Thursday, October 29, 2020
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Financing Costs for Private Enterprise Still Excessively High: Yu Yongding

One of China's most influential economists says that problems with the banking sector are impeding its ability to service private enterprises and the real...

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...

Beijing to Investigate Illicit Use of Personal Bank Loans to Buy Residential Property

Beijing's banking regulator and the Chinese central bank have announced that they will launch investigations into the widespread misuse of personal and consumer loans...

New Chinese Lending Expected to Breach USD$152 Billion Threshold in August

Chinese analysts expect new lending to reach 1 trillion yuan (USD$152.67 billion) for August on the back of improving confidence and robust growth in...

China’s Urban Housing Markets Cool Sharply As Borrowing Costs Continue to Rise

Industry observers say that the launch of real estate tightening policies towards the end of last year as well as a staunching of capital...

Central Bank Calls for Strict Curbs on Lending for Real Estate Speculation, Overcapacity Industries

The People's Bank of China has flagged strict curbs on lending to real estate speculators and overcapacity industries in its latest report on the...

New RMB Lending for July Expected to Rise 72.6% YoY, M2 Growth Seen Bouncing Back

A new survey of analysts sees new lending of 800 billion yuan in July, for a slide compared to the preceding month yet a...

Bank Loans and Bonds Becoming Too Dear for Chinese Enterprise

As financial regulators push through with strenuous deleveraging measures, Chinese enterprises are struggling to obtain affordable capital via either bank loans or the bond market. The...

M2 Year-on-year Growth Seen Easing to 10.3% in May

Market observers expect growth in China's M2 money supply to dial back slightly as financial regulators crackdown on credit extension by banks. According to China Securities...

China’s Banking Regulator Says Real Estate Lending Risk is Under Control

The China Banking Regulatory Commission has indicated that it considers risk in relation to real estate loans to lie within a "controllable" threshold. Xiao Yuanqi,...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...