Tuesday, January 19, 2021
Tags Chinese small businesses

Tag: Chinese small businesses

Zhang Xiaohui Calls for Acceleration of Bank Equity Investment Trials to Drive Financial Inclusion

A leading Chinese financial expert has pointed to equity investment by commercial banks as an effective means of resolving the financing difficulties...

Chinese Banks Defer 1.3 Trillion Yuan in Repayments for Small Business Loans Following COVID-19 Outbreak

The Chinese banking sector has provided mass deferrals on repayments for loans made to Chinese small businesses that have been hard hit...

China’s Banking Regulator Calls for Comprehensive Reduction to Financing Costs for Micro Enterprises During Coronavirus Outbreak

The China Banking and Insurance Regulatory Commission (CBIRC) has called for the Chinese financial sector to reduce the cost of funds for...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...