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Chinese direct banking
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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...
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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.
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Fintech
Online Lender XWBank Posts 205.4% Growth in Net Profits in 2019
CBNEditor
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March 27, 2020
0
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
CBNEditor
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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...
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Banking
Jack Ma’s MYBank Grabs Greenlight for First Share Capital Increase
CBNEditor
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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.
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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...
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Banking
Sichuan Online Lender XWBank Sees 224% YoY Surge in Net Profits
CBNEditor
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August 21, 2019
0
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
CBNEditor
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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.
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Banking
Online Banks Outperform China’s Conventional Lenders in 2018
CBNEditor
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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...
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Banking
51 Credit Card Enters Comprehensive Strategic Cooperation with CITIC aiBank, Releases “T+” Plan
CBNEditor
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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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor
Banking
CBNEditor
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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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