Ping An Applies Automated Blockchain-driven Smart Contracts to All Operations
Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations.
Growth in Chinese Bank Credit Transactions Hits Five Year High of 24.9% in 2018
China’s credit card numbers and credit card transaction amount both saw surging growth in 2018.
Ant Financial’s MYBank Sees 10-fold Increase in Small Enterprise Customers in Three Years
Ant Financial-backed internet lender MYBank hopes to bring its online financial services to “all roadside stalls in…
China’s Micro and Small Loan Balance Breaches 10 Trillion Yuan, NPL Rate Under 6%
The latest data from China’s financial authorities points to a sharp rise in financially inclusive lending since…
People’s Daily Warns China’s Online Lending Platforms against Illegal Collection of Services Fees
The flagship newspaper of the Chinese Communist Party has published a news story warning online lending platforms…
Qilu Bank’s IPO Application Accepted for Review by China Securities Regulatory Commission
The biggest bank on China’s “new third board” could soon migrate to one of the country’s two…
Hong Kong Digital Banks Expected to Focus on Mobile Payments and Micro-Loans
Domestic analysts expect Hong Kong’s first cohort of licensed digital banks to commence operation before the end…
Chinese Regulators Crack Down on Use of Smart Deposits to Offer Covert High Interest
Chinese banks have commenced the withdrawal of their smart deposit offerings following efforts by financial regulators to…
Chongqing Uses Alipay Blockchain to Reduce Enterprise Registration Time to Just Three Days
The central Chinese municipality of Chongqing has used Alipay’s blockchain technology to develop a new administrative services…
Bankers Boast Highest Average Salaries in China
A new report indicates that banking sector professionals enjoy the highest average salaries in China.
