Saturday, April 10, 2021
Tags XWBank

Tag: XWBank

Online Lender XWBank Accused of Levying Excessive Services Fees for Vehicle Loans

Sichuan-based direct lender XWBank (新网银行) stands accused of driving up financing costs for consumers by means of exorbitant services fees.

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

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...