Sunday, October 25, 2020
Tags Chinese virtual bank

Tag: Chinese virtual bank

Hong Kong Fintech Platform WeLab Bank Grabs $156 Million in Series C Financing Round

Hong Kong virtual bank licensee WeLab Bank has just completed one of China's biggest fintech fundraising rounds for 2019.

Tencent-backed Virtual Bank Changes Name from Infinium to Fusion Bank

A holder of one of the new virtual banking licenses issued by the Hong Kong Monetary Authority has announced the change of...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...