Tagged: china banking regulatory commission

China: WeiyangX Fintech Review

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More

China: WeiyangX Fintech Review

China Issues a Five-Year plan on Fintech Facing the challenges from the online finance industry, the People’s Bank of China (PBOC) and four other departments including the China Securities Regulatory Commission (CSRC), China Banking Regulatory Commission (CBRC), China Insurance Regulatory Commission (CIRC) and Standardization Administration… Read More

China: WeiyangX Fintech Review

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

China is Cracking Down on Unscrupulous Financial Services

In a series of reports, ChinaNews is pointing to the increasing scrutiny of the Chinese government regarding financial fraud and over-all malpractice. In March there was the case of the “first and high profile” peer to peer lending fraud case where 41 people associated with Baiyin… Read More

China Issues Online Lending Rules: Panic Ensues

After nearly eight months since the original draft was first issued, the China Banking Regulatory Commission (“CBRC”) announced the official rules for the online lending industry on August 24, 2016. The unveiling came accompanied with a few policy curveballs that few industry participants were expecting…. Read More

13 New Restrictions for China P2P Lenders as Rules Sink In

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

China P2P Lending Rules Said to Include Caps on Amount Borrowed

A report in ChinaNews is saying The China Banking Regulatory Commission (CBRC), along with partner agencies, will release rules regarding online lending that will include lending caps. According to the report, individuals will be able to borrow up to 200,000 CNY (USD $30,000) from any… Read More

Chinese Regulators Vow to Get Tough on Online Lending

The China Banking Regulatory Commission is talking tough when it comes to bogus online lenders. As reported in the China Daily,  Shang Fulin, Chairman of the CBRC, explained at a news conference regulators were cracking down of dodgy platforms; “The CBRC will strengthen regulation, intensify… Read More

Regulations Galore Part II: Peer to Peer Lending in China

The China Banking Regulatory Commission (“CBRC”) issued the highly anticipated draft rules for online lending on December 28, 2015. Ever since the State Council guidelines (“the Guidelines”) for the Chinese internet finance industry were issued in July, rumors about the timing of the online lending… Read More

Regulations Galore Part I: Online Payments in China

A flurry of internet finance-related regulatory documents were issued in China last week just before the New Year. On December 28th, the People’s Bank of China (“PBOC”) issued the final rules on online payments while the China Banking Regulatory Commission (“CBRC”) issued the draft rules… Read More

China Banking Regulatory Commission Said to Ban High Risk P2P Products

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

China Banking Regulatory Commission is Circulating Peer to Peer Lending Rules

The China Banking Regulatory Commission (CBRC) is preparing to tighten the regulatory environment for the fast growing peer to peer lending industry. According to multiple reports, rules have been drafted and are being distributed for review by various industry experts and platform operators. An internal… Read More