Saturday, October 31, 2020
Tags Chinese direct banking

Tag: Chinese direct banking

Fintech

Online Lender XWBank Posts 205.4% Growth in Net Profits in 2019

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Sichuan-based direct lender XWBank has seen a surge in profitability in 2019. As of...
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Fintech

China to Debut Regulations for Exclusively Online Banks, Facilitate Platform Development by Foreign Lenders

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China's financial authorities are currently in the process of finalising the country's first ever regulations on exclusively online banking operations, according to...
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Banking

Jack Ma’s MYBank Grabs Greenlight for First Share Capital Increase

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Ant Financial-backed online lender MYBank plans to raise funds via its first increase in share capital according to official documents.
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Banking

China Merchants Bank and JD.com’s Fintech Vehicle Prepare to Launch Direct Online Lender

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A leading Chinese commercial bank and the fintech vehicle of JD.com are currently working together to launch a new online direct bank...
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Banking

Sichuan Online Lender XWBank Sees 224% YoY Surge in Net Profits

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Sichuan-based online lender XWBank has posted a YoY surge in net profits in the first half of 2019.
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Banking

MYBank Expected to Increase Capital to 10B Yuan with Ant Financial’s Assistance

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Alibaba-backed online lender MYBank (网商银行) is reportedly planning its first capital increase in the four years since its founding.
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Banking

Online Banks Outperform China’s Conventional Lenders in 2018

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The latest financial reports of China's online banks points to a bumper year in 2018, far outpacing the performance of listed domestic...
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Banking

51 Credit Card Enters Comprehensive Strategic Cooperation with CITIC aiBank, Releases “T+” Plan

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Chinese credit card company 51 Credit Card (51信用卡) is teaming up with Baidu-backed direct lender CITIC aiBank (百信银行) to cooperate on fintech...
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Banking

Ant Financial’s MYBank Commits to Being “Idiotic” about Financial Inclusion Following Low Profits in 2018

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Online lender MYBank has attributed its poor profit performance in 2018 to efforts to expand financial inclusion for micro and small enterprises...
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Banking

Bank of Hangzhou’s Direct Banking Clients Surge 113.69% in 2018

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Municipal lender Bank of Hangzhou posted a surge in its direct banking clients in 2018.
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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

Banking CBNEditor - 0
The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...
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ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

Fintech CBNEditor - 0
ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Fintech CBNEditor - 0
Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.
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Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

Banking CBNEditor - 0
The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...
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