Friday, April 16, 2021
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Banking

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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...
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Banking

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

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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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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