Thursday, January 28, 2021
Tags Chinese underground banking

Tag: Chinese underground banking

Annual Interest Rates in Excess of 36% Criminalised by Chinese Supreme Court

China's top judicial and police authorities have made lending at annualised rates above 36% a criminal offence, amidst a crackdown on underground...

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Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...

China Construction Bank Issues over $3 Billion in Small Business Loan Bonds

One of China's big state-owned banks plans to step up financial inclusion lending with the proceeds of its latest bond issue.

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...