Tuesday, January 19, 2021
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Tag: XWBank

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...

Suning Finance Teams up with XWBank to Provide Digital Supply Chain Financing to Small Business

The finance vehicle of Chinese retail giant Suning has entered an agreement with a leading digital bank in China to provide digital...

Digital Lender XWBank Sees YoY Drop in Net Profits of 14.81% in First Half of 2020

Net profits of Sichuanese direct bank XWBank were hard hit in the first half of 2020 by the COVID-19 pandemic.

XWBank and China’s Policy Banks to Provide Interest Free Vouchers via Alipay for 10 Billion Yuan in Small Business Loans

Private online lender XWBank is working with China's big three policy banks to provide interest free loans to businesses in 81 cities...

Online Lender XWBank Files 139 Patents for AI, Big Data, Distributed Ledger Technology

Sichuan-based online lender XWBank (新网银行) says it's stepping up its independent fintech research and development capabilities.

XWBank Defers Repayments, Reduces Interest Rates for Customers Affected by Coronavirus

Sichuan-based online lender XWBank (新网银行) has unveiled a range of special measures for customers impacted by the spread of the novel coronavirus....

Sichuan Online Lender XWBank Sees 224% YoY Surge in Net Profits

Sichuan-based online lender XWBank has posted a YoY surge in net profits in the first half of 2019.

Most Read

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...