Saturday, January 23, 2021
Tags Chinese trust sector

Tag: Chinese trust sector

China’s Financial Authorities Take over Nine Insurers, Trust Companies and Brokers

China's top financial authorities have taken over control of a slew of companies in the finance sector following regulatory breaches.

COVID-19 Expected to Roil Chinese Shadow Banking, Drive Doubling in Trust Product Defaults

A key segment of China's shadow banking sector will be heavily impacted in 2020 as a result of the COVID-19 pandemic.

Assets under Management of China’s 68 Trust Companies Drop 4.85% YoY in 2019

Data from China's peak body for the trust sector indicate that assets under management dropped by over 4.8% YoY in 2019....

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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.