Friday, January 22, 2021
Tags Chinese lending

Tag: Chinese lending

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...

Financial Inclusion Lending to Micro and Small Enterprises up 28.4% in First Half of 2020

China's financial inclusion drive has resulted in a surge in lending to micro and small-enterprises in the first half of 2020.

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...

Postal Savings Bank of China Provides Repayment Deferrals to over 20,000 Small Business Customers

One of China's big six state-owned lenders has provided a swathe of loan repayment deferrals to micro and small enterprises (MSE) amidst...

China’s Banking Regulator Hopes to Step up Lending Efficiency via Financial Guarantee Agencies

China's banking and insurance regulator hopes to bring greater transparency to the financial guarantee sector by mandating the compilation of approved agencies...

China’s Micro-and-Small Enterprise Loan Balance up 27.56% YoY at End of May

Data from China's banking regulator points to a rise of over 27% in the nationwide financial inclusion lending balance for micro-and-small enterprises...

2020 Full Year Renminbi New Lending to Approach USD$2.82 Trillion: Chinese Central Bank Governor

People's Bank of China (PBOC) chief Yi Gang (易纲) forecasts copious credit growth in 2020 following the economic impacts of the COVID-19...

Total Social Financing Rises 12.5% YoY in May as “Loose Credit” Conditions Emerge in China

The latest data on China's monetary system points to a sizeable rise in credit extension in May, with one analysts referring to...

Chinese Banks Issue over 1.4 Trillion Yuan in Loans to Support Coronavirus Containment: CBIRC

The latest data from China's banking regulator points to the extension of a copious volume of credit by domestic lenders to efforts...

Beijing Mandates Lending Rates of under 1.6% for Enterprises Contributing to Coronavirus Containment

China's State Council has called for banks to provide loans with rates of under 1.6% to those enterprises that provide goods and...

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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.