China’s Local Governments Flag Large-scale Withdrawal of Online Lending Platforms
More online lending platforms are expected to topple in China as local governments around the country release…
Fintech
Chinese Central Bank’s New Digital Currency Will “Revolutionise” Monetary System: People’s Daily
The flagship newspaper of the Chinese Communist Party (CCP) says the People’s Bank of China’s (PBOC) launch…
Chinese Internet Users Hit 830 Million at End of 2018, E-commerce Users at 610 Million
The latest official data indicates that the vast majority of Chinese internet users are also e-commerce customers.
Chinese Banks Step up Collaboration with Tech Companies in 2019
Since the start of 2019 Chinese commercial banks have increasingly entered collaborative arrangements with tech companies to…
Statutory Digital Currency Will Diversify Monetary Policy Tools: China UnionPay Chair
The chair of Chinese payments giant UnionPay has highlighted the ability of a statutory digital currency as…
PBOC Official Says Chinese Central Bank Digital Currency on the Verge of Release
A senior official from the Chinese central bank has pointed to the imminent release of its own…
Ping An Bank’s App Users Exceed 70 Million by End of First Half, IT CAPEX up 36.9%
Ping An Bank’s first half performance report points to a sharp rise in the number of its…
China Unveils Policies to Accelerate Digital Economy Development
China hopes to accelerate the growth of its digital economy with the launch of coordinated policies at…
WeBank Lauded by People’s Daily for “Exemplary Digital Financial Inclusion in China”
A new financial inclusion report from a summit backed by China’s peak industry bodies has highlighted the…
WeBank Appoints Yang Qiang as Chief AI Officer, Launches Guangdong’s First AI Fintech Lab
Tencent-backed online lender WeBank (微众银行) is stepping up its artificial intelligence (AI) development efforts with the appointment…
