Monday, October 26, 2020
Tags Chinese online lending

Tag: Chinese online lending

“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...

Online Lender XWBank Files 139 Patents for AI, Big Data, Distributed Ledger Technology

Sichuan-based online lender XWBank (新网银行) says it's stepping up its independent fintech research and development capabilities.

CBIRC Issues Draft Commercial Bank Internet Lending Measures, Plans to Prohibit Outsourcing of Key Risk Operations

Chinese regulators continue to target risk in the online lending sector with the unveiling of an updated draft version of measures that...

P2P Lending Platforms in China Drop Below 600 as Regulators Step up Pressure

The number of regularly operating P2P platforms in China has fallen beneath the threshold of 600 to a new historic low, following...

“Foreigners Misunderstand China’s P2P Lending Industry”

Opinion piece by Dee Hung The rocketing growth of China’s P2P lending business has attracted...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...