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  • China establishes long-term guaranttee for financing in market-oriented grain purchase

    A total of16 provinces nationwide in China(including 13 major grain-producing provinces) have established grain purchase loan credit guarantee funds, with a total fund scale of 7.5 billion yuan, statistics from National Food and Strategic Reserves Administration showed.

    July10,2020


  • China's 10 banks offer 160-bln-yuan special credit support for Shanghai Pudong's enterprises

    China's ten banks including the Bank of China will provide 160 billion yuan of special credit support for enterprises in Shanghai's Pudong New Area, in a bid to help enterprises go through financial difficulties, according to an agreement signed between representatives from banks and enterprises.

    June18,2020


  • China's banks offer 350-bln-yuan credit support for epidemic control

    China's banks had provided over 349 billion yuan (about 50.06 billion U.S. dollars) of credit support as of Tuesday noon to help companies restore production amid the fight against the novel coronavirus outbreak.

    February13,2020


  • China's social credit system to better support business environment improvement, report

    China's social credit system will better support the improvemen of urban business environment, concluded the Annual Report on Chinese Cities Credit Construction (2018-2019)released by Xinhua-owned China Economic Information Service (CEIS) recently.

    September25,2019


  • China makes significant progress in building urban credit system

    China has witnessed notable progresses in constructing the credit system of Chinese cities, according to experts attending the 2019 Forum for Credit System Construction of Chinese Cities held in Jinan, east China on Tuesday.

    September25,2019


  • China's online micro-credit provider Qudian proposes convertible debt offering

    Qudian Inc., a Chinese online small consumer credit provider, announced Tuesday a proposed offering of 250 million U.S. dollars in convertible senior notes.

    June26,2019


  • China credit growth picks up in May

    China's credit growth picked up in May as new bank loans rebounded thanks to increasing policy support.

    June13,2019


  • Insurers expected to trade part of financial derivatives, report

    Chinese insurers may be approved to trade credit risk mitigation tools and credit protection instruments to further diversify their tools for risk control, reported Shanghai Securities News Monday.

    May13,2019


  • SSE sees credit protection contract sold for backing private firm bond financing

    Shanghai Stock Exchange (SSE) recently witnessed a credit protection contract sold to support a Chinese private firm's bond financing for its Belt and Road-related project, reported Xinhua-run Shanghai Securities News Monday.

    April08,2019


  • First ABS credit protection contract listed in SSE

    Shanghai Stock Exchange (SSE) witnessed recently issuance of the first asset-backed securities (ABS)-based credit protection instrument, reported China Securities Journal citing SSE Friday.

    March29,2019


  • China's e-commerce hub to build credit evaluation mechanism

    China's e-commerce hub Hangzhou, capital of Zhejiang Province, plans to build a credit evaluation mechanism in two years to regulate the city's e-commerce players, local authorities have said.

    January04,2019


  • Beijing to register "credit scores" for all citizens by 2020

    Beijing municipality will complete a project to register "credit scores" for all permanent residents by 2020, the local economic planner said Wednesday.

    November22,2018


  • High-end hotels ban debt defaulters in Chongqing

    High-end hotels in southwest China's Chongqing Municipality have been required to ban debt defaulters

    August06,2018


  • Chinese micro-credit firms shrink in number, outstanding loans in Q1

    China's micro-credit firms shrank in number and in outstanding loans in the first quarter of this year, central bank data showed Wednesday.

    April26,2018


  • Chinese banks report steady growth in green credit

    Chinese banks have steadily increased credit support for green industries, data from the banking regulator have showed.

    February12,2018


  • China micro-credit firms' outstanding loans at 979.9 bln yuan

    Outstanding loans extended by China's micro-credit companies amounted to 979.9 billion yuan (153.8 billion U.S. dollars) by the end of 2017, data from the central bank showed Thursday.

    January26,2018


  • Vietnam's credit growth forecast at 19 pct in 2018

    Vietnam's credit growth is much likely to stand at 18-19 percent in 2018, similar to the rates in the last three years, the National Financial Supervisory Commission said on Monday.

    January08,2018


  • NDRC to collaborate with Alibaba to build credit system

    China's National Development and Reform Commission joins hands with e-commerce giant Alibaba Group Holding Ltd in building a credit system to better regulate businesses in the country.

    December05,2016


  • China starts credit default swap trading to lessen bond risks

    Ten Chinese financial institutions, mostly banks, have conducted the first batch of credit default swap (CDS) transactions.

    November04,2016


  • China's difficulties overestimated by rating agencies: Official

    Rating agencies have overstated China's economic difficulties when lowering the outlook on its sovereign credit rating from stable to negative, an official said Friday.

    April05,2016


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