Tags Chinese direct banking

Tag: Chinese direct banking

Banking

Postal Savings Bank of China Plans to Launch China’s Third Online Direct Bank

CBNEditor - December 23, 2020 0

One of China's big six state-owned lenders has flagged plans to launch what will be the country's third online direct bank that...

Banking

Online Lender CITIC aiBank Receives 2 Billion Yuan Investment from China CITIC Bank

CBNEditor - December 7, 2020 0

Baidu-backed online lender CITIC aiBank has just received a major capital infusion from key investor China CITIC Bank.

Fintech

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

CBNEditor - March 27, 2020 0

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

Fintech

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

CBNEditor - January 14, 2020 0

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

Banking

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

CBNEditor - December 16, 2019 0

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

Banking

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

CBNEditor - November 13, 2019 0

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

Banking

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

CBNEditor - August 21, 2019 0

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

Banking

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

CBNEditor - July 30, 2019 0

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

Banking

Online Banks Outperform China’s Conventional Lenders in 2018

CBNEditor - May 14, 2019 0

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

Banking

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

CBNEditor - May 11, 2019 0

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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Tag: Chinese direct banking

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