Lender nurtures fintech innovation projects
By Jiang Xueqing in Shenzhen, Guangdong | China Daily | Updated: 2019-08-23 07:55
Efforts centered on unlocking creative skills of young entrepreneurs in the country
Before starting an internet startup in June, Zhang Tao, the former chief of a subbranch of China Merchants Bank Co Ltd in Shenzhen, Guangdong province, had worked in the banking industry for over 10 years.
He is now the founder and CEO of a startup that has 12 employees. The small business received an angel investment from CMB International Capital Corp Ltd, a wholly-owned subsidiary of China Merchants Bank. By the end of June, the total assets of the listed commercial lender headquartered in Shenzhen had reached 7.19 trillion yuan ($1.02 trillion).
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