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2 months ago | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
Explore the story in 3 minutesWu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes.
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2 months ago | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
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Wu Qing found himself in an overwhelming predicament as his loan repayments piled up.
The owner of a small garment factory in Shandong province, he had borrowed 300,000 yuan ($41,000) in personal business loans in late 2019 to expand production as his business took off. When the pandemic struck, however, his operations faltered.
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Jan 19, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
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Jan 19, 2025 | 
caixinglobal.com | Wu Yujian |Liu Ran |Quan Yue |Wang Liwei
Latest Cover Story | Coping with Low Interest Rates (AI Translation)最新封面报道｜应对低利率 Explore the story in 3 minutes[para. 1] Li Zhen recently faced a dilemma renewing her matured time deposit as China's interest rates have markedly declined in recent years. What was once a 4.2% annual yield now hovers around 1.6% at major banks, illustrating a shift towards an "era of low interest rates" in China's financial markets. [para.
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Jan 19, 2025 | 
flipboard.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue |Han Wei
9 hours ago‘Historic Grift’: Trump’s Memecoin Creates Billions Out of NothingPresident-elect Donald Trump’s new cryptocurrency became the second-largest meme coin by market cap over the weekend, creating a potential windfall …1 day agoUnitedHealth CEO finally addresses outrageAndrew Witty, CEO of UnitedHealth Group, responds to America's frustrations.
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Jan 19, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue
00:00/00:00
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When Li Zhen went to renew the 50,000 yuan ($6,824) she had locked into a 5-year fixed deposit back in 2020, she was taken aback by the bank’s latest offering. The interest rate for same term deposits at large state-owned banks had fallen to around 1.6%, a stark contrast to the 4.2% she had earned five years ago.
Finding a reliable, safe alternative with decent returns is no easy task.
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Jan 18, 2025 | 
caixinglobal.com | Wu Yujian |Liu Ran |Quan Yue |Wang Liwei
最近，李真（化名）2020年初在银行存的一笔5万元5年期定期存款到期了，按照当时4.2%的年利率算，她拿到了10477元的利息。不过，当她准备续存时却犯了愁，如今国有大行的5年期定期存款利率只有1.6%左右，即使一些小规模民营银行，最高也只有不到3%。想寻找其他收益稳定且安全没有后顾之忧的替代产品并不容易，因为无论是银行理财还是货币基金，年化收益率超过3%的都不多。
Recently, Li Zhen (a pseudonym) found that the five-year fixed deposit of 50,000 yuan she placed in early 2020 had matured. At the then annual interest rate of 4.2%, she received 10,477 yuan in interest.
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Nov 22, 2024 | 
caixinglobal.com | Liu Ran |Zhang Yuzhe |Qing Na
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Speculation about Ant Group Co. Ltd.’s potential IPO revival has intensified as the shortest waiting period, triggered by earlier governance changes that eliminated the Chinese fintech giant’s actual controller, is nearing its end.
The company has yet to comment, but the market has already reacted, with companies linked to Ant Group seeing their share prices surge in recent days.
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Nov 20, 2024 | 
caixinglobal.com | Liu Ran
文｜财新周刊 武晓蒙 刘冉By Caixin Weekly's Wu Xiaomeng and Liu Ran 资产质量是商业银行经营的生命线。上市银行2024年中报披露后，市场将更多目光投向了零售贷款，部分银行个人经营贷不良率攀升引起关注。Asset quality is the lifeline of commercial banking operations. Following the disclosure of the 2024 interim reports by listed banks, the market has turned more of its attention to retail loans, with the rising non-performing loan ratios in personal business loans at some banks catching the eye.
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Nov 20, 2024 | 
caixinglobal.com | Wu Xiaomeng |Liu Ran |Qing Na
Explore the story in 3 minutesThe Chinese government's initiative to boost lending to small businesses during the pandemic has begun to raise alarm among Chinese banks due to increasing misappropriation of these funds, particularly exacerbated by China's persistent real estate slump [para. 1].
