Tuesday, October 27, 2020
Tags Financial inclusion

Tag: Financial inclusion

CBIRC Scrutinises Interest Rates for China’s Small and Micro-Enterprises

The China Banking and Insurance Regulatory Commission (CBIRC) has announced that it's undertaking as well as further researching and refining specialist assessments of interest...

CBRC Calls for Financial Inclusion Loan Growth to Outpace Other Credit

The China Banking Regulatory Commission is pushing for lenders to accelerate the growth of financial inclusion loans that target disadvantaged rural areas by providing...

Chinese Banks Expected to Lend More to Advanced Manufacturing, Financial Inclusion

Chinese banks are expected to channel more funds to the advanced manufacturing sector, micro-enterprises and financial inclusion areas, as regulators tighten curbs on real...

Reserve Ratio Cuts for Financial Inclusion Will Add 300bn Yuan in Long-term Liquidity

Reductions in the reserve ratio requirements for Chinese banks are set to give a boost to long-term liquidity following their launch towards the end...

Top Regulators Push for Financial Inclusion in China’s Impoverished Areas

China's senior-most financial regulators hope to bring financial inclusion measures to some of the poorest parts of the country. The People's Bank of China, the...

Chinese Banks Could Reap USD$63.4b from Fintech by 2020: EY

Chinese banks could reap an additional USD$63.4 billion in revenue by the end of the decade should they use Fintech to shore up financial...

Senior Official Calls for Differential Interest Rates to Improve Financial Inclusion

China needs to improve the ability of the banking sector to serve a wider range of clients in the real economy, a former senior...

Central Bank Says End Goal of Reserve Ratio Cut is Financial Inclusion

The central bank's flagship news publication is emphasising the significance of its recent reserve ratio cut as a means of raising China's level of...

China Banking Association Pushes for Greater Financial Inclusion

The China Banking Association has highlighted several key challenges to improving the provision of financial services to more members of the country's real economy. Pan...

AliPay and Tencent Hop Aboard Chinese Public Transit

Following fierce competition in the convenience store, supermarket, taxi and ride-sharing sectors, China's leading online and mobile payment providers are vying for a slice...

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Beijing Issues New Directive to Support Private Enterprise Growth Post COVID-19

The Chinese central government has just issued a new directive to support the development of private enterprises in China and help them...

Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...