Blog
Blog
Blog
Case Study
6 May, 2021 Author Jiayue HuangRehan Ahmad
The largest banks in China may see easing pressure on their net interest margins, after they stayed in contraction in the first quarter, as lenders may extend fewer loans at the cheapest interest rates.
In the three months ended March 31, Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Bank of China Ltd. and Agricultural Bank of China Ltd. reported lower net interest margins compared with a year ago. Apart from Agricultural Bank of China, which did not disclose its NIM for the fourth quarter of 2020, three other state-backed lenders also reported a quarter-over-quarter contraction in their margins.
China’s crackdown to shake up world’s largest fintech market
Concerns about consumer debt have unnerved authorities in China, especially
as peer-to-peer lending proliferated, bringing fraud, defaults, suicides and street protests with it
Bloomberg
In a four-year campaign to root out risks to China’s financial system, regulators have set upon their biggest target yet: the world’s largest financial technology sector.
All three financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance, taking aim at a sector where loose oversight fueled breakneck growth for companies such as Ant Group and Tencent Holdings’ Wechat Pay. They have the green light from Chinese President Xi Jinping (習近平), who in November last year called on regulators to “dare to” master their supervisory role.
China’s crackdown will shake up world’s largest fintech market Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
A Tencent logo is displayed during the World Internet Conference in Wuzhen, Zhejiang province, China, in November. | REUTERS
Bloomberg Jan 28, 2021
In a four-year campaign to root out risks to China’s financial system, regulators have set upon their biggest target yet: the world’s largest financial technology sector.
All three financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance, taking aim at a sector where loose oversight fueled breakneck growth for companies such as Ant Group Co. and Tencent Holdings Ltd.’s Wechat Pay. They have the green-light from President Xi Jinping, who in November called on regulators to “dare to” master their supervisory role.