Saturday, January 23, 2021
Tags Chinese online lending

Tag: Chinese online lending

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Chinese fintech giant Ant Group has withdrawn its online deposit products just a little over a month following the shock cancellation of...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

P2P Platform Xiaoniu Online Becomes the Latest in China to Close Shop

Xiaoniu Online (小牛在线) is the latest P2P platform to shut down operations following the launch by Chinese authorities of a heavy-handed crackdown...

CBIRC’s New Online Lending Rules Ban Speculation on Property and Stocks, Limit Consumer Loans

China's banking regulator has issued the draft version of new online lending rules that seek to contain risk across a broad range...

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.