Sunday, January 24, 2021
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Tag: CITIC Group

CITIC Group Enters Strategic Cooperative Agreement with Alibaba and Ant Group on Fintech and Industrial IoT

State-owned investment company CITIC Group has announced the launch of a cooperative partnership with leading e-commerce and fintech players Alibaba Group and...

CITIC Set to Launch First Consumer Finance Firm Involving Trust Company

CITIC Trust has obtained approval from regulators for the launch of a new consumer finance company, marking the first foray by a Chinese trust...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.