Thursday, April 15, 2021
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Finance

Xiaomi Consumer Finance Applies for Payments and Loan Trademarks

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Xiaomi has become the latest Chinese tech giant to seek to expand its financial capabilities following the submission of an application for...
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Banking

Xiaomi, JD-backed Agency Grabs China’s Second Personal Credit License

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The People's Bank of China (PBOC) has just issued China's second ever personal credit ratings license to a joint-venture backed by smartphone...
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Economy

PBOC on Track to Issue China’s Second Personal Credit Ratings License to JDD, Xiaomi-Invested Company

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The Chinese central bank has flagged the issuance of China's second license for personal credit ratings operations to a company partially owned...
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Finance

Xiaomi Finance Grapples with Online Fraud and Trademark Infringement in China’s Fintech Sector

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A long-running dispute between Xiaomi's finance vehicle and a company bearing a similar name in Shandong province may have come to an...
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Fintech

Xiaomi’s Virtual Lender Airstar Bank Kicks off Official Operation in Hong Kong

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Virtual lender Airstar Bank announced the official launch of operation on 11 June, as one of seven digital banks licensed to operate...
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Fintech

Xiaomi Invests in Asset Securitisation Fintech Company Backed by JD.Com

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Smartphone-maker Xiaomi has just invested in a fintech company based in the Guizhou-province capital of Guiyang.
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Finance

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

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Chinese tech giant Xiaomi has obtained approval from China's banking regulator for the establishment of a consumer finance company.
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Economy

Xiaomi VP Resigns over Breaches of Public Security Law, Detained for Five Days over Obscene Behaviour

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Wang Lingming (汪凌鸣), vice-president of Chinese smartphone giant Xiaomi, has resigned from his position over alleged breaches of a key Chinese public...
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Banking

Xiaomi Scraps Micro-loan Subsidiary as Chinese Microcredit Sector Struggles

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Chinese consumer electronics giant Xiaomi has just shut down one of its micro loan subsidiaries as the microcredit sector enters a slump.
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Fintech

Xiaomi Makes Bold Foray into India’s Consumer Finance and B2B Sectors

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Chinese smartphone giant Xiaomi has ambitions to expand into India's consumer and B2B loan market with the launch of a new financial institution in...
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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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