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China bans banks from luring customers with popular Labubu dolls
Regulator asks local banks not to give non-compliant perks amid fierce competition as interest rates fall
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fortune.com
China bans bank from luring depositors with popular Labubu dolls
Ping An Bank offered Labubu collectibles for new depositors who could park in 50,000 yuan ($6,960) for three months.
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scmp.com
Labubu becomes bait for China’s Ping An Bank to lure young customers
Retail banks on the mainland struggle to attract young customers amid low deposit rates and customer declines, analysts say.
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theguardian.com
China bans banks from luring customers with popular Labubu dolls
Regulator asks local banks not to give non-compliant perks amid fierce competition as interest rates fall
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upi.com
Chinese bank barred from offering customers free Labubu dolls - UPI.com
A Chinese bank was ordered to stop its practice of enticing new customers by offering them free Labubu dolls.