Chinese Ridesharer DiDi Plans to Launch Private Bank in Tianjin
Ridesharing giant DiDi Chuxing has ambitions to expand its presence in the Chinese financial and fintech sectors…
Chinese banking
Rural Commercial Banks of the Yangtze River Delta Issue Cooperative Declaration
A group of rural commercial banks situated in the Yangtze River Delta region have unveiled plans to…
Mobile Banking Transaction Value Rises 11.86% in 2018, Online Banking Transactions up 30.13%
New data from China’s peak body for the banking sector points to a sizeable rise in mobile…
Chinese Regulators Crack Down on Use of Smart Deposits to Offer Covert High Interest
Chinese banks have commenced the withdrawal of their smart deposit offerings following efforts by financial regulators to…
Mobile Banking Clients of China’s Big Five State-owned Banks Exceed 1 Billion
Finance consumers in China are making increasing use of the mobile banking services provided by the country’s…
Chinese Shadow Banking Sector Declines for First Time in over a Decade
Research from Moody’s indicates that in 2018 the Chinese shadow banking sector posted its first contraction in…
White Paper on Chinese Direct Banking Says Smaller Lenders Are Taking the Lead
A new white paper on China’s fledgling direct banking sector points to the leading role played by…
Charge Towards Smart Banking, Mobile Banking Culls Teller Staff in China
The charge towards mobile banking and artificial intelligence-abetted “smart banking” in China has led to a sharp…
Artificial Intelligence Will Transform Traditional Banking: China Merchants Bank
One of China’s leading commercial banks is touting its use of artificial intelligence to transform traditional financial…
Big State-owned Banks Dominate Top Honours at Chinese Banking Sector Fintech Awards
Vice-chair of the People’s Bank of China Fan Yifei (范一飞) has hailed the changes wrought by the…
