Friday, April 16, 2021
Tags Chinese online bank

Tag: Chinese online bank

CITIC aiBank Grabs Approval for Investment from Canadian Pension Fund

Baidu-backed online lender CITIC aiBank has garnered approval from the China Banking and Insurance Regulatory Commission (CBIRC) for a new share issuance...

Chinese Policy Bank ADBC Enters Cooperative Agreement with Alibaba’s Online Lender MYBank

Agricultural Development Bank of China (ADBC) and Alibaba-backed MYBank have launched what is reportedly the first comprehensive strategic partnership between a policy...

Tencent-backed WeBank Wins Award for Best Digital Bank in the Asia-Pacific

Tencent-backed digital lender WeBank has been named the Best Digital Bank in the Asia-Pacific for 2020 by leading financial publication The Asian...

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

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

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...