Loan

China’s ICBC Bank Funds Private Firms to the Tune of USD1.4 Billion

China’s ICBC Bank Funds Private Firms to the Tune of USD1.4 Billion

Industrial and Commercial Bank of China has extended nearly CNY10 billion (USD1.4 billion) in financing to private companies within one…

Nov 12, 2018
Xu Wei
South Africa Plugs Gold, Diamonds and Rooibos Tea at China Import Expo

South Africa Plugs Gold, Diamonds and Rooibos Tea at China Import Expo

South Africa will promote the country’s Rooibos tea at the inaugural China International Import Expo in Shanghai, in addition to its more traditionally well-known exports -- gold and diamonds.

Nov 6, 2018
Fan Zhijing
Evergrande Is Said to Seek USD1.5 Billion Loan Using HK Tower as Collateral

Evergrande Is Said to Seek USD1.5 Billion Loan Using HK Tower as Collateral

China Evergrande Group is reportedly in talks with financial institutions to borrow about USD1.5 billion to settle overseas debts and pay dividends by leveraging a part-paid Hong Kong office block.

Oct 24, 2018
Liao Shumin
World Bank Provides USD600 Million to Bolster China’s Water Supply

World Bank Provides USD600 Million to Bolster China’s Water Supply

The World Bank has rubber-stamped three loans worth USD600 million to help China improve water supply and sewage treatment infrastructure.

Jun 12, 2018
Liao Shumin
Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant. China’s leading ride-hailing firm Didi Chuxing Technology…

May 15, 2018
Liao Shumin
IMF-World Bank Spring Meeting May Increase China’s Voting Rights, Reduce Its Borrowing

IMF-World Bank Spring Meeting May Increase China’s Voting Rights, Reduce Its Borrowing

All stakeholders are expected to discuss the issue of World Bank’s capital increase protracted by the Trump administration for nearly…

Apr 18, 2018
Feng Difan
China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s commercial banks have decided to raise mortgage rates for first-time homebuyers. The decision comes despite the overall credit line…

Feb 27, 2018
Tang Shihua
China’s Broad Money Supply Growth in January Beat Market Expectations

China’s Broad Money Supply Growth in January Beat Market Expectations

China’s broad money supply (M2) and lending growth surpassed market expectations for last month, though expansion in social financing, a…

Feb 13, 2018
Xu Wei
China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank (CDB) committed more than USD250 billion in loans by the end of last year.

Jan 16, 2018
Xu Wei
Growth in Shanghai’s Personal Housing Loans Continued to Lose Momentum in August, PBOC Says

Growth in Shanghai’s Personal Housing Loans Continued to Lose Momentum in August, PBOC Says

Shanghai’s individual housing loan growth continued to decline last month with an annual increase of CNY9.02 billion (USD1.38 billion), CNY15.5 billion less than the…

Sep 19, 2017
Dou Shicong
China’s Education Ministry Reiterates P2P Lenders May Not Provide Loans to College Students

China’s Education Ministry Reiterates P2P Lenders May Not Provide Loans to College Students

Peer-to-peer lenders are banned from offering loans to students and taking advantage of their limited financial knowledge, Zhao Jianjun, deputy…

Sep 6, 2017
Zhang Xia