Tuesday, January 19, 2021
Tags Lai Xiaomin

Tag: Lai Xiaomin

Chair of Huarong Asset Management Lai Xiaomin Sentenced to Death for Bribery, Bigamy, Corruption

The former chair and party secretary for one of China's big four asset management firms has been sentenced to death over bribery...

Chair of China’s Biggest Asset Management Company Placed Under Investigation

Lai Xiaomin (赖小民), the chair of China Huarong Asset Management, has been placed under disciplinary investigation and monitoring by the Chinese authorities for suspected...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...