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Tianhong Asset Management Appoints Ant Financial President Hu Xiaoming as Chairman
Ant Financial’s Tianhong Asset Management has just announced the replacement of long-standing chairperson Jing Xiandong More »
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Fintech
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China’s First Blockchain-based Electronic Bill Issued by Ant Financial in Yunnan Province
Ant Financial’s Alipay has just issued China’s first blockchain-driven electronic bill in the south-western province of Yunnan. More »
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PayPal’s China Entry Expected to Shake up Mobile Payments Market
The entry of payments giant PayPal into the Chinese market is expected to further winnow out smaller players in the sector. More »
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Fintech Partners of Beijing Banks Come under Tighter Scrutiny
Beijing’s municipal financial authority has launched new regulations that put greater pressure on fintech companies that cooperate with regional banks. More »
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Use of Alternative Data in China Rife with Abuse: Senior Central Bank Official
A senior official from the People’s Bank of China (PBOC) has highlighted widespread abuses in the use of alternative data by the finance sector. More »
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Mobile Payments Drive 16% Rise in Chinese Consumption: Ant Financial Research Report
A new research report from a cohort of China’s leading universities indicates that mobile payments plays a key role in driving consumption levels. More »
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China Construction Bank Unveils Upgraded Version of Blockchain-driven Trade Finance Platform
One of China’s big state-owned banks has launched a raft of new functions for its blockchain-driven trade finance platform in the wake of strong popularity during the eighteen months since its launch. More »
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Chinese Central Bank Recruits Blockchain Experts for Statutory Digital Currency Development
The People’s Bank of China (PBOC) is looking for six new staff members with expertise in cryptography and blockchain technology to join the ranks of its digital currency research team. More »
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Alibaba’s Jack Ma, Tencent’s Pony Ma Top China’s 2019 Hurun Rich List
Chinese tech tycoons have topped the latest edition of the Hurun List of China’s richest individuals. More »
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Sogou CEO Wang Xiaochuan Says Libra Will Act as a Bridge for Blockchain Technology
The CEO of one of China’s leading search engines has hailed the potential for Facebook’s proposed Libra digital currency to expand the use of consortium blockchains. More »
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Chinese Banks Suspend Cooperation with Third Party Data Providers Following Release of New Privacy Rules
The draft version of new rules on the collection of personal financial information moot additional prohibitions on various forms of data collection. More »
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Major Chinese Internet Companies See Revenues Rise over 20% YoY, Profits Leap 32.7%
Official data points to a sizeable rise in the revenues of China’s large-scale internet companies since the start of 2019. More »
