Friday, April 23, 2021
Tags Chinese P2P lending

Tag: Chinese P2P lending

Fintech

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

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The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
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Fintech

Guangzhou’s PPmoney Withdraws from All Online Lending Operations

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Guangzhou-based P2P platform PPmoney has announced its withdrawal from all online lending operations following increased pressure on the Internet finance sector from...
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Fintech

China’s P2P Lending Sector Crushed out of Existence Completely

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

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

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

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

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

Shanlin Finance Founder Sentenced to Life in Prison for 70B Yuan P2P Ponzi Scheme

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The man at the centre of an immense P2P Ponzi scheme that illegally raised over 70 billion yuan from more than 620,000...
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Fintech

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

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

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

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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...
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Fintech

Nine Chinese Provinces Ban Online P2P Lending Operations

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A total of nine provinces in China have placed bans on online peer-to-peer (P2P) lending operations by platforms in their jurisdictions, following...
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Fintech

China’s Leading Fridge Maker Sells off P2P Unit for Just 2 Kuai Following USD$200 Million Acquisition

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China's top fridge manufacturer has just sold off its peer-to-peer (P2P) lending vehicle for next to nothing, in a further sign of...
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Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

Banking CBNEditor - 0
The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...
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20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

Finance CBNEditor - 0
The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...
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National Fiscal Revenues in China Rise over 24% in First Quarter

Economy CBNEditor - 0
China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...
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Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Banking CBNEditor - 0
Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...
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