Sunday, January 24, 2021
Tags Chinese digital banking

Tag: Chinese digital banking

Postal Savings Bank of China Plans to Launch China’s Third Online Direct Bank

One of China's big six state-owned lenders has flagged plans to launch what will be the country's third online direct bank that...

China Host to 350 Million Active Mobile Banking Users

A new report points to robust growth in the number of mobile and digital banking users in China in 2020.

Digitisation of Chinese Finance Drives Closure of over 2800 Brick-and-Mortar Bank Branches in 2020

The proliferation of fintech in China has led to the widespread closure of brick-and-mortar bank branches over the past two years.

JD.com Teams up with China Merchants Bank to Launch Digital Online Lender

E-commerce giant JD.com and China Merchants Bank (CMB) are teaming up to launch a new digital bank in the Chinese financial hub...

Ant Group Grabs Approval for Digital Banking License in Singapore

Chinese fintech giant Ant Group is behind one of the four successful applicants for Singapore's first round of digital banking licenses.

Online Lender CITIC aiBank Receives 2 Billion Yuan Investment from China CITIC Bank

Baidu-backed online lender CITIC aiBank has just received a major capital infusion from key investor China CITIC Bank.

CITIC aiBank Grabs Approval for Investment from Canadian Pension Fund

Baidu-backed online lender CITIC aiBank has garnered approval from the China Banking and Insurance Regulatory Commission (CBIRC) for a new share issuance...

Regulators Driving Remote Account Opening – What Banks Need to Know

By Stanley Yu, Director, Hong Kong, Fenergo COVID-19 has radically transformed the financial services industry across APAC. With forced...

Digital Lender CITIC aiBank Works with Suning Finance on Supply Chain Project in Nanjing

Baidu-backed digital lender CITIC aiBank (百信银行) and Suning Finance have just launched a cooperative supply chain financing project in the Jiangsu province...

Ping An’s Virtual Bank Commences Operation in Hong Kong

Another virtual bank has officially kicked off operation in Hong Kong following the issuance of licenses by the local monetary authority in...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...