Saturday, January 23, 2021
Tags Financial stability

Tag: Financial stability

Beijing Has Second Thoughts About Asset Management Regulations

In the wake of concerns that its new asset management guidelines could imperil financial stability, the China Banking Regulatory Commission has announced that it...

China’s Growth Ambitions Spur Credit Expansion, Undermine Financial Stability: IMF

The Chinese government's pursuit of overambitious growth targets - especially at the regional level-  is driving excessive growth in debt and compromising the stability...

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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.