Wednesday, January 27, 2021
Tags Chinese private banks

Tag: Chinese private banks

Private Banks in China Use Online Platforms to Offer Annualised Rates of up to 7.35%

China's privately run banks are using online finance platforms to sell deposit products that provide exorbitant rates of return compared to the...

Private Lender CITIC aiBank Grabs Approval for Investment from Canadian Pension Fund

Baidu-backed private digital lender CITIC aiBank (百信银行) has just obtained approval for an increase in its registered capital from China's top banking...

China Sees Launch of 19th Private Lender with Establishment of Wuxi Commercial Bank

The number of private banks in China has just reached 19 in total with the launch of a new lender in the...

Wuhan’s Z-Bank Becomes Third Private Lender in China to Increase Capital via Share Issue

Wuhan Zhongbang Bank (武汉众邦银行) (Z-Bank) has just completed a deal to double its registered capital levels.

Private Banks in China Reach 18 in Total Following Launch of Licensing Five Years Ago

The number of private banks approved for operation in China has reached 18 in total just five years after the licensing of...

Private Bank Creation Set to Hit a New “Peak” in China: State Media

Reports from state-owned media are flagging the further establishment of private banks in China.

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Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...