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ZhongAn Online’s Hong Kong Virtual Bank Enters Cashless Payments Agreement with Visa
CBNEditor
-
February 4, 2020
0
The Hong Kong digital banking subsidiary of Chinese fintech company ZhongAn Online has entered an agreement with Visa to work on cashless...
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Chinese Banks See Net Profits Decline 1.8% in 2020
Banking
CBNEditor
-
January 24, 2021
0
China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan
Fintech
CBNEditor
-
January 24, 2021
0
A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...
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China’s Non-Performing Loan Ratio Declines 0.06 Percentage Points to 1.92% in 2020, Banks Dispose of Record-breaking 3.02T Yuan in Bad Debt
Banking
CBNEditor
-
January 24, 2021
0
Official data points to a slight decline in the non-performing loan (NPL) ratio of Chinese banks in 2020, despite the adverse impacts...
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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020
Fintech
CBNEditor
-
January 21, 2021
0
China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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