Wednesday, April 14, 2021
Tags Chinese digital bank

Tag: Chinese digital bank

Online Lender XWBank Accused of Levying Excessive Services Fees for Vehicle Loans

Sichuan-based direct lender XWBank (新网银行) stands accused of driving up financing costs for consumers by means of exorbitant services fees.

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...

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...

Tencent-backed WeBank Wins Award for Best Digital Bank in the Asia-Pacific

Tencent-backed digital lender WeBank has been named the Best Digital Bank in the Asia-Pacific for 2020 by leading financial publication The Asian...

Bank of Beijing and ING’s New Digital Bank to be China’s First Foreign Controlled Lender

Municipal lender Bank of Beijing is teaming up with Dutch financial giant ING to launch a digital bank in China.

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...