Friday, April 23, 2021
Tags Chinese online lending

Tag: Chinese online lending

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

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

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

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

Ant Group Withdraws Online Deposit Products in Response to Requests from Chinese Regulators

Chinese fintech giant Ant Group has withdrawn its online deposit products just a little over a month following the shock cancellation of...

China’s P2P Lending Sector Crushed out of Existence Completely

The era of unrestrained P2P online lending in China has come to complete end with the closure of the last few platforms...

China’s P2P Online Lending Companies Drop to Just Three from More than 5000 as Era of Wild Growth of Internet Finance Ends

P2P online lending companies in China have been all but squeezed out of existence following a crackdown on the once-flourishing sector due...

China Unveils New Online Lending Regulations Restricting Cross-border Operation, Leverage Levels and Lending Amounts

The Chinese central government has released new regulations which place tighter restrictions on online micro-loans following the recent collapse of the P2P...

“Jucai Cat” and Related Lending Platforms Accused of Illegally Raising USD$10.8B

An online lending group in Shanghai stands of accused of illegally raising over 73.5 billion yuan (approx. USD$10.78 billion) in funds.

Everbright Bank Extends over 1 Trillion Yuan in Loans Via Online, Contact-free Channels

Commercial lender China Everbright Bank has stepped up its usage of existing online fintech channels to extend loans in the wake of...

New York-listed Weidai Withdraws from P2P Lending Operations Following 56.52% Drop in Net Profits

Another one of China's online lenders has shut up operations following a crackdown on the P2P lending sector launched by Chinese regulators...

XWBank and China’s Policy Banks to Provide Interest Free Vouchers via Alipay for 10 Billion Yuan in Small Business Loans

Private online lender XWBank is working with China's big three policy banks to provide interest free loans to businesses in 81 cities...

Most Read

Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...