Tuesday, October 20, 2020
Tags Chinese lending

Tag: Chinese lending

Banking

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

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

Maximum Rate for Private Loans in China Shifts from 36% to 4-Times Loan Prime Rate

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China has launched measures to change the "lawfully protected threshold" for loans between private parties from 36% to a multiple of the...
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Banking

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

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

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

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

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

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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...
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Banking

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

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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...
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Banking

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

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

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

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

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

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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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Banking

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

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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

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Economy CBNEditor - 0
Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

Fintech CBNEditor - 0
The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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