China, Financial Regulation

China's financial regulator promotes new initiative to enhance financial supports to boost domestic consumption
Vendors are busy stocking up on fruits at a wholesale market in Jinhua, East China's Zhejiang Province on December 22, 2024. With the New Year's Day and the Spring Festival holidays approaching, fruit sales have entered the pre-holiday peak season and fruit vendors are making preparations to meet holiday consumption demands. Photo: VCG
China tells lenders to boost financial support for consumption
China's financial regulator urged institutions to boost support for consumption, promising in a statement on Friday to properly relax consumer credit quotas and loan terms as it offers long-term backing to make available large sums.
China boosts financial support to spur consumer spending
BEIJING - China has announced a raft of measures to optimize consumer finance, aiming to stimulate consumption and improve financial services, the country's top financial regulator said on Friday.
China orders banks to boost lending, credit card use to get consumers to spend more
China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order Friday from the country’s financial regulator is part of the ruling Communist Party's latest push to build more confidence among consumers who are opting to save rather than spend,
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