Posts Tagged ‘CBRC’
Countdown Looms For BTCC’s Bitcoin Trading End
September 22nd, 2017
As BTCC enters its final week of Bitcoin trading operations, all eyes are on how the impact of the shutdown …
ICOs Are Dead In China As Chinese Government Nixes Cryptocurrencies
September 5th, 2017
Seven Chinese regulatory bodies issued initial coin offering rules that totally ban the practice by cryptocurrency and Bitcoin wannabes. ICOs …
Is P2P Lending Out Of Control In China?
August 22nd, 2016
The China Banking Regulatory Commission appears ready to issue new guidelines that will cap P2P lending and curtail some of …
Alibaba Plans To Open Physical Banks In China
October 20th, 2010
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People’s Bank of China and China Banking Regulatory Commission. The new subsidiary is reportedly jointly invested by Alibaba Group, the people’s government of Zhejiang, Softbank, and CDH Investments. Jack […]
CBRC: No Banks Shall Provide Credit Card Services To Teenagers
July 20th, 2009
The China Banking Regulatory Commission has issued a circular which asks Chinese banks not to provide credit card services to students under 18 years old.
Furthermore, CBRC asks banks to obtain a written consent from parents of students who are over 18 years old stating that the parents pledge to pay off any debt incurred by […]
