news logo
  • News
    • Editorial Cartoons
    • Fintech Ticker
    • Latest News
    • News Roundup
    • Send News Tip
  • Events
    • USA 2023
    • LatAm 2023
  • Pitch Story
    • Pitch Editorial Cartoon
    • Pitch Story
  • Podcasts
    • Fintech Coffee Break Podcast
    • Fintech Nexus News
    • Fintech One-on-One Podcast
    • PitchIt Fintech Startups Podcast
  • Products
    • Sponsored Content
    • Webinars
    • White papers
  • Subscribe
  • Search
  • Sign in
Home
CBRC
Latest
  • Latest
  • Oldest
  • Random
  • A to Z

CBRC

FintechNews Roundup
·Mar. 19, 2018

China Reforms Regulators and Looks to Standardize Blockchain

This week’s WeiyangX’s Fintech Review in Crowdfund Insider covers a Reform plan by China to combine the China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC) into one entity; Ant Financial struck an agreement with Pakistan’s Telenor Group to acquire 45 percent of Telenor Microcredit Bank for more than $184mn; JD Finance is raising more than $2bn for license acquisition, research and marketing; China is also looking to establish a standardization committee for uses of blockchain technology. Source.

Read Full Story
FintechNews Roundup
·Jan. 2, 2018

Suspension of Private Banks Online Lending, Fraud Accusations and More from China

In this week’s WeiyangX Fintech Review reported by Crowdfund Insider they cover the rumors that the CBRC suspended online lending by private banks; private banks were only permitted to be in operation for the last 3 years and this news is reported to be done because of concerns over stability at the banks; a charity crowdfunding platform, Fenbeichou, was accused of fraud; the PBOC released new rules for mobile payment security including all QR code providers now need a permit. Source.

Read Full Story
News RoundupAsia/PacFinance
·Apr. 17, 2017

Financial Industry Regulatory Developments in China

Crowdfund Insider reports on regulatory developments in China's financial services sector; provides some additional insight on the CBRC's newly released document outlining ten high priority risks; according to Crowdfund Insider the chairman of the China Insurance Regulatory Commission (CIRC), Xian Junbo, has now been placed under investigation as the country seeks to regulate the financial services industry overall. Source

Read Full Story
News RoundupAsia/PacOnline Lending
·Mar. 15, 2017

Small-Loan Lenders a New Focus for Chinese P2P Regulation

Chinese regulators are preparing new rules that target the businesses of the country's small-loan lenders; recent rules have capped P2P loans at Rmb200,000 ($28,925) for an individual and Rmb1 million ($144,626) for a company however small-loan lenders fall far below these thresholds and regulators fear the companies do not have adequate risk controls; 2016 data shows China has 8,673 small-loan companies with loans totaling Rmb927 billion ($134.1 billion) and this is in comparison to approximately Rmb673 billion ($97.3 billion) outstanding from P2P lenders; China's small-loan lenders are active in the market, offering a range of lending solutions and reporting small-loan asset securitizations of Rmb82 billion ($11.9 billion) in 2016; as the country continues its focus on tightening regulation for China's P2P lending industry, Li Junfeng, director of the financial inclusion department at the China Banking Regulatory Commission, says it will be specifically addressing new regulations that target the country's small lenders.  Source

Read Full Story
RegulationNews RoundupOnline Lending
·Nov. 29, 2016

China Issues New Guidance Requiring P2P Registration

Chinese regulators have issued new guidance for P2P lenders in further efforts to regulate China's fintech industry; the new guidance requires P2P lenders to register with the government which will also help regulators to build an industry database for development of future regulation; regulators involved with the new guidance include the China Banking Regulatory Commission, the Ministry of Industry and Information Technology and the State Administration for Industry and Commerce.  Source

 

Read Full Story
News RoundupFintech
·Jan. 24, 2018

China’s CBRC Says Blockchain Technology Should Be Adopted by Credit Market

According to a paper by the China Banking Regulatory Commission (CBRC) blockchain technology should be adopted by China’s secondary loan market; as CoinDesk reports the paper came out of a trip made by the regulator to their counterparts in the UK and France; European banks are putting together a program to test blockchain technology for the issuance of syndicated loans; the CBRC also considers blockchain technology to potentially be helpful for automating compliance. Source.

Read Full Story
News RoundupFintech
·Oct. 2, 2017

China’s CBRC Warns of Consumer Lending Risks

The CBRC issued a warning that the surge in consumer loans could pose a risk to the country's lending system; they noted that lenders should not try to push up the consumer leverage ratio and they should take lessons from the US subprime mortgage crisis; recent reviews of loan books show misuse of loans for housing down payments and banks need to stay closer to lending regulations. Source.

Read Full Story
Online LendingNews RoundupAsia/Pac
·Apr. 11, 2017

CBRC Issues New Guidance Regarding P2P Lending in China

The China Banking Regulatory Commission (CBRC) has issued a new guidance document titled, "Guiding Opinions on Risk Prevention and Control in the Banking Sector"; the document targets banking institutions and their risk prevention efforts related to internet finance businesses; it focuses on ten types of high priority risks and emphasizes the requirement that P2P lenders partner with a custody bank; in addition to further details on broad market rectification it also includes emphasis on student lending and microloan businesses. Source

Read Full Story
Online LendingNews RoundupAsia/Pac
·Mar. 3, 2017

Online Lending Activity in China

Crowdfund Insider provides a roundup of news occurring in China's alternative finance market; the China Banking Regulatory Commission has released more details on its guidance for online lending partnerships with custody banks; also noteworthy is the potential initial public offering in the US by China Rapid Finance.  Source

Read Full Story

Popular posts

Today:

  • Podcast 434: Lex Sokolin of Fintech BlueprintPodcast 434: Lex Sokolin of Fintech Blueprint
  • Nubank to boost lending in Brazil to drive revenue growthNubank to boost lending in Brazil to drive revenue growth
  • Brazil’s central bank to tighten onboarding security as Pix frauds proliferateBrazil’s central bank to tighten onboarding security as Pix frauds proliferate
  • DeFi integration - Why TradFi may be the missing pieceDeFi integration – Why TradFi may be the missing piece
  • Is the digital euro near? Prototype exercise results revealedIs the digital euro near? Prototype exercise results revealed

This month:

  • PitchIt Podcast 93: Neha Narkhede and Sachin Kulkarni, Co-Founders, OscilarPitchIt Podcast 93: Neha Narkhede and Sachin Kulkarni, Co-Founders, Oscilar
  • Fintech may be a $1.5 trillion industry by 2030Fintech may be a $1.5 trillion industry by 2030
  • USA 2023: Fintech elite recognized with Fintech Nexus Industry AwardsUSA 2023: Fintech elite recognized with Fintech Nexus Industry Awards
  • USA 2023: Why fintechs shouldn't become banksUSA 2023: Why fintechs shouldn’t become banks
  • USA 2023: U.S. regulators 'playing Whac-A-Mole' with blockchainUSA 2023: U.S. regulators ‘playing Whac-A-Mole’ with blockchain

  • About
  • Contact
  • Disclaimer
  • Our Team
  • Privacy Policy
  • Terms
  • Write For Us
Copyright © 2023 Fintech Nexus
  • Contact Us
  • News
    • Editorial Cartoons
    • News Roundup
  • Our Team
  • Podcasts
  • Sponsored Content
  • Subscribe
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results