China Merchants Bank (CMB) has upped the ante in the Chinese banking industry’s current push into fintech, responding to similar moves made by peers that have set ambitious digital transformation programmes for the coming years. CMB’s board has approved an upgrade in the bank’s annual tech-related investment budget to 1% of operating income, from 1% of net profit previously, according…
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CMB “set to become a fintech company”
26 March 2018

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