Friday, April 16, 2021
Tags Chinese internet finance

Tag: Chinese internet finance

China Cracks Down on “Harvesting” of College Student Consumer Loans by Online Finance Platforms

The Chinese central government has just issued a new directive aimed at curbing online consumer lending activities that specifically target college students....

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...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...