Wednesday, April 24, 2024

Monthly Archives: June, 2019

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 bourses following the China Securities Regulatory Commission's...

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 of the year, as well as focus...

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 crack down on use of the products...

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 platform that dramatically reduces the amount of...

Bankers Boast Highest Average Salaries in China

A new report indicates that banking sector professionals enjoy the highest average salaries in China. The "2019 China Employment Quarterly Salary Guide" (2019中国就业季薪金指南) released...

Tencent’s Fintech Unit Shuffles Senior Execs after Infinium Grabs Virtual Banking License in Hong Kong

Chinese tech giant Tencent has announced key changes to senior executives for its fintech operations just after its digital banking joint venture became licensed...

PBOC Credit Reference Center Becomes World’s Largest Credit Information System

A leading official from the Chinese central bank has extolled the benefits and advantages brought by its creation of the world's largest credit information...

PBOC Approves First Bank Card Clearing License for China UnionPay

China's central bank has given its approval to the issuance of the country's first bank card clearing operations license in anticipation of the entrance...

Chinese Land Prices Decline for First Time Since 2012

A slew of key indices for China's property market posted declines in the month of May. The "2019 May National Real Estate Market Report"...

Xunlei Teams up with Hong Kong University of Science and Technology to Open Blockchain Laboratory

Nasdaq-listed tech company Xunlei (迅雷集团) is collaborating with the Hong Kong University of Science and Technology (HKUST) to launch a new laboratory to drive...

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