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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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PBOC GAUGES ONLINE LOANS
The PBOC is studying the scale of online consumer loans
jointly issued by banks and fintech companies such as Ant Financial,
seeking to gauge current balances, average interest rates and
non-performing rates so it can formulate corresponding measures, the Beijing
Business Today reported. A total of 24 banks received requests
from the PBOC's Survey and Statistics Department yesterday to report
their co-lending with Ant Financial, the newspaper said. China's
joint-lending market has reached about CNY2 trillion, involving hundreds
of banks, and Ant Financial has more than half of the market, the
newspaper said.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.