Saturday, October 24, 2020
Tags Chinese digital banks

Tag: Chinese digital banks

Digital Lender XWBank Sees YoY Drop in Net Profits of 14.81% in First Half of 2020

Net profits of Sichuanese direct bank XWBank were hard hit in the first half of 2020 by the COVID-19 pandemic.

Xiaomi’s Virtual Lender Airstar Bank Kicks off Official Operation in Hong Kong

Virtual lender Airstar Bank announced the official launch of operation on 11 June, as one of seven digital banks licensed to operate...

XWBank and China’s Policy Banks to Provide Interest Free Vouchers via Alipay for 10 Billion Yuan in Small Business Loans

Private online lender XWBank is working with China's big three policy banks to provide interest free loans to businesses in 81 cities...

Digital Lender XWBank Unveils New Senior Management Team

Sichuan-based digital lender XWBank has appointed a new team of senior executives following the departure of former president Zhao Weixing in late...

Hong Kong Monetary Authority Flags “Soft Launch” of Virtual Banking Services in Fourth Quarter

The Hong Kong Monetary Authority (HKMA) has flagged the launch of the territory's first virtual banking services before the end of the...

Hong Kong Digital Banks Expected to Focus on Mobile Payments and Micro-Loans

Domestic analysts expect Hong Kong's first cohort of licensed digital banks to commence operation before the end of the year, as well...

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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...