Friday, October 30, 2020
Tags Chinese private lending

Tag: Chinese private lending

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...

Annual Interest Rates in Excess of 36% Criminalised by Chinese Supreme Court

China's top judicial and police authorities have made lending at annualised rates above 36% a criminal offence, amidst a crackdown on underground...

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.

Most Read

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...