Thursday, April 15, 2021
Tags Chinese direct bank

Tag: Chinese direct bank

Online Lender XWBank Accused of Levying Excessive Services Fees for Vehicle Loans

Sichuan-based direct lender XWBank (新网银行) stands accused of driving up financing costs for consumers by means of exorbitant services fees.

Baidu Teams up with CITIC aiBank to Launch Baidu Flash Payments “Card”

Chinese search giant Baidu has teamed up with direct lender CITIC aiBank to launch a new "non-physical" card for flash payments.

Tencent-backed Virtual Bank Changes Name from Infinium to Fusion Bank

A holder of one of the new virtual banking licenses issued by the Hong Kong Monetary Authority has announced the change of...

Bank of Beijing and ING’s New Digital Bank to be China’s First Foreign Controlled Lender

Municipal lender Bank of Beijing is teaming up with Dutch financial giant ING to launch a digital bank in China.

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...