Saturday, October 31, 2020
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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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...