Tuesday, December 1, 2020
Tags Chinese online banking

Tag: Chinese online banking

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...

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

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

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

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

National Internet Finance Association of China Launches Specialist Internet Banking Committee

China's peak body for the online finance sector has announced the launch of a new body to focus on internet banking.

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...