Jiangsu Bank

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1. Oct 11
   Over a dozen Chinese banks roll out Token loans, but disbursements stay cautious

   Since 2026, more than a dozen Chinese banks have launched “Token loan” products that use token consumption as a credit reference, with Agricultural Bank of China, Bank of China, CITIC Bank, Minsheng Bank, Hua Xia Bank, Industrial Bank and Bank of Beijing among those rolling out programs, plus a cross-border “token export loan” in Shantou. Banks still focus on repayment capacity, cross-checking orders, cash flow, receivables and tax data, and actual disbursements lag credit lines — Bank of China’s Guangzhou branch had granted 28 million yuan across five borrowers by mid-September 2026 but disbursed only 8 million yuan. Academician Wu Hequan said China’s daily token calls exceeded 500 trillion as of August 2026, and the National Data Administration designated “词元” as the official Chinese term for Token in March.

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