Saturday, January 23, 2021
Tags P2P lending

Tag: P2P lending

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...

Only 6 Banking Sector P2P Platforms Left in China

The number of bank-run P2P platforms operating in China despite the natural advantages that established lenders have brought to Fintech business. Securities Daily reports that...

Trial of Fintech Ponzi Scheme Opens in Beijing

The Beijing No. 1 Intermediate Court kicked off its public trial of the key players behind fraudulent P2P lending platform Ezubao on 26 April. Yucheng Global president Zhang...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.