In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Regulations take shape, usually quite a bit more slowly. So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet...
“Say cheese?” The central bank in China says “no dice” — at least for new customers. Chinese regulators are forbidding banks from utilizing biometric technology to verify new customers’ identities, reports Caixin, until such time as a technological standard is established in conjunction with applicable...
To give banking customers incentives to boost their deposits, Chinese banks are trying a unique set of giveaways that include items like iPhones, daily grocery deliveries and even Mercedes, Bloomberg reported. “Chinese banks are hemorrhaging their deposits,” Rainy Yuan, an analyst at brokerage Masterlink Securities...
November 02, 2018
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could be seen as a warning against a stimulus approach to an economy that is slowing along with a trade war, Financial Times reported. Through its yearly financial stability report, the PBOC said, “Prudent […]
May 26, 2015
“Say cheese?” The central bank in China says “no dice” — at least for new customers. Chinese regulators are forbidding banks from utilizing biometric technology to verify new customers’ identities,...
December 24, 2014
To give banking customers incentives to boost their deposits, Chinese banks are trying a unique set of giveaways that include items like iPhones, daily grocery deliveries and even Mercedes, Bloomberg...
