Monday, January 25, 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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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...