Sunday, October 25, 2020
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Tag: China Merchants Bank

Banking

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

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

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

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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...
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Finance

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

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

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

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

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

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

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

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

Everbright and China Merchants Bank Garner Approval for Wealth Management Subsidiaries

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

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

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

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

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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...
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Banking

China Merchants Bank Launches Facial Recognition Payments for Enterprise App

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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

Fintech CBNEditor - 0
Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...
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China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

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China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

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Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

Fintech CBNEditor - 0
A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...
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