Monday, October 26, 2020
Tags Chinese real estate lending

Tag: Chinese real estate lending

CBIRC Issues 2491 Penalties Since Start of 2019, Targets Real Estate-related Lending

China's peak regulator for the banking and insurance sectors has issued nearly 2500 fines since the start of 2019, with analysts pointing...

Benchmark for Real Estate Lending to Switch to Loan Prime Rate on 8 October: Chinese Central Bank

The Chinese central bank has announced that the loan prime rate will serve as the benchmark for the pricing of personal residential...

Chinese Banks Channel Funds to Real Estate Market Via Pawnbrokers

Pawnbrokers are providing funds obtained via bank-issued trust plans to prospective homebuyers, following a crackdown on real estate-related lending by Beijing. The imposition of quotas...

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The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...