Saturday, January 16, 2021
Tags Microloans

Tag: Microloans

CBIRC Steps up Pressure on Use of Microloan Funds for Investment in Stocks and Derivatives

The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up efforts to prevent the use of funds from microloan companiess for...

New Micro-lending Rules Could Oust Thousands of Chinese Fintech Platforms

The launch of strict new measures concerning online micro-lending is expected to cause a major shakeup in China's Fintech sector, prompting thousands of unlicensed...

Beijing Steps up Scrutiny of Internet Microloans, P2P Lenders Affected

The Chinese central government has heightened its scrutiny of Internet microlending with the launch of new measures for standardisation of the sector. On 1 December...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.