Tuesday, October 20, 2020
Tags Chinese private finance

Tag: Chinese private finance

Chinese Supreme Court Flags Reduction in 24% – 36% Protected Maximum Rate for Private Loans

The Chinese central government has signalled the launch of reductions on the maximum interest rate for loans made between private parties in...

Chinese Authorities Investigate 1890 Organised “Taolu” Loan Cases, Seize 16.176B Yuan in Assets

China's public security authorities have launched investigations into nearly 1900 organised "taolu" loan cases, following a nationwide crackdown on predatory lending.

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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...