Monday, January 25, 2021
Tags Chinese microloans

Tag: Chinese microloans

Banking

Tencent’s WeBank Reduces Maximum Ceiling for Microloans by 1/3 in Response to CBIRC Directive

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Tencent-backed digital lender WeBank has announced a sizeable reduction in the maximum amount for its key microloan product in response to new...
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Finance

CBIRC Steps up Pressure on Use of Microloan Funds for Investment in Stocks and Derivatives

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The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up efforts to prevent the use of funds from microloan companiess for...
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Banking

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

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

Guangzhou to Allow Establishment of Wholly Foreign-invested Micro-loan Companies

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The Guangdong province capital of Guangzhou has just announced that it will allow foreign investment in micro-loan companies within its jurisdiction as...
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Finance

Online Microloan Companies in China Set to Come under Unified Regulation

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China's 280 online microloan companies are expected to soon come under unified administrative regulation according to domestic media reports.
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Most Read

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

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Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...
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Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

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The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
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Chinese Banks See Net Profits Decline 1.8% in 2020

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China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

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