Friday, April 16, 2021
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Tag: Ping An Bank

Ping An Bank Enters Strategic Partnership with JDD, Launches Joint Credit Card

The lending unit of Ping An Group and JD.com's fintech vehicle have just entered a strategic partnership covering a range of areas....

Ping An Bank Posts 15.5% YoY Rise in First Half Revenues, 11.2% Net Profit Drop

Fintech driven commercial lender Ping An Bank has seen a sizeable rise in its first half earnings despite the adverse impacts of...

Ping An Bank, Bank of Nanjing, Bank of Jiangsu Grab Approval for Wealth Management Subsidiaries to Commence Business

Chinese authorities have just given their approval for several banks to kick start their wealth management subsidiaries.

Three of China’s Listed Banks See Double-digit Profit Growth in Q1 Despite Coronavirus

The latest performance results from three of China's listed banks point to a double-digit rise in net profits in the first quarter...

Ping An Bank’s Earnings and Profit Growth Hit Three-Year High Despite COVID-19 Pandemic

One of China's leading commercial banks has posted a strong performance in the first quarter of 2020 despite the severely adverse impacts...

Ping An’s Consumer Finance Vehicle Grabs Approval to Commence Operations

Financial conglomerate Ping An Insurance has just obtained approval from regulators for its consumer finance vehicle to commence operations.

Ping An Bank’s Retail Assets Under Management Rise over 40% in 2019 to Breach 2 Trillion Yuan

Ping An Bank has imputed a sharp rise in its retail assets under management (AUM) to its drive for greater finch adoption....

Ping An Bank Sees 15.5% Rise in Net Profits for First Three Quarters of 2019

Ping An Bank has seen a sizeable increase in its net profits since the start of 2019 amidst efforts to brand itself...

Ping An Tops China’s Listed Banks in Terms of Average Salaries

Shenzhen-based Ping An Bank provides the best remuneration levels to staff according to the latest round of first-half reports released by China's...

Ping An Bank’s App Users Exceed 70 Million by End of First Half, IT CAPEX up 36.9%

Ping An Bank's first half performance report points to a sharp rise in the number of its app users alongside IT capital...

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...