Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

According to a circular from the general office of the State Council, China will establish a ministry-level joint meeting on the management and supervision of loan guarantee services.

The World Wildlife Fund and the Financial Research Institute of the People's Bank of China have jointly issued a report on the sustainable development strategy of China's banking sector.

According to the 2007 China Anti-money Laundering Report released by the People's Bank of China, 4,533 financial institutions were subject to on-site inspection by the central bank, and 350 of these were punished for infringements of the regulations with the total fines amounting to CNY26.52 million.

Guizhou Provincial Environmental Protection Bureau, Guiyang sub-branch of the People's Bank of China and China Banking Regulatory Commission Guizhou Bureau have jointly issued a document saying that the three departments will implement Green Credit policies.