Saturday, January 23, 2021
Tags Consumer loans

Tag: Consumer loans

Shenzhen Banks Suspend Consumer Loans Due to Real Estate Speculation Concerns

Multiple banks in the southern Chinese manufacturing hub of Shenzhen have suspended the provision of consumer loans due to concerns over their illicit use...

Banking Regulator Will Crackdown on Use of Consumer Loans for Home Purchases

The China Banking Regulatory Commission is planning a crackdown on the illicit use of consumer loans to invest in the property market. As property lending...

Beijing, Jiangsu, Shenzhen Crack Down on Use of Consumer Loans for Property Investment

Banking regulators in several parts of China are targeting the surging use of consumer loans to fund down payments for real estate purchases. Over the...

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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.