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SME Finance Forum's immersion program: Visit to Yillion Bank, a new digital-first bank in the West
by 
Lechi Zhang
Jul 24, 2019

China's banking industry has traditionally been dominated by state-owned financial institutions. Even the smaller banks have roots going back to provincial or municipal governments. In recent years, however, Beijing has started to issue banking licences to private players. A new kind of digital-first bank, sometimes referred to as a 'neobank' in the West, has quickly emerged in China. Yillion Bank is one of it and is the only one...

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