Tuesday, January 26, 2021
Tags Chinese internet finance

Tag: Chinese internet finance

JD.com, Du Xiaoman and Tencent Join Alipay in Withdrawing Online Deposit Products After Chinese Central Bank Calls Them “Illegal Financial Activity”

China's top Internet platforms have removed their online deposit products following far heavier scrutiny from regulators concerned about risk issues.

P2P Platform Xiaoniu Online Becomes the Latest in China to Close Shop

Xiaoniu Online (小牛在线) is the latest P2P platform to shut down operations following the launch by Chinese authorities of a heavy-handed crackdown...

China’s Peak Online Finance Body Requires Members to Display Annualised Lending Costs

The National Internet Finance Association of China (NIFA) (中国互金协会) has launched a new measure to raise the transparency of the online lending...

Baihang Credit Executes Cooperative Agreements with over 700 Chinese Financial Institutions

China's only licensed personal credit agency has just seen its first major change in executive personnel, after enjoying rapid growth in the...

IoT Take Pride of Place on Beijing’s New Internet Security Trial Project List

The Ministry for Industry and Information Technology (MIIT) has released a new list of internet security technology application trial projects.

Chinese Internet Finance Authority Pledges to “Vigorously” Combat Online Loan Risk

China's leading authority for internet financial risk has signalled heightened measures to deal with risk in relation to online P2P lending.

Online Financial Institutions Integrated into China’s Credit System

The Chinese central bank is pressing ahead with efforts to incorporate online financial institutions in the country's broader credit system.

Chinese Online Lending Platforms See 14.21% Rise in Overdue Loans, 17 Plan Benign Exits

China's online lending platforms saw a decline in transaction volumes in tandem with a rise in overdue loans in the month of...

China’s P2P Lending Sector Sees First Ever Drop in Transaction Volumes in 2018

A new report on China's internet finance sector points to a sharp decline in P2P loan transaction volumes as well as platforms following official...

China’s National Internet Finance Association Convenes Open Banking Forum

China's peak body for the online finance sector recently convened forum on open banking in the northern Chinese city of Tianjin. The National Internet Finance...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...