Friday, October 30, 2020
Tags Micro lending

Tag: Micro lending

Deleveraging Campaign Puts Kibosh on Consumer Loan Securitisation Binge

China's ongoing deleveraging campaign is expected to cool the boom in consumer loan securitisation by online micro-lenders and large-scale Fintech concerns. Consumer loan securitisation has...

Regulators Set to Step Up Crackdown on Internet Micro-lending

Chinese financial regulators have given signs that they will further intensify their crackdown on the online micro-lending sector, just after calling for the immediate...

Regulators Call for Immediate Suspension of New Online Microlending

Chinese regulators have launched an immediate suspension of the establishment of new online micro-lending platforms, following reports of exorbitant interest rates and widespread unlicensed...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...