Tuesday, January 19, 2021
Tags Chinese State Council

Tag: Chinese State Council

Banking

State Council Cancels Enterprise Bank Account Licensing

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China's top government authority has unveiled major changes to the licensing system for the opening of enterprise bank accounts by commercial lenders....
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Finance

State Council Launches New Requirements for Establishment of Financial Holding Companies

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China's top government authority has provided further clarification for requirements in relation to the establishment of financial holding companies (FHC), in order...
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Banking

Chinese Monetary Policy Will Remain Unchanged, Needs Greater Certainty to Deal with COVID-19 Uncertainties: PBOC

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A senior official from the Chinese central bank has flagged the maintenance of steady monetary policy in the near-future, as the COVID-19...
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Banking

State Council Flags RRR Cut Targeting Joint Stock Banks to Help Deal with Coronavirus Impacts

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The State Council has flagged the use of targeted cuts to China's reserve requirement ratio (RRR) to help prime the Chinese economy...
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Banking

Beijing Mandates Lending Rates of under 1.6% for Enterprises Contributing to Coronavirus Containment

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China's State Council has called for banks to provide loans with rates of under 1.6% to those enterprises that provide goods and...
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Most Read

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

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The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
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NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

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China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...
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China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

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Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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China Bans Banks from Selling Depository Products via Third Party Online Platforms

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