Tags Chinese online finance

Tag: Chinese online finance

Fintech

China Sees 93% Surge in Registration of Online Insurance Companies in 2020, CBIRC Mandates Full Licensing

CBNEditor - January 13, 2021 0

China saw an abrupt surge in companies seeking to join the online insurance sector in 2020, with authorities now stepping up efforts...

Economy

Chinese Central Bank Calls for Stronger Macro-prudential Regulation of Online Finance at Inaugural Work Meeting for 2021

CBNEditor - January 7, 2021 0

The People's Bank of China (PBOC) has sent a raft of key policy signals at its inaugural work meeting for 2021, including...

Fintech

Ant Group Should Serve as a Lesson for Other Online Tech Giants: China’s Banking Regulator

CBNEditor - January 5, 2021 0

China's top banking regulator has called for other Internet giants to take heed of the difficulties recently endured by Jack Ma's fintech...

Banking

CBIRC Puts Kibosh on Sale of Bank Wealth Management Products via Online Channels

CBNEditor - January 4, 2021 0

The wealth management vehicles of Chinese banks will be excluded from selling their products via online platforms following the launch of a...

Fintech

Financial Holding Companies Are Way of the Future for Regulation of China’s Online Fintech Giants: PBOC

CBNEditor - December 28, 2020 0

The official news outlet for the Chinese central bank has published an article indicating that financial authorities will push China's large-scale online...

Fintech

China’s Ex-Finance Minister Warns against Fintech Platforms Becoming “Too Big to Fail” Following Ant Group IPO Debacle

CBNEditor - December 22, 2020 0

The former head of China's Ministry of Finance (MOF) has warned of the perils of Chinese fintech platforms becoming excessively large and...

Fintech

JD.com, Du Xiaoman and Tencent Join Alipay in Withdrawing Online Deposit Products After Chinese Central Bank Calls Them “Illegal Financial Activity”

CBNEditor - December 21, 2020 0

China's top Internet platforms have removed their online deposit products following far heavier scrutiny from regulators concerned about risk issues.

Fintech

Former Head of Chinese Central Bank Highlights Four Key Points for Regulation of Internet Finance

CBNEditor - December 15, 2020 0

Dai Xianglong (戴相龙), the former governor of the People's Bank of China (PBOC), has outlined key focal points for the regulation of...

Banking

Chinese Banks Are “Quenching Their Thirst with Poison” by Selling Depository Products via Online Finance Platforms: PBOC Official

CBNEditor - November 24, 2020 0

Chinese regulators have turned their attention to the use of online lending platforms by smaller banks to draw funds from retail customers...

Fintech

Private Banks in China Use Online Platforms to Offer Annualised Rates of up to 7.35%

CBNEditor - November 16, 2020 0

China's privately run banks are using online finance platforms to sell deposit products that provide exorbitant rates of return compared to the...

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Tag: Chinese online finance

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