Tencent's financial technology and enterprise services business revenue increased by 8% year-over-year in 2025.

MaticHoleFiller · 2026-03-24T05:42:09+00:00

CITIC Bank Zhoushan Branch was fined 961,000 yuan for multiple violations; Leshan Rural Commercial Bank was approved to acquire and merge with a village and town bank; the appointment qualification of a director at Xingfu Consumer Finance was approved; Hengrun Microfinance's app was reported for illegal collection of personal information; Tencent Financial Technology and enterprise service business revenue increased by 8% year-over-year.

MaticHoleFiller

2026-03-24 05:42:09

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Citic Bank Zhoushan Branch Fined 961,000 Yuan

March 17th, information from the People’s Bank of China Zhoushan Branch shows that Citic Bank (601998.SH) Zhoushan Branch was warned and fined 961,000 yuan for: 1. Violating financial statistical management regulations; 2. Violating account management regulations; 3. Violating cybersecurity management regulations; 4. Violating credit reporting management regulations; 5. Failing to take strengthened due diligence measures as required.

Leshan Rural Commercial Bank Approved to Acquire and Merge a Village Bank

March 17th, according to the official website of the National Financial Regulatory Administration, Sichuan Financial Supervision Bureau approved Leshan Rural Commercial Bank to acquire and merge Leshan Kunlun Village Bank, and to assume the latter’s assets and liabilities after asset verification.

Happiness Consumer Finance Board Member Qualification Approved

March 17th, according to the official website of the National Financial Regulatory Administration, Hebei Financial Supervision Bureau approved Guo Min’s qualification to serve as a director of Hebei Happiness Consumer Finance Co., Ltd.

Hengrui Microloan App Reported for Violations

March 16th, Anhui Provincial Communications Administration issued a notice (2026, Batch 2) regarding apps infringing on user rights. An inspection found 22 apps in the province collecting and using personal information illegally. On February 4, 2026, notices were issued to these companies requiring correction within a deadline. As of now, 7 apps have not yet rectified the issues.

Among them, Wuhu Hengrui Microloan Co., Ltd.’s “Small Emergency Wallet” was reported for illegal collection of personal information.

Tencent’s Financial Technology and Enterprise Service Revenue Grew 8% Year-over-Year in 2025

March 18th, Tencent announced its full-year 2025 results.

By the end of 2025, Tencent’s financial technology and enterprise service revenue increased by 8% year-over-year to 229.4 billion RMB. The high single-digit percentage growth in fintech services was driven by increased income from wealth management, consumer loans, and commercial payments.

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