Indicator rises to 2.28% from 1.94%, after MYbank switched focus to business from consumer lending in the wake of government-ordered rectification of parent

Ant-backed MYbank and Tencent-backed WeBank disclose higher nonperforming loan ratios amid the pandemic yet liquidity metrics remain healthy

Goldman’s China wealth management venture gets the green light to launch its business. Plus, Richard Liu cashes out about $932 million from JD.com

Ant-backed MYBank is fined for anti-money laundering violations. Chinese and Singaporean regulators vow to support the ETF connect

Central bank levies $3.5 billion for multiple violations including breaching rules on credit scoring and financial institution management

First regulatory approval for a private lender signals that more such banks will be cleared to recapitalize via low-cost, like-equity perpetual debt instruments

Zhejiang banking regulator to restrict local lenders from providing clients outside the province with online loans issued with third parties

Launched in 2015 in pilot program targeting entrepreneurs, WeBank and MyBank have collectively lent out more than $40 billion at average of $1,000 to $2,000 per loan