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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
TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function
Fintech
CBNEditor
-
January 20, 2021
0
Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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China’s Loan Prime Rate Unchanged for Nine Straight Months in January
Banking
CBNEditor
-
January 20, 2021
0
China’s loan prime rate (LPR) has remained unchanged for the ninth consecutive month in January 2021.
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China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion
Economy
CBNEditor
-
January 20, 2021
0
The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies
Economy
CBNEditor
-
January 20, 2021
0
The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...
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