Friday, October 30, 2020
Tags Chinese micro-lending

Tag: Chinese micro-lending

Microfinance Companies in China See Outstanding Loans Decline by USD$4.83 Billion in First Quarter of 2020

The latest data from the Chinese central bank points to sizeable declines in both the number the outstanding loan balance of Chinese...

Chinese Microloan Companies Dwindle to Less than 8000 in First Half of 2019

The Chinese microloan sector has continued to contract in the first half of 2019.

Online Loansharking Re-emerges Under Variety of Guises, Rates Exceed 1000%

China's peak body for the internet finance sector points to a resurgence in shady forms of online micro-lending  despite a crackdown launched by Beijing...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

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...