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Chinese private lending
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Chinese private lending
Finance
Chinese Supreme Court Flags Reduction in 24% – 36% Protected Maximum Rate for Private Loans
CBNEditor
-
July 23, 2020
0
The Chinese central government has signalled the launch of reductions on the maximum interest rate for loans made between private parties in...
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Banking
Annual Interest Rates in Excess of 36% Criminalised by Chinese Supreme Court
CBNEditor
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October 23, 2019
0
China's top judicial and police authorities have made lending at annualised rates above 36% a criminal offence, amidst a crackdown on underground...
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Finance
Chinese Authorities Investigate 1890 Organised “Taolu” Loan Cases, Seize 16.176B Yuan in Assets
CBNEditor
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September 4, 2019
0
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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Most Read
Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor
Banking
CBNEditor
-
April 14, 2021
0
The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms
Finance
CBNEditor
-
April 14, 2021
0
The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March
Economy
CBNEditor
-
April 14, 2021
0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021
Banking
CBNEditor
-
April 14, 2021
0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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