Monday, January 25, 2021
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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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...