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Tencent Leads Blockchain Patent Applications in China
Tencent has emerged as the leading applicant for blockchain patent applications in China. More »
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Fintech
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China’s Mobile Payments Market Grows Over 15% in Q3 2019, Alipay’s Market Share Exceed Half
A new report points to strong growth in China’s mobile payments market, as well as the ongoing dominance of Ant Financial’s Alipay platform. More »
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CBIRC Issues Draft Commercial Bank Internet Lending Measures, Plans to Prohibit Outsourcing of Key Risk Operations
Chinese regulators continue to target risk in the online lending sector with the unveiling of an updated draft version of measures that cover the internet lending activities of commercial banks. More »
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Bank of China Launches First Innovation R&D Base in Xiong’an New Area
Big state-owned lender Bank of China has launched its first “Innovation R&D Base” (创新研发基地) in the Xiong’an New Area of Hebei province next to Beijing. More »
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Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality
Chinese tech giant Xiaomi has obtained approval from China’s banking regulator for the establishment of a consumer finance company. More »
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Wuhan’s Z-Bank Becomes Third Private Lender in China to Increase Capital via Share Issue
Wuhan Zhongbang Bank (武汉众邦银行) (Z-Bank) has just completed a deal to double its registered capital levels. More »
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China UnionPay to Make QR Code Payments Accessible on Overseas Public Transportation
Chinese payments giant China UnionPay plans to make its QR code payments system increasingly available on overseas public transit systems. More »
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Ant Financial to Debut Global Fintech Conference in Shanghai
Payments giant Ant Financial has unveiled plans to host an international fintech conference in the coastal mega-city of Shanghai. More »
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Shanghai Releases 5-Year Fintech Hub Development Plan, Unveils Lujiazui Fintech Development Center
Shanghai has unveiled ambitions to become a leading hub for both the domestic and global fintech sector. More »
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HSBC Becomes First Foreign Bank to Cooperate with Chinese Central Bank’s Personal Credit Agency
HSBC (China) is set to become the first foreign bank to integrate with the data system of the Chinese central bank’s personal credit agency. More »
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Bank of Hangzhou Becomes First Chinese Bank to Achieve QR Code Integration with NetsUnion
Efforts to integrate China’s QR code payments systems continues, with regional lender Bank of Hangzhou announcing that it has achieved compatibility with leading online payments players. More »
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First Batch of Trial Applications for Beijing’s Fintech Sandbox Revealed
The Chinese central bank has unveiled the debut set of fintech innovation regulatory trial applications for Beijing’s new fintech sandbox. More »
