Sunday, April 18, 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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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...