Sunday, January 24, 2021
Tags Chinese policy banks

Tag: Chinese policy banks

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...

China’s Banking Sector Provides over 2 Trillion Yuan in Lending Support to Fight against COVID-19

Chinese banks have provided over 2 trillion yuan (approx. USD$282.97 billion) in lending support to efforts to contain the impacts of the...

China’s Policy Banks Account for 77% of Resource-backed Lending to Latin America and Africa

Data from Washington-based non-governmental organisation the Natural Resource Governance Institute (NRGI) indicates that China's policy banks accounted for the vast majority of...

China Development Bank Enters $100mn Deal to Finance African SMEs

One of China's three big policy banks has entered an agreement with pan-African lender United Bank for Africa (UBA) to provide funding to small...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.