Finance Sector

Yango Finance Group, the sector of which Yango has been giving priority to the development, has laid out financial institutions such as bank, insurance and trust, aiming to building a global and diversified financial holding platform which is leading in China.

Bank

OneBank

OneBank initiated by Yango, a subsidiary of Yango, has opened. It is the third Chinese bank using the distributed Internet technology after Shenzhen Webank and Zhejiang MYbank. The bank defines the strategic positioning of "Benefit people through technological finance", sticks to the business concept of "basing on finance and utilizing Internet" and constructs its core business framework around "Technological finance, inclusive finance, convenient payment and wealth management".

China Industrial Bank Co., Ltd.

Yango Holdings, a subsidiary of Yango, invested in CIB and becomes its first majority shareholder in the capacity of a private enterprise. In 2016, CIB ranked the 32nd among the global banks and the 195th among the Global Top 500, receiving extensive recognition and praise from all industries of both domestic and overseas.


Insurance

Phoenix Holdings Ltd.

Yango Group, a subsidiary of Yango, officially signed to acquire Phoenix Holdings Ltd., one of the three Israeli insurance giants, which involved assets under management of RMB 300 billion. It is by far one of the biggest cross-border M&A deals in Israeli financial industry. Phoenix Holdings Ltd. was founded in 1949, which is a diversified leading financial holding company in Israel, involving insurance, asset management, endowment real estate, agriculture and other businesses. Yango has completed the submission of all documents required for approval of the transaction to the Israeli Capital Market, Insurance and Savings Authority and is being under review of it.

Strait Life Insurance

Yango City Group, a subsidiary of Yango, jointly initiated the founding of Strait Life Insurance Co., Ltd. Strait Life will adhere to the business concept of "basing in Fujian and serving Taiwan with national coverage", and provide clients with effective insurance coverage. Strait Life is committed to being an innovative life insurance company with distinct development features, obvious competitive advantage of location, quality and efficient service, excellent brand image and continuous increase in value.


Security

Yango Securities

Yango Group, a subsidiary of Yango, initiated to establish Yango Securities and the application has been accepted by the CSRC.


Cooperation Brands

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