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China’s Internet Banking Revolution
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China’s Internet Banking Revolution

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Asia Sentinel
Feb 12, 2014
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China’s Internet Banking Revolution
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The Internet in China has started to force real change on once-staid banks, forcing well-fed bankers to cough up better deals on yields on cash deposits that conventionally have been a given under the existing suppressed deposit rate regime.

Even though commercial banks have started instituting countermeasures by offering money market funds as well as e-…

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