Monday, October 26, 2020
Tags Agricultural Development Bank of China

Tag: Agricultural Development Bank of China

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...

Agricultural Development Bank of China Issues over 50 Billion Yuan in Coronavirus Emergency Loans

One of China's big three policy banks has provided over 50 billion yuan in emergency loans to help deal with the impacts...

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...

Banking Regulator Tightens Risk Controls for Policy Banks

The China Banking Regulatory Commission has launched new measures to contain risk exposure for the country's three policy banks. The measures which come into effect...

Agricultural Development Bank of China Expands into Maritime Lending

The Agricultural Development Bank of China has flagged ambitious plans to expand its provision of credit to ocean-related economic activities. The two parties executed the "State Oceanic Administration...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...