Monday, October 26, 2020
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.

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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...