The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
January 8, 2021The measure is expected to help boost lending, bolster economic growth and diversify credit exposures, said BSP governor Benjamin Diokno.
January 2, 2021Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.
December 30, 2020The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.
December 15, 2020The ACCC recommends that lenders be required to regularly prompt borrowers to review their loan costs and consider switching products or lenders.
December 10, 2020The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.
December 1, 2020Major Korean banks have started lowering limits on overdraft account products, amid a move by financial regulators to curb the accumulation of household debt.
November 25, 2020In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.
November 21, 2020ASIC's Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors' ability to withdraw from funds.
November 21, 2020