Bank of China Becomes First Lender to Sign up for Property Blockchain Platform in Hong Kong
One of China’s leading state-owned banks will become the first lender to participate in a new blockchain…
Fintech
Hong Kong Stock Exchange Plans to Acquire Fintech Subsidiary of Shenzhen Jinzheng Technology
The Hong Kong Stock Exchange has unveiled plans to acquire a controlling stake in one of China’s…
JD.com’s Fintech Vehicle Embroiled in Online Privacy Scandal
The fintech subsidiary of one of China’s leading online companies has become embroiled in a scandal involving…
Over 380 Online Lending Platforms under Investigation by Chinese Authorities, 62 Suspects Extradited
Chinese authorities have placed over 380 online lending platforms under investigation for criminal financial activities.
Tencent’s Surging Fintech Growth Driven by Online Wealth Management
Online wealth management has emerged as a mainstay fintech operation for one of China’s leading tech giants.
Returns on P2P Loans Set to Weaken as Chinese Regulators Step up Pressure
Average returns on peer-to-peer loans in China are expected to remain weak as Beijing continues to crack…
Shanghai Launches Blockchain Research Centre at Fudan University
Shanghai has seen the launch of a new blockchain research institute at one of China’s leading tertiary…
Chinese Fintech App Downloads Breach 100 Billion, Exceed E-commerce Apps
Fintech apps have emerged as one of the most downloaded apps on the Chinese market ahead of…
Ant Financial Acquires Full Ownership of British Payments Company WorldFirst
Chinese fintech giant Ant Financial has acquired full ownership of London-based cross-border payments company WorldFirst.
Xi’an Hopes to Provide 100 Billion Yuan in Financing to Tech Companies by 2021
One of China’s ancient Silk Road capitals has unveiled an ambitious new plan to develop the regional…
