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Monthly Archives: October, 2018

Small and Micro-enterprise Loans Post 18.1% YoY Rise for First Three Quarters of 2018: PBOC

Financial inclusion loans to small and micro-enterprises have seen robust, accelerating growth for the first three quarters of 2018 according to the latest official...

CBIRC Directs Beijing’s Banks to Avoid Liquidation of Pledged Shares

The China Banking and Insurance Regulatory Commission (CBIRC) has called for Chinese banks in Beijing to refrain from the forced liquidation of pledged shares...

Artificial Intelligence Will Transform Traditional Banking: China Merchants Bank

One of China's leading commercial banks is touting its use of artificial intelligence to transform traditional financial services. Zhou Tianhong (周天虹), head of the information...

Fintech in China Expected to See 1.97Tn Yuan in Annual Revenue by 2020, Reshape Micro-enterprise Finance

Leading members of China's financial sector expect fintech to completely reshape the provision of funds to small and micro-sized businesses. Speaking at the 2018 Tianfu...

Du Xiaoman Financial Executes Strategic Cooperative Agreement with Bank of Nanjing

Baidu's fintech spinoff Du Xiaoman Financial has entered a formal strategic partnership with one of the country's leading municipal lenders. Du Xiaoman and Bank of...

Online Consumer Loan Platform 360 Finance Applies for $200M State-side Initial Public Offering

Qihoo 360-partner 360 Finance (360金融) has applied with the US Securities and Exchange Commission (SEC) raise up to USD$200 million in an initial public...

PBOC Releases Its First Bio-identification Standards for China’s Finance Sector

The People's Bank of China has launched a new set of standards for voiceprint recognition which are applicable to mobile banking and third party...

China’s Digital Economy the World’s 2nd Most Competitive, Still Struggles to Catch up to US

A new report from the Shanghai Academy of Social Sciences indicates that while China's digital economy is the second most competitive in the world...

Supreme People’s Court to Establish Intellectual Property Rights Court at Start of 2019

The Supreme People's Court of China (SPC) is on track to establish its own intellectual property rights court on 1 January 2019. On 26 October...

Shenzhen Court Warns that Cryptocurrency Transactions Aren’t Subject to Legal Protections

The people's court of Shenzhen's Futian district has ruled that cryptocurrency investments and transactions are not subject to legal protections under current Chinese law. In...

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