Tuesday, October 20, 2020
Tags Chinese online banks

Tag: Chinese online banks

CITIC aiBank Says over 60% of Employees are from Tech Backgrounds

Over half of staff at Baidu-backed CITIC aiBank are tech-related according to the private online lender's latest annual report.

CBIRC Issues Draft Commercial Bank Internet Lending Measures, Plans to Prohibit Outsourcing of Key Risk Operations

Chinese regulators continue to target risk in the online lending sector with the unveiling of an updated draft version of measures that...

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Chinese Central Bank Overhauls Commercial Banking Law

The People's Bank of China (PBOC) has unveiled a broad raft of proposed changes to China's commercial banking law.

Ant Group Raises Target Valuation to USD$280 Billion

Chinese fintech giant Ant Group plans to raise the target value for its IPO to USD$280 billion according to sources.

Postal Savings Bank of China Enters Comprehensive Strategic Cooperative Agreement with JD.com’s Fintech Subsidiary

One of China's big six state-owned banks has entered a strategic cooperative agreement with the fintech subsidiary of a leading Chinese e-commerce...

Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min

One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...