PBOC Announces Approval and Registration of Beijing Fintech Sandbox’s First Round of Applicants
The Chinese central bank has announced the registration of the first round of participants in the Beijing Fintech Innovation Regulatory Trials (北京金融科技创新监管试点).
According to the announcement made by the People’s Bank of China (PBOC) on 16 March the first round of innovation applications have obtained approval and registration from Chinese authorities, and will officially provide services to users.
The six registered applications include:
|No.||Application name||Trial entities|
|1||Product tracing certification management and supply chain financing based on the Internet of Things (基于物联网的物品溯源认证管理与供应链金融)||ICBC|
|2||Weijie Loan product (微捷贷产品)||Agricultural Bank of China|
|3||China CITIC Bank Smart Token product (中信银行智令产品)||China CITIC Bank/ China UnionPay/ Du Xiaoman Financial, Ctrip|
|4||AiBank Inside product||CITIC aiBank|
|5||Rapid Review Rapid Loan product (快审快贷)||Bank of Ningbo|
|6||Mobile POS innovative application (手机POS创新应用)||China UnionPay/ Xiaomi/ JD Data Science|