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Monthly Archives: April, 2019

Combined Profits of China’s Big Six Banks Exceed 1 Trillion Yuan in 2018

The cumulative profits of China's big six state-owned banks breached the one trillion yuan threshold in 2018 on the back of healthy interest rate...

Chinese Central Bank Pushes for Further Mobile Payments Expansion

The People's Bank of China (PBOC) has called for increased reform of the Chinese payments sector including greater adoption of mobile payments. On 29...

Tencent Cloud and WeBank Launch Fintech Lab to Explore Open Banking in China

Tencent-backed online lender WeBank (微众银行) has teamed up with Tencent's cloud platform to launch a new fintech research lab. Tencent Cloud (腾讯云) and WeBank...

Hong Kong’s Qupital Obtains $15M in Series A Funding from CreditEase FinTech

Hong Kong fintech startup Qupital has obtained USD$15 million in Series A round financing to improve its supply chain finance offering and drive expansion...

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