Sunday, January 24, 2021
Tags Chinese real estate lending

Tag: Chinese real estate lending

Chinese Central Bank Targets Concentrations of Real Estate Lending

China's central bank and its top banking regulator have jointly launched a new system to regulate the concentration of 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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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.