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Express News | The former special assistant to the president of ping an bank, Cai Xinfa, has joined aia.
China Vanke provides guarantee for the joint venture Shaoxing Yuanhao loan.
China Vanke (02202) announced that Zhejiang Yuanhao intends to apply to Ping An Bank for a loan term adjustment not exceeding 0.8 billion yuan. The company and Hangzhou Yuanting will provide joint liability guarantee and equity pledge guarantee for the above-mentioned loan in proportion to 50% of the equity. The guarantee amount and the pledged guarantee amount are both not more than 0.4 billion yuan. The term of the joint liability guarantee is three years from the date of debt performance, and the term of the equity pledge guarantee is until the expiration of the debt performance. Grandjoy Holdings Group, along with Grandjoy Holdings Group in Zhejiang, will also provide joint liability guarantee and equity pledge guarantee in proportion to 50% of the equity respectively.
Express News | Vanke and grandjoy holdings group provide guarantees for the loan term adjustment of 0.8 billion for the Shaoxing cooperation project.
Express News | The Fed has lowered interest rates again, and banks have followed suit by reducing the US dollar deposit rates.
Will the seven-year itch eventually lead to separation? Ping An Bank will stop issuing Chinese Super League themed credit cards, with multiple banks intensively clearing co-branded thematic credit cards within the year.
On November 8th, Ping An Bank announced on its official website that starting from January 1, 2025 (inclusive), it will stop selling the themed credit card products under the Super League series issued by Ping An Bank. The above themed co-branded credit cards have a seven-year history of issuance. Within the year, several large commercial banks including Agricultural Bank of China, bank of communications, cm bank, and China CITIC Bank Corporation have announced the suspension of issuing some co-branded credit cards.
Express News | Multiple financial institutions visited the Greater Bay Area Fund to carry out strategic cooperation.
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