Saturday, October 24, 2020
Tags Online lending

Tag: Online lending

Online Lending Platforms Struggle Due to Security Concerns

Online lending platforms in China have seen a decline in total transactions following dozens of closures. Data from Rong360 indicates that the online lending sector...

CBRC Tightens the Screws on Internet Lending by Private Banks

China's banking regulator plans to step up regulatory requirements for the online lending activities of the country's private banks. CBRC issued the draft version of...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...