Tuesday, January 19, 2021
Tags Chinese municipal banks

Tag: Chinese municipal banks

Bank of Sichuan Opens for Business, Becomes China’s Largest Municipal Lender

The landlocked province of Sichuan has just seen the opening of the largest municipal bank in China following the merger of two...

China’s Municipal Commercial Banks, Private Lenders, Extend over 120 Billion Yuan in Special Coronavirus Loans

China's municipal commercial banks and private banks are heeding calls from the Chinese central government to step up lending support in relation...

China’s Municipal Banks Lag Badly in Fintech Adoption, Form Leagues to Play Catch up

A new report points to lagging fintech adoption amongst China's municipal commercial banks, with some players either establishing cooperative associations or teaming...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...