Saturday, October 24, 2020
Tags Chinese rural finance

Tag: Chinese rural finance

Rural Commercial Banks in China Rise to 1423, Rural Credit Societies Post Decline

The number of rural commercial banks operating in China has seen an increase following the conversion rural credit societies into fully fledged...

Rural Bank Lending in China Rises 16.5% Per Annum on Average Since 2007

A new report from the People's Bank of China (PBOC) points to over 500% growth in rural-related bank loans since the launch...

Chinese Central Bank’s 2019 Research Conference Flags Further Rural Finance and Financial Inclusion Measures

The People's Bank of China's (PBOC) annual research conference for 2019 has signalled further measures to improve finance in rural areas as...

Beijing Calls for Establishment of “Modern Rural Village Financial System”

The Chinese central government has unveiled plans to establish a "modern rural village financial system" as part of broader efforts to shore...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...