Tuesday, December 1, 2020
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Tag: MYBank

Chinese Policy Bank ADBC Enters Cooperative Agreement with Alibaba’s Online Lender MYBank

Agricultural Development Bank of China (ADBC) and Alibaba-backed MYBank have launched what is reportedly the first comprehensive strategic partnership between a policy...

100 Chinese Banks Sign up for MYbank’s “Non-contact” Micro-Loan Plan to Help Mitigate Coronavirus Impacts

More than 100 banks in China have signed up for a new fintech-driven plan to provide greater lending assistance to micro-enterprises around...

MYBank Extends 25 Billion Yuan in Low Cost Loans to Small Vendors to Help Weather Coronavirus

Ant Financial's online lender MYBank (网商银行) has extended a sizeable volume of low interest or interest free loans to small-scale merchants amidst...

Jack Ma’s MYBank Grabs Greenlight for First Share Capital Increase

Ant Financial-backed online lender MYBank plans to raise funds via its first increase in share capital according to official documents.

MYBank Teams up with Chinese Policy Bank to Boost Financial Inclusion in Xiong’an

Ant Financial-backed online lender MYBank (网商银行) has become the first financial institution to team up with a new micro-loan body launched in...

MYBank Expected to Increase Capital to 10B Yuan with Ant Financial’s Assistance

Alibaba-backed online lender MYBank (网商银行) is reportedly planning its first capital increase in the four years since its founding.

Ant Financial’s MYBank Sees 10-fold Increase in Small Enterprise Customers in Three Years

Ant Financial-backed internet lender MYBank hopes to bring its online financial services to "all roadside stalls in China" after posting surging client...

Online Banks Outperform China’s Conventional Lenders in 2018

The latest financial reports of China's online banks points to a bumper year in 2018, far outpacing the performance of listed domestic...

Ant Financial’s MYBank Slashes Interbank CD Issuance Plans, Shifts Focus to Retail Deposits

Online lender MYBank (网商银行) has flagged a sharp reduction in its issuance of interbank certificate of deposit (CD) this year, and increased...

Tencent Leads Chinese Tech Giants in Online Banking

Tencent has emerged as the leading player amongst China's online tech giants when it comes to lending operations via online direct banks.

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...