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Chinese digital banks
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Chinese digital banks
Fintech
Digital Lender XWBank Sees YoY Drop in Net Profits of 14.81% in First Half of 2020
CBNEditor
-
August 18, 2020
0
Net profits of Sichuanese direct bank XWBank were hard hit in the first half of 2020 by the COVID-19 pandemic.
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Fintech
Xiaomi’s Virtual Lender Airstar Bank Kicks off Official Operation in Hong Kong
CBNEditor
-
June 11, 2020
0
Virtual lender Airstar Bank announced the official launch of operation on 11 June, as one of seven digital banks licensed to operate...
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Banking
XWBank and China’s Policy Banks to Provide Interest Free Vouchers via Alipay for 10 Billion Yuan in Small Business Loans
CBNEditor
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May 19, 2020
0
Private online lender XWBank is working with China's big three policy banks to provide interest free loans to businesses in 81 cities...
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Banking
Digital Lender XWBank Unveils New Senior Management Team
CBNEditor
-
May 11, 2020
0
Sichuan-based digital lender XWBank has appointed a new team of senior executives following the departure of former president Zhao Weixing in late...
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Banking
Hong Kong Monetary Authority Flags “Soft Launch” of Virtual Banking Services in Fourth Quarter
CBNEditor
-
October 7, 2019
0
The Hong Kong Monetary Authority (HKMA) has flagged the launch of the territory's first virtual banking services before the end of the...
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Banking
Hong Kong Digital Banks Expected to Focus on Mobile Payments and Micro-Loans
CBNEditor
-
June 24, 2019
0
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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Most Read
Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO
Fintech
CBNEditor
-
October 23, 2020
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
Economy
CBNEditor
-
October 23, 2020
0
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
Economy
CBNEditor
-
October 23, 2020
0
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
-
October 23, 2020
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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