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BEIJING， June 13 (Xinhua) -- A new private lender backed by eight Chinese firms including smartphone maker Xiaomi has been approved by China's banking regulator， the smartphone maker confirmed Monday.
The bank， to be headquartered in Chengdu， capital of southwest China's Sichuan Province， has a registered capital of 3 billion yuan (around 456 million U.S. dollars)， and counts New Hope Group， a Xiaomi subsidiary called Yinmi， and Sichuan-based convenience store operator Hongqi as its biggest stakeholders， with 30， 29.5 and 15 percent stakes in the bank.
The new lender is evidence of further inroads by Chinese Internet firms into the country's state-dominated financial sector. The country's banking regulator has sought to extend financial services to a broader range of companies and individuals that are previously under-served by the country's established， state-backed lenders.
The bank will extend financial services to young people and small companies， according to a press release by Xiaomi. Chinese Internet giants Tencent and Alibaba have also launched their own lender WeBank and MYbank， respectively， last year， offering online-based financial services such as wealth management products and loans.
Xiaomi has sought to extend mobile financial services to compete with domestic and global rivals like Huawei， Samsung and Apple as China's smartphone sales moderate. Both Apple and Samsung have brought their mobile payment services to China. Xiaomi has also launched a financial services app offering wealth management products.
New Hope Group chairman Liu Yonghao was among a group of Chinese entrepreneurs that established the country's first private lender China Minsheng Bank in the 1990s. New Hope Group's financial holdings also includes insurance company Minsheng Life， and securities firm Huachuang Securities. Enditem
This air ambulance transport practice Includes three students that have burns on them from an explosion. The medics treating them work in a C-17 medical air transport aircraft. This sort of situation could happen in any place in the Pacific, which is why this squad is here to train. This team is part of JMAT which means Joint medical air transport team. Today there not putting much focus so much on medical training, many new students find this work environment extremly difficult while noisey aircraft engines are at work. The trainees learn the valuable lessons of medical air ambulance flight practice. It gives them a little bit more of an opportunity to understand the stress of flight that ca. Wholesale Jerseys Wholesale Jerseys For Cheap Wholesale Cheap Jerseys Wholesale College Jerseys Cheap Jerseys China Free Shipping Cheap College Hockey Jerseys Wholesale Authentic Soccer Jerseys Cheap Jerseys China Cheap Adidas NHL Jerseys Cheap Authentic NFL Jerseys