Tuesday, October 20, 2020
Tags Chinese lending

Tag: Chinese lending

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...

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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...