to China's commercial banking law will allow lenders to independently determine the rates for deposits and loans.

Loan Prime Rate for September Remains Unchanged

Chi­na’s loan prime rate (LPR) for September has re­mained un­changed for the fifth straight month.  The...

94% of China’s Personal Home Loans Now Priced Based on Loan Prime Rate

The latest official data indicates that the benchmark Loan Prime Rate (LPR) currently serves as the basis for pricing of the vast...

Chinese Central Bank Releases White Paper on International Benchmark Interest Rate Reforms

The Chinese central bank has just released a white paper on efforts to reform international benchmark rates, signalling its commitment to a...

Interest Rate Cuts Behind Plunge in Chinese Banking Sector Profits: Central Bank Official

A senior official from the People's Bank of China (PBOC) has highlighted the impact of interest rates cuts as the key factor...

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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.