Wednesday, May 12, 2021
Tags Chinese P2P lending

Tag: Chinese P2P lending

Sichuan Province Places Ban on P2P Activity within Its Borders

The huge inland province of Sichuan has placed a ban on both local and outside online lending companies engaging in P2P lending...

Chongqing Bans All P2P Activity, 29 Platforms on Track to Shut Down

The mid-western mega-city of Chongqing has shut down all P2P lending activities within its jurisdiction.

China’s P2P Platforms Drop from over 7,000 to under 600, Few Seen Transitioning to Micro-loan, Consumer Finance Operations

Analysts expect few of China's P2P platforms to make a successful transition to other business models following a regulatory crackdown which has...

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...

Factoring Companies Banned from Working with P2P Lenders

New regulations released by China's banking regulator place a range of restrictions on the operations of factoring enterprises, following concerns about their...

“Foreigners Misunderstand China’s P2P Lending Industry”

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

P2P Lending Balance Drops 48% in 2019, CBIRC Pushes for Shift from P2P to Micro Lending

The Chinese central government hopes to drive the conversion of P2P lenders into micro-loan companies.

P2P Lending Platforms to Be Fully Incorporated into Chinese Central Bank’s Credit System

Financial regulators have unveiled plans to incorporate P2P lending platforms into China's credit system as part of efforts to address problems with...

People’s Daily Warns China’s Online Lending Platforms against Illegal Collection of Services Fees

The flagship newspaper of the Chinese Communist Party has published a news story warning online lending platforms that the collection of exorbitant...

Online Lending Platforms in China Fall Below 1000, Drop 60% Compared to 2016 Peak

The number of online lending platforms operating in China on a regular basis has seen a precipitous decline compared to its peak,...

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Bank of Communications Underwrites New Bonds for Revitalization of China’s Rural Areas

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to underwrite a new debt instrument designed to channel...

China’s Open-ended Mutual Funds Market Takes First Place in Asia at $2.81 Trillion, Fifth Place Globally

China's open-ended mutual funds market has emerged as the largest in the Asia-Pacific following a sharp rise in the popularity of the...

Chinese Investors Can Now Buy Government Savings Bonds Using Their Mobile Phones

The Chinese government has made it possible for domestic investors to subscribe for government bonds via mobile banking apps.

Alipay Trials Digital Renminbi Account Transfers Using MYBank Wallet

Chinese payments platform Alipay has debuted a Digital Renminbi payments and transfer function on its mobile app that connects to a wallet...