Tags Chinese online finance

Tag: Chinese online finance

Fintech

Curbs on Data Collection by Chinese Fintech Apps Set to Come into Effect at Start of May

CBNEditor - March 28, 2021 0

China is on track to launch new rules that place limits on data collection by financial apps, amidst efforts to tighten regulation...

Fintech

Ant Group Outlines Self-Regulatory Measures for Online Finance Platforms, Calls for Greater Focus on “Ethical Duties”

CBNEditor - March 21, 2021 0

Chinese fintech giant Ant Group has issued new guidelines for online financial operations in the wake of heavy scrutiny from regulators that...

Banking

Online Lender XWBank Accused of Levying Excessive Services Fees for Vehicle Loans

CBNEditor - March 19, 2021 0

Sichuan-based direct lender XWBank (新网银行) stands accused of driving up financing costs for consumers by means of exorbitant services fees.

Banking

China Cracks Down on “Harvesting” of College Student Consumer Loans by Online Finance Platforms

CBNEditor - March 18, 2021 0

The Chinese central government has just issued a new directive aimed at curbing online consumer lending activities that specifically target college students....

Finance

Chinese Communist Party Commits to Regulation of All Forms of Financial Activity, Highlights Problems with Online Finance

CBNEditor - March 17, 2021 0

A leading organ of the Chinese Communist Party (CCP) has committed to the inclusion of all forms of financial activity within China...

Economy

Tencent’s Pony Ma Submits Proposal for Greater Regulatory Protections of Online Funds to Chinese Congress

CBNEditor - March 5, 2021 0

The head of Chinese tech giant Tencent has called for Chinese regulators to step up their protections of fintech and e-commerce users...

Fintech

China Tightens Regulation of Online Lending by Commercial Banks with Slew of New Restrictions

CBNEditor - February 21, 2021 0

The Chinese government has further stepped up its regulation of online lending by domestic commercial banks with a new directive that places...

Banking

Alipay, JD.com Remove All Bank Deposit Products from Sale via Online Platforms

CBNEditor - January 28, 2021 0

China's Internet finance giants have completed the full withdrawal of bank deposit products from sale to both old and new customers via...

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...

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Tag: Chinese online finance

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