^

Banking

China slows down lending

-
August 11, 2009 | 12:00am

MANILA, Philippines - The China Banking Regulatory Commission (CBRC) has stepped in to slow down lending in China after a record $1.08 trillion loans in the first half of the year.

The CBRC released two new circulars requiring banks to ensure that the loans are channeled into essential projects to spur the economy.

Meanwhile, Citibank China has been granted approval by the CBRC to open a branch in the southwestern municipality of Chongqing.

APPROVAL

BANKING

BANKS

BRANCH

CBRC

CHANNELED

CHINA

CHINA BANKING REGULATORY COMMISSION

CHONGQING

CITIBANK CHINA

LOANS
  • Latest
Latest
Latest
abtest
GCash represents the Philippines on the global sustainability stage at Madrid positive impact summit
brandSpace
December 6, 2024 - 7:00pm

GCash represents the Philippines on the global sustainability stage at Madrid positive impact summit

December 6, 2024 - 7:00pm
Innovative financial technology solutions that leverage AI help underserved individuals shift from informal, exploitative...
Banking
fbtw
GCash collaborates with LGUs, MSMEs to advance digital financial inclusion
brandSpace
December 4, 2024 - 4:05pm

GCash collaborates with LGUs, MSMEs to advance digital financial inclusion

December 4, 2024 - 4:05pm
In pursuing digital financial inclusion, the Philippines' leading finance app and largest cashless ecosystem GCash recognizes...
Banking
fbtw
With BDO, life is easy like Sunday morning
brandSpace
November 25, 2024 - 9:35am

With BDO, life is easy like Sunday morning

November 25, 2024 - 9:35am
BDO’s Payroll Package is exactly what employees are seeking today. Whether for a large corporation or a growing SME,...
Banking
fbtw
Maybank Philippines upgrades digital banking experience with all-new M2U app
October 8, 2024 - 7:00am

Maybank Philippines upgrades digital banking experience with all-new M2U app

October 8, 2024 - 7:00am
Maybank Philippines is pleased to announce the unveiling of its upgraded Maybank2U PH (M2U) mobile app.
Banking
fbtw
Getting a home loan is easy when you're prepared (3 basics you need to know)
brandSpace
September 18, 2024 - 10:00am

Getting a home loan is easy when you're prepared (3 basics you need to know)

By May Dedicatoria | September 18, 2024 - 10:00am
Here are three basic requirements for securing that much-awaited home loan:
Banking
fbtw
Chinabank credit card ready in 30 minutes with new instant issuance
September 18, 2024 - 8:00am

Chinabank credit card ready in 30 minutes with new instant issuance

September 18, 2024 - 8:00am
In just a few simple steps, you’ll have a Credit Decision within 30 minutes from the point of application submission...
Banking
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with