Saturday, October 24, 2020
Tags Chinese microloans

Tag: Chinese microloans

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

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

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...

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

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

Online Microloan Companies in China Set to Come under Unified Regulation

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

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...