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Private bank services offered by Alibaba, Baidu and Tencent

11/07/2013

Alibaba offers moneymarket like accounts with interest rates of 4%, much higher than state owned banks. It is also lending to small business. The Jinping-Keqiang administration is making deposit insurance a top priority for 2014-2015 to encourage private banks to compete with the large stateowned banks.

Grouped Articles

Nonbank Upstarts Push Into Chinese Banking

Wall Street Journal 11.07.2013

China Clears a Path for New Banks

Wall Street Journal 11.20.2013

China's Central Bank Leads Effort to Regulate Internet Finance

Wall Street Journal 02.12.2014

Chinese Banks Match Tech Firms in Race for Deposits

Wall Street Journal 02.25.2014

High-Interest Web Banks on the Rise in China

New York Times 03.02.2014

China Details Plans to Liberalize Interest Rates and Encourage Private Banks

New York Times 03.11.2014


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