Monday, April 12, 2021
Tags Chinese online banking

Tag: Chinese online banking

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.

Online Banks Outperform China’s Conventional Lenders in 2018

The latest financial reports of China's online banks points to a bumper year in 2018, far outpacing the performance of listed domestic...

51 Credit Card Enters Comprehensive Strategic Cooperation with CITIC aiBank, Releases “T+” Plan

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...

Online Banking’s Popularity in China Prompts Closure of Community Sub-branches

The increasing popularity of online and mobile banking has prompted Chinese banks to shut down their community sub-branches(社区支行)  in some of the country's biggest...

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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....