Tuesday, December 1, 2020
Tags Consumer finance

Tag: Consumer finance

Banking Regulator Tightens Consumer Finance Rules

The China Banking Regulatory Commission has ratcheted up its rules governing consumer finance firms that make modest loans to smaller retail or business borrowers. A...

Fintech to Push Consumer Finance Market to Over $1.74tn by 2020

Rising domestic consumption and a fintech boom are expected to drive an expansion in China's consumer finance market to over 12 trillion yuan (approx. $1.74 trillion) by the end...

Consumer Finance Boom Results in Burgeoning Bad Debt

A boom in China's consumer finance sector has been accompanied by the steady climb of its bad debt levels. More and more lenders are vying for the enticing profits offered by China's consumer finance...

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China Eclipses US as Leading Overseas Market for Asia-Pacific Companies: HSBC Survey

A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...

Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...

State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...

Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

Online shopping giant Meituan-Dianping has posted a strong performance in the third quarter of 2020 as China's economy continues to convalesce from...