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Credit Card Defaults Surge, NPL Rates Exceed 4% in Parts of China
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Xi Jinping Hails “Complete Victory” in China’s Efforts to Eradicate Extreme Poverty
Economy
CBNEditor
-
February 26, 2021
0
Chinese President Xi Jinping has publicly hailed the success of China's efforts to eradicate extreme poverty in the country's rural countryside.
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Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources
Finance
CBNEditor
-
February 26, 2021
0
Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...
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World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President
Banking
CBNEditor
-
February 26, 2021
0
China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...
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Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform
Banking
CBNEditor
-
February 26, 2021
0
The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...
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