Sunday, January 24, 2021
Tags Down payments

Tag: Down payments

Consumer Loans for Home Purchases Stage a Come Back Despite 2017 Crackdown

Semi-licit forms of lending designed to side step official curbs on financing for home purchases have already made a comeback in China, despite the...

Beijing Struggles to Staunch Illicit Use of Bank Loans for Home Down Payments

Heightened regulatory scrutiny of the illicit use of bank loans for property investment purposes has thus far failed to fully deter promotion of 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.