China

geo/china

Location
34.422770535871, 103.7109375

Youxin Financial

Leading fintech company dedicated to serving the financial needs of individuals and small businesses.It provides financial technology services spanning small business finance, consumer credit, and wealth management.

Mybank

Leading online private commercial bank in China with a focus on SME financing and farmers. It is part of Ant Financial Services Group and leverages Ant’s AI, computing and risk management technologies.

HPB Foundation

HPB Foundation is an innovative blockchain technology research and development company. Based on the underlying blockchain platform, it built a series of finance industry solutions and products.

Feidai

Shenzhen Zhongxin CredEx Fintech, also known as Feidai is a loan application software company based in Shenzhen, China.

China Moves to Ramp Up Lending to SMEs

Aiming to further support the development of the real economy, optimize the liquidity structure and lower financing costs, the People’s Bank of China (PBC) has decided to lower the required reserve ratio for financial institutions by 1 percentage point, 0.5 percentage point of which will be cut on January 15, 2019 and a further 0.5 percentage point on January 25, 2019. In addition, the outstanding MLFs due to mature in the first quarter of this year will not be renewed.

JD Digits

JD Digits offers online financial services and products including consumer credit and wealth management products. It belongs to JD.com, China’s leading one-stop e-commerce platform.