Monday, November 30, 2020
Tags Micro-loans

Tag: Micro-loans

7 Private Banks Garner Approval in Six Months Despite Strict Entry Requirements

The number of private banks approved for business in China has nearly doubled over the past six months, yet industry insiders expect regulators to...

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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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...