Tuesday, April 20, 2021
Tags Chinese microloans

Tag: Chinese microloans

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

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

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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Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

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