The 2019 annual reports of around a dozen Chinese banks point to considerable efforts to step up spending and development of fintech. More »
Baidu-backed private digital lender CITIC aiBank (百信银行) has just obtained approval for an increase in its registered capital from China’s top banking authority. More »
China’s Government Work Report at its 2020 Two Sessions congressional meeting has made reference to the need for “new infrastructure” to drive the digital development of Chinese industry. More »
Former US treasury secretary and CEO of Goldman Sachs Hank Paulson says that the launch of a central bank digital currency (CBDC) by the People’s Bank of China (PBOC) will not abet the ascent of the renminbi to the status of a global reserve currency that coul... More »
A report from JPMorgan Chase & Co points to the potential for China’s proposed central bank digital currency (CBDC) to undermine the status of the US dollar as the world’s reserve currency. More »
Hangzhou has become the latest Chinese city to put plans in motion for the launch of its own fintech sandbox trial. More »
The People’s Bank of China (PBOC) convened its tech work on 18 May in Beijing. More »
Over half of staff at China’s first Online-to-Offline (O2O) bank are tech personnel, as digital banking rapid expands its presence within the Chinese financial sector. More »
Representatives at China’s Two Sessions congressional meeting have submitted a slew of bills in relation to the development and application of blockchain technologies. More »
The People’s Bank of China (PBOC) and the State Administration for Market Regulation (SAMR) are making preparations for an arrangement to share data between the two central government bodies. More »
The People’s Bank of China (PBOC) and the Sichuan-province capital of Chengdu have worked together to produce a plan for transforming the city into a regional fintech hub. More »
The State Administration of Foreign Exchange (SAFE) has issued a new directive that significantly scales back China’s restrictions on cross-border payments operations. More »
