Posts From Asean Today
Unqualified P2P Chinese Platforms Under New Policy
The China Banking Regulatory Commission (CBRC) on 24th August officially released “Interim Measures for Administration of Peer-to-Peer Lending Information Intermediaries” (hereafter referred to as “Measures”). An information intermediary rather than a financial institution defines a P2P lending institution or platform.
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Chaos Among Chinese School Students Taking Out Unregulated Loans
While China’s Banking Regulatory Commission (CBRC) doesn’t allow banks to issue credit cards to college students below 18, they tend to find alternative methods of paying their studying loans, like “naked” loans through P2P lending platforms. There have even been
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Vietnam Banks Dominate ASEAN Top 100 – But The Future’s in Your Pocket
Vietnamese lenders make up a fifth of the top 100 ASEAN banks in 2016 says The Banker, a leading financial industry publication. It is an interesting situation. Vietnam’s banks actually have 19 representatives on the top 100 list this year,
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