The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring. ( read original story …)
FINANCE
China’s Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight
New rules would require online lending companies like Ant to provide 30 percent of funding for loans, and firms would be banned from operating outside provincial bases without approval from a watchdog … ( read…
Joe Biden cabinet: US Treasury Secretary pick Janet Yellen faces huge challenge to reconcile China trade policy, support American economy
Janet Yellen will step into a difficult role as US Treasury Secretary, facing the immediate need to support a domestic economy at risk of slowing significantly due to the latest surge in the … (…
China’s central bank says it will make monetary policy more flexible, targeted
China will keep the macro-leverage ratio basically stable, and improve the bond default risk prevention and disposal mechanism, the People’s Bank of China said … ( read original story …)
UPDATE 1-China will make monetary policy more flexible, targeted – c.bank
China’s central bank said on Thursday it will make prudent monetary policy more flexible and targeted, and reiterated it will not resort to flood-like stimulus. ( read original story …)
China will make monetary policy more flexible, targeted – c.bank
BEIJING, Nov 26 (Reuters) – China’s central bank said on Thursday it will make prudent monetary policy more flexible and targeted, and reiterated it will resort to flood-like stimulus. China will keep … ( read…
China shares end higher as financials lead rebound
* Shanghai stocks +0.22%, blue-chip CSI300 index +0.18% * Stocks turn higher in afternoon session, financials lead * NEV firms continue to slump on government probe into projects SHANGHAI, Nov … ( read original story…
China’s short-term rates sink as rumours swirl of government support
Chinese government-backed entities may be stepping in to relieve investor anxiety following a string of high-profile bond defaults, traders and investors say, sending short-term borrowing costs … ( read original story …)
Property firm China Overseas Land & Investment shrugs aside Beijing funding curbs to acquire Zhuhai plot for record US$1.6 billion
Property developer China Overseas Land & Investment (Coli) has shrugged aside tightening government curbs on financing to acquire a residential and commercial plot in Zhuhai for the record sum of 10.5 … ( read original…
A Financial Alliance Won’t Help China and Russia Dethrone the US Dollar
China and Russia have sought to drastically reduce their reliance on the U.S. dollar to mitigate the impact of any U.S. coercive economic action against them. The two countries want to create a new ……
Finance Leaders Share Their Resolutions for 2021
Mastercard’s Ann Cairns, BlackRock’s Philipp Hildebrand, and the BIS’s Benoît Cœuré share their rituals, achievements, and goals. ( read original story …)
China Stocks Retreat the Most in 3 Weeks on Liquidity Jitters
China stocks fell by the most this month on concern that liquidity conditions in the financial system are not strong enough to support recent gains. ( read original story …)
Regulatory Pressure Mounts on Coal Miner that Rattled China’s Bond Market
An investigation into the troubled Chinese state-owned Yongcheng Coal & Electricity Holding Group was escalated to the country’s securities regulator … ( read original story …)
