Dainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan TsuiDainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan Tsui
Dainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan Tsui
Business /  Banking & Finance

China’s small banks push rules to the limit as they tap individuals for short-term funds amid liquidity crunch

  • Lenders using wealth management app Dainite.com to offer return rates that exceed limits set by Beijing
  • More regional banks face bailouts and state takeovers, analysts say

Topic |   Banking & Finance
Xie Yu
Xie Yu

Updated: 10:33pm, 20 Aug, 2019

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Dainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan TsuiDainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan Tsui
Dainiter.com promises to connect users with rural and urban commercial banks and help users generate annualised returns as high as 14 per cent with ordinary deposit products. Photo: Nathan Tsui
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