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Thursday, November 26, 2020
Tags Chinese interest rates

Tag: Chinese interest rates

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...

China’s One Year Loan Prime Rate Drops to 3.85%

China's loan prime rate (LPR) has just seen a decline following recent cuts to rates for one of the Chinese central bank's...

China Pushes for Alignment of Deposit Benchmark Rates and Market Rates

Beijing has signalled the launch of further efforts to free up interest rate regulation in the Chinese financial system.

Chinese State Media Declares Arrival of Low Interest Rate Era Following COVID-19 Outbreak

One of China's leading state-owned financial news publications says that the country has seen the start of a new low-interest rate era...

Digital Currency Can Help Chinese Central Bank Drive Interest Rates into Negative Territory During COVID-19 Pandemic

The founder of one of China's leading fintech associations has highlighted the ability of a statutory digital currency to help central banks...

Postal Savings Bank Completes First Renminbi Interest Rate Options Trades on Interbank Market

China's interbank market has just seen the launch of a new category of derivatives trading.

PBOC Issues New Interest Rates Directive to Chinese Banks, Structured Deposits Targeted

The Chinese central bank has issued a new directive on interest rates to domestic lenders according to local media reports.

Chinese Central Bank Flags Adjustments to Deposit Benchmark Rate as Coronavirus Outbreak Continues

The People's Bank of China (PBOC) has flagged adjustments to benchmark rates for bank deposits as part of broader efforts to mitigate...

Chinese Central Bank Applies First Ever Cut to Rates for Medium-term Lending Facilities

The People's Bank of China (PBOC) has cut one of its key interest rates in a sign that Beijing will adopt further...

Annual Interest Rates in Excess of 36% Criminalised by Chinese Supreme Court

China's top judicial and police authorities have made lending at annualised rates above 36% a criminal offence, amidst a crackdown on underground...

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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...