Finance


Online transactions surge for UnionPay

Online spending and transactions received a strong boost during the Chinese New Year holiday, thanks partly to the “stay put” policy, according to data from China ...

February 19, 2021, Friday


Robinhood raises additional US$3.4b

Online trading platform Robinhood, which has seen demand surge amid a social media campaign targeting GameStop and other companies, said yesterday it had raised US$3.4 billion to finance its needs....

February 3, 2021, Wednesday


Banks told to support bonded zone

The Shanghai Banking Association is calling for banks to support the development of ...

January 21, 2021, Thursday


Douyin Pay set to rival Big 2 apps

Douyin debuted its payment service Douyin Pay yesterday, which could shake the dominance of Alibaba and Tencent in the market segment....

January 20, 2021, Wednesday


New norms for rating consumer credit firms

The China Banking and Insurance Regulatory Commission issued a number of measures yesterday for the regulatory rating of consumer credit firms, aiming to strengthen classified supervision and promote the...

January 14, 2021, Thursday


Boost for cross-border yuan deals

China will further optimize cross-border yuan policies and stabilize foreign trade and investment, according to a circular posted on the website of the People’s Bank of China, the country’s central ba...

January 5, 2021, Tuesday


Consumers told to avoid debt traps

China’s top banking regulator has urged consumers to make rational use of loan products and obtain financial services from regular institutions and channels to avoid falling into debt traps....

January 4, 2021, Monday


Banks make progress in solving SMEs’ problems

Banks in Shanghai are making great progress in solving the financing difficulties of small and micro enterprises, according to Ma ...

December 11, 2020, Friday


BOC fined over crude oil futures

China’s banking regulator said on Saturday it has made administrative punishment decisions and taken regulatory measures following an investigation into a risk incident related to a crude oil futures product...

December 7, 2020, Monday


Small firm loans: banks draw flak

Several Chinese banking, insurance and credit institutions have been criticized for charging excessive fees on loans to small and micro businesses, in violation of regulations aimed at lowering financing...

November 23, 2020, Monday




 

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