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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
-
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
Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor
Banking
CBNEditor
-
April 14, 2021
0
The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms
Finance
CBNEditor
-
April 14, 2021
0
The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March
Economy
CBNEditor
-
April 14, 2021
0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021
Banking
CBNEditor
-
April 14, 2021
0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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