Friday, March 5, 2021
Tags Chinese online banking

Tag: Chinese online banking

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

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...

Former Head of Chinese Central Bank Highlights Four Key Points for Regulation of Internet Finance

Dai Xianglong (戴相龙), the former governor of the People's Bank of China (PBOC), has outlined key focal points for the regulation of...

Digitisation of Chinese Finance Drives Closure of over 2800 Brick-and-Mortar Bank Branches in 2020

The proliferation of fintech in China has led to the widespread closure of brick-and-mortar bank branches over the past two years.

Bank of China Enters “Internet + Finance” Cooperative Agreement with Alibaba and Ant Group

One of China's big state-owned banks has entered a strategic agreement with the country's leading e-commerce and fintech outfits for deeper cooperation...

Tencent’s WeBank Becomes First Chinese Lender to Convert to Made-in-China Core Database

China's first digital bank is touting its migration from an X86 server to a domestically produced ARM server that uses Tencent's TDSQL...

Standard Chartered’s Virtual Bank Mox Announces the Launch of Trial Operations in Hong Kong

Standard Chartered's virtual bank Mox has just launched a trial run of its online services in Hong Kong.

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

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

Draft Version of Online Lending Law Proposes One Year, 300,000 Yuan Limits on Credit for Individuals

The draft version of China's "Commercial Bank Internet Loan Provisional Regulatory Measures" (商业银行互联网贷款管理暂行办法) outlines tight restrictions on the extension of credit by...

Two More Chinese Consortiums Join Race for Virtual Banking License in Singapore

Two more Chinese-led consortiums have announced plans to compete for the virtual banking licenses on offer from the Singaporean central bank.

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

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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China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...

Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...