Sunday, October 25, 2020
Tags China Merchants Bank

Tag: China Merchants Bank

Huawei Teams up with China Merchants Bank to Launch Database Innovation Lab

Chinese telecommunications giant Huawei and joint-stock lender China Merchants Bank (CMB) have launched a new facility for data innovations.

Senior Execs at China Construction Bank, China Merchants Bank Resign for Age-related Reasons

Two of the senior-most executives from a leading big state-owned bank and a top joint-stock lender in China have resigned from their...

ICBC, China Merchants, Ping An Become First Banks to Participate in Mutual Fund Advisory Trials

The Industrial and Commercial Bank of China (ICBC), China Merchants Bank and Ping An Bank are amongst the first group of banks...

China Merchants Bank and JD.com’s Fintech Vehicle Prepare to Launch Direct Online Lender

A leading Chinese commercial bank and the fintech vehicle of JD.com are currently working together to launch a new online direct bank...

China Merchants Bank Sues Everbright Securities Unit over Botched UK Media Acquisition

A legal dispute has arisen between several of China's leading financial institutions over a UK media acquisition which has run aground.

Fintech Enables China Merchants Bank to Drive Micro and Small Enterprise Lending Above 400B Yuan

China Merchants Bank (CMB) has used internet-facilitated fintech to drive financially inclusive lending to small businesses.

Everbright and China Merchants Bank Garner Approval for Wealth Management Subsidiaries

China Everbright Bank and China Merchants Bank have both grabbed approval from Beijing to launch their own wealth management subsidiaries.

Chinese Banks Raise Salaries in 2018, Big Six State-owned Lenders Shed 28,000 Staff

Chinese banks saw a rise in remuneration levels in 2018 in tandem with staff cuts on the back of greater fintech adoption....

China Merchants Bank Expands Use of Blockchain E-Invoices to Funds and Consumer Finance

One of China's leading commercial banks is expanding the scope of use of blockchain-based tax invoices. An executive from the Nanjing branch of China Merchants...

China Merchants Bank Launches Facial Recognition Payments for Enterprise App

One of China's leading commercial lenders has launched the use of facial recognition-based payments for its enterprise app. According to a report from Mpaypass.com.cn, China Merchants...

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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...