Thursday, April 15, 2021
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Tag: PPDAI

PPDai Invests in Chinese Insurtech Start-up Leapstack

Chinese insurtech start-up Leapstack (上海栈略数据技术有限公司) has just announced the completion of a series B financing round.

Microlending Crackdown Stymies Fintech IPO’s

Concerns over stricter regulation of online lending are dimming the prospects for initial public offerings by Chinese Fintech companies. Chinese regulators are reportedly mulling a...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...