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Chinese P2P
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Chinese P2P
Fintech
China’s P2P Platforms Drop from 5000 to Less Than 6
CBNEditor
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October 22, 2020
0
Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...
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Fintech
China’s Leading Fridge Maker Sells off P2P Unit for Just 2 Kuai Following USD$200 Million Acquisition
CBNEditor
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December 18, 2019
0
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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Fintech
Sichuan Province Places Ban on P2P Activity within Its Borders
CBNEditor
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December 5, 2019
0
The huge inland province of Sichuan has placed a ban on both local and outside online lending companies engaging in P2P lending...
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Fintech
PBOC Mulls Ban on Agency Collection Operations for P2P Lending Platforms
CBNEditor
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December 4, 2019
0
The Chinese central bank has just released a draft version of new regulations on agency collection operations that places a ban on...
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Fintech
Beijing Launches Sweeping Investigation into Online Lending, Ping An Subsidiary Targeted
CBNEditor
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October 25, 2019
0
The central government's top financial regulators have launched investigations into some of China's leading online lending platforms in the wake of...
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Banking
China’s Local Governments Flag Large-scale Withdrawal of Online Lending Platforms
CBNEditor
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August 16, 2019
0
More online lending platforms are expected to topple in China as local governments around the country release new withdrawal lists and guides....
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Fintech
Returns on P2P Loans Set to Weaken as Chinese Regulators Step up Pressure
CBNEditor
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February 19, 2019
0
Average returns on peer-to-peer loans in China are expected to remain weak as Beijing continues to crack down on internet lending.
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Banking
Citigroup, Goldman Sachs, JPMorgan and Credit Suisse Abandon Chinese P2P Deals
CBNEditor
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January 26, 2019
0
The woes of China's peer-to-peer lending sector continue to worsen, with US investment banks abandoning stateside IPO's for Chinese platforms en masse...
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Economy
Chinese Central Bank to Share Personal Info of Absconding P2P Debtors
CBNEditor
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October 29, 2018
0
The People's Bank of China (PBOC) has set its sights on the debtors of P2P platforms who wilfully abscond from their repayment obligations, with...
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Banking
China’s Peak Online Finance Body Demands Reports on P2P Activities of Members
CBNEditor
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August 23, 2018
0
China's peak body for internet finance has launched a new campaign to deal with the worsening state of the country's P2P sector. On 22 August...
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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen
Banking
CBNEditor
-
January 15, 2021
0
The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...
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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy
Banking
CBNEditor
-
January 15, 2021
0
A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...
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Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020
Banking
CBNEditor
-
January 15, 2021
0
The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...
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Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan
Banking
CBNEditor
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January 14, 2021
0
Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.
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