Sunday, January 24, 2021
Tags Hengfeng Bank

Tag: Hengfeng Bank

Ex-chair of Hengfeng Bank Receives Death Sentence for Illegal Transfer of $107 Million in Shares

The former chairman of beleaguered regional lender Hengfeng Bank has been sentenced to death by a Shandong province court.

Regional Lender Hengfeng Bank Set to Receive 100 Billion Yuan Bailout from Beijing

The travails of another beleaguered Chinese regional bank have prompted the launch of a rescue package by Beijing which will confer control...

Chinese Authorities Come to the Aid of Third Beleaguered Regional Bank

The Chinese government is taking measures to intervene in the fortunes of a third ailing regional bank.

Most Read

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.