China Banking Research

Oct

Consumer Finance Regulations Tighten in China

It was reported on September 20th 2017 that 17 companies involved in the consumer finance sector had a net profit of 974 million Yuan for the first half of 2017, which was approximately the total net profit for all of 2016. This explosive growth has caused growing concerns amongst regulators…

Sep

China Banking Research

Wechat’s Loan platform is already on-par with some of the biggest banks in China

In August this year, WeBank announced that its lending product “Wei Li Dai” (WeChat Loan) has exceeded RMB100 billion (USD14.7 billion).

Aug

China Banking Research

Is Xinlian the answer to the Individual Credit Checking System in China?

An efficient credit checking system is critical for the development of retail financial services. But in China, the individual credit system is not as advanced as the ones in US or Europe with the People’s Bank of China (PBOC) credit system covering only about 25% of the entire Chinese population.…

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