Yiren, Qfin swept up in latest fintech lending crackdown
China's latest move against predatory lenders is crippling legitimate loan facilitators like Yiren and Qfin by imposing a strict interest rate cap Key Takeaways: Yiren Digital plunged into the red…
Wealth divide: Banks in China’s poorer regions bear brunt of margin squeeze
The latest annual results from Bank of Gansu and Jiangxi Bank show their margins are getting compressed by high interest payments on their time deposits and falling loan yields Key…
WeLab gets $220 million confidence vote for its digital banking prospects
The Hong Kong-based financier raised the fresh funds from investors including HSBC and Prudential as it seeks to expand in Southeast Asia Key Takeaways: WeLab announced it raised $220 million…
Weihai Bank gets government-led year-end capital gift, highlighting its troubles
The regional lender will sell new shares to a municipal investor in its hometown in Shandong province to shore up its capital cushion Key Takeaways: Weihai Bank will raise about…
BRIEF: Lufax names new co-CEO and chief marketing officer
Online lender Lufax Holding Ltd. (LU.US; 6623.HK) on Friday announced appointments of two new top executives, as it works to resume trading of its Hong Kong-listed shares following the resignation…
Shenyang city ups offer for Shengjing Bank to end its misery as a listed company
A local government entity is trying to privatize the lender, which is reeling from the aftermath of troubles surrounding its former owner, China Evergrande Group Key Takeaways: A government entity…
Huishang Bank’s double-speak: Talking up profits, while highlighting challenges
The regional lender’s net profit increased 3.8% in the first half of 2025, far less than its asset expansion, suggesting intense margin pressure Key Takeaways: Huishang Bank’s total assets increased…
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