Wednesday, January 20, 2021
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Tag: Weidai

New York-listed Weidai Withdraws from P2P Lending Operations Following 56.52% Drop in Net Profits

Another one of China's online lenders has shut up operations following a crackdown on the P2P lending sector launched by Chinese regulators...

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China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...

China’s Top Banking Regulator Reiterates Commitment to Anti-Trust Enforcement

The senior-most official in China's banking regulatory system has reiterated its commitment to the enforcement of anti-trust and anti-monopoly policies in the...