Tuesday, January 19, 2021
Tags Wang Zhaoxing

Tag: Wang Zhaoxing

Banking

“Empty Financing” by Lenders Is Being Effectively Contained: China’s Banking Regulator

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Wang Zhaoxing (王兆星), vice-chair of the China Banking and Insurance Regulatory Commission (CBIRC), believes that regulators have achieved some initial success in containing "empty...
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Banking

Stop Major Shareholders from Controlling Banks: China Banking Regulator

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The deputy head of the China Banking Regulatory Commission says that financial regulators will prevent major shareholders and "insiders" from exercising control of banks. In...
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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

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The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
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NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

Economy CBNEditor - 0
China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...
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China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Economy CBNEditor - 0
Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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China Bans Banks from Selling Depository Products via Third Party Online Platforms

Fintech CBNEditor - 0
Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...
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