Thursday, October 29, 2020
Tags Chinese interest rates

Tag: Chinese interest rates

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...

Enterprise Loan Rates on Track to Further Decline: Chinese Central Bank

Senior officials from the Chinese central bank have flagged further reductions in the rates of interest for loans extended to businesses.

Maximum Rate for Private Loans in China Shifts from 36% to 4-Times Loan Prime Rate

China has launched measures to change the "lawfully protected threshold" for loans between private parties from 36% to a multiple of the...

August Loan Prime Rate Remains Unchanged for Fourth Consecutive Month

China's loan prime rate (LPR) for August has remained unchanged for the fourth straight month.

Chinese Central Bank Calls for Reduction in Real Cost of Lending, Hails Greater Use of LPR

The People's Bank of China (PBOC) has called to driving further reductions to interest rates for loans in order to drive financial...

Structured Deposit Balance Rises to Record High, Triggers Concern over Interest Rate Arbitrage

A rapid expansion in structured deposits to record high levels has caused concern amongst Chinese regulators over the potential for companies to...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...