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Chinese microloans
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Chinese microloans
Banking
Tencent’s WeBank Reduces Maximum Ceiling for Microloans by 1/3 in Response to CBIRC Directive
CBNEditor
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December 23, 2020
0
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
CBNEditor
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September 18, 2020
0
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
CBNEditor
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July 27, 2020
0
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
CBNEditor
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May 28, 2020
0
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
CBNEditor
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April 17, 2019
0
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
China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy
Banking
CBNEditor
-
April 19, 2021
0
The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...
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Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations
Banking
CBNEditor
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April 19, 2021
0
The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...
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China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing
Fintech
CBNEditor
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April 19, 2021
0
Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...
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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
Banking
CBNEditor
-
April 19, 2021
0
The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...
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