Saturday, January 23, 2021
Tags Chinese online finance

Tag: Chinese online finance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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

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

Most Read

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.