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Hunan Province Launches 100 Digital “New Infrastructure” Projects Worth $8.2 Billion
The central Chinese province of Hunan has unveiled ambitious plans for spending on digital “new infrastructure” projects. More »
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Fintech
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Digital Lender CITIC aiBank Works with Suning Finance on Supply Chain Project in Nanjing
Baidu-backed digital lender CITIC aiBank (百信银行) and Suning Finance have just launched a cooperative supply chain financing project in the Jiangsu province capital of Nanjing. More »
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Alibaba Launches New Data Company to the West of Beijing
Tech giant Alibaba has announced the launch of a new tech company in the Hebei province city of Zhangjiakou to the immediate west of Beijing. More »
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Ex-Securities Chief Calls for Creation of Specialised Cloud to Cover All Chinese Financial Data
The former head of the Chinese securities regulator has called for the creation of a cloud computing system that encompasses all data in the financial system. More »
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UnionPay International Teams up with Hong Kong Digital Bank to Issue Virtual Debit Card
The Hong Kong subsidiary of Chinese payments giant China UnionPay has teamed up with local digital lender Livi Bank to launch a new “virtual debit card. “ More »
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Postal Savings Bank of China Enters Strategic Cooperative Agreement with Meituan to Create “Financial Services Ecosystem”
Big six state-owned lender Postal Savings Bank of China (PSBC) is teaming up with Beijing-based e-commerce giant Meituan to create a “financial services ecosystem.” More »
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Tencent’s WeBank Designs New Credit Card for Small Businesses
Tencent-backed online lender WeBank has just issued a new credit card product that specifically targets micro-and-small enterprises. More »
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China’s Largest Asset Manager Opens Fintech Lab with Hangzhou’s Hundsun Technologies
China Life Asset Management Company Limited has teamed up with Shanghai-listed software company Hundsun Technologies to launch a new fintech innovation laboratory. More »
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Alibaba’s OneTouch and China CITIC Bank Launch New E-commerce Forex System
Alibaba’s export platform OneTouch has teamed up with China CITIC Bank to launch a new e-commerce product for trade-related forex collection. More »
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Tencent Acquires Full Ownership of Shenzhen Big Data Firm Nash
Tech giant Tencent has acquired full ownership of a big data company based in the southern Chinese city of Shenzhen. More »
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Hebei Province Hopes to Create 20 “Blockchain Champions” by End of 2022
The northern Chinese province of Hebei has just launched an ambitious new blockchain development plan which envisages the creation of 20 leading blockchain-related enterprises by the end of 2022. More »
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ByteDance Reportedly Applies for Five Financial Licenses in Hong Kong, Virtual Banking License in Singapore
TikTok-owner ByteDance is reportedly planning a foray into the finance sector of Hong Kong. More »
