Sunday, January 17, 2021
Tags Chinese peer-to-peer lending

Tag: Chinese peer-to-peer lending

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...

Citigroup, Goldman Sachs, JPMorgan and Credit Suisse Abandon Chinese P2P Deals

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...

Beijing Steps up Pressure on Chinese P2P Lenders with Call for “Targeted Bomb Disposal”

The Chinese central government has flagged greater pressure on the P2P lending sector with a call for "targeted bomb disposal", as analysts...

Is China’s P2P Crisis the Result of Regulatory Negligence?

A new report from the Peterson Institute for International Economics (PIIE) says negligence and inaction on the part of China's financial regulators serve as...

Crackdown on P2P Lenders Spreads to Hangzhou, 10 Platforms Ensnared within a Week

China's ongoing crackdown on P2P lenders has spread from Nanjing and Shanghai to the Zhejiang province capital of Hangzhou, with a slew of investigations...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.