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Monthly Archives: July, 2018

Yangtze River Delta Tops Global Fintech List Ahead of Silicon Valley

A new report ranks the Yangtze River Delta as the world's leading fintech industry hub ahead of Silicon Valley, Greater Beijing and London. The Global...

Third Party Payment Providers Receive 34 Fines in First Half Totalling 45mn Yuan

Chinese third party payment providers have been fined on more than 30 separate occasions in the first half of 2018, as regulators maintain heavy...

Chinese Bankers Hail Potential of Fintech to Transform Business Practices

Leading members of China's banking sector have extolled fintech's transformative potential at the recent "2018 China Fintech Development Forum" (2018中国金融科技发展论坛). "Finance is a crucial environment for...

Members of China’s Financial Stability and Development Committee Revealed

China's top economic advisor has convened the inaugural meeting of the new Financial Stability and Development Committee, revealing a membership comprised of the country's...

Hangzhou Court Accepts Factom Blockchain as Evidence in Online Copyright Trial

A court in the Zhejiang-province capital of Hangzhou has confirmed the legal validity of electronic data stored via the blockchain as evidence in an...

Is Huawei “Fleeing” Shenzhen Due to Sky-high Housing Prices?

Domestic media reports that telecommunications giant Huawei Technologies Co. is moving key staff and facilities from the southern Chinese commercial hub of Shenzhen to...

8.2 Million Graduates Set to Enter Jobs Market as Unemployment Hits Lowest Level Since 2012

A record number of higher education graduates are set to enter the Chinese jobs market this year, as urban unemployment plunges to its lowest...

Chinese Corporate Bond Defaults Set to Rise to Record High in 2018

China is on track to hit a record high for corporate bond defaults in 2018, as credit agencies turn dour on the prospects of...

Chinese Central Bank Says Renminbi Will Be Kept “Fundamentally Stable”

The head of the Chinese central bank has sought to reassure markets that the renminbi will be kept stable following recent volatility. Yi Gang (易纲),...

ICBC Touts Transition Towards Smart Banking Via Use of Blockchains, AI and Big Data

The world's biggest lender says it is endeavouring to shift towards a "smart banking" model via the adoption of a range of new technologies,...

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