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12 of China’s Listed Banks Unrolled Blockchain Initiatives Last Year

At least 12 of China's 26 publicly listed banks launched blockchain-related initiatives in 2017 for a range of applications, according to disclosure contained in...

Baidu Sells Majority Stake in Financial Services Unit for $1.9bn

Chinese Internet giant Baidu Inc has announced that will sell off a majority stake in its Baidu Financial Services Group ( Baidu FSG) for...

China’s Audit Office Considers Blockchain for National Data Management

China's National Audit Office has revealed a proposal for the use of blockchains to improve data management procedures. NAO is responsible for the auditing of...

PBOC Touts Risk Free Removal of ICO and Cryptocurrency Platforms

China's central bank says it has successfully eradicated bitcoin trading platforms from the country. Gong Yan (龚雁), the vice-head of the People's Bank of China...

Bank of China Uses Blockchains for Most Hong Kong Property Appraisals

One of China's big four banks is making extensive use of blockchain technology at its Hong Kong subsidiary to facilitate property transactions. Bank of China...

Shanghai CCB Branch Becomes China’s First Fully Automated Bank

A branch of the China Construction Bank situated in downtown Shanghai has become fully automated, enabling it to dispense completely with the use of...

China’s Internet Plus Economy Hit $4.25 Trillion in 2017: Tencent Report

A new report from Chinese Internet giant Tencent points to roaring growth in China's Internet-based economy. The "China Internet Plus Index Report (2018)" (中国“互联网+”指数报告(2018)) claims...

“Blockchains Have No Future as Money”: China’s Central Bank

People's Bank of China counsellor Sheng Songcheng (盛松成) has put a dampener on any hopes that cryptocurrencies will enter widespread use in China as...

Central Bank Head Says China Will Keep Cryptocurrencies Under Tight Control

The head of the Chinese central bank says that it hopes to foster the usage of cryptocurrencies while also keeping the instruments under tight...

Online Asset Management Crackdown Drives Sales Licenses to Over $14mn

China's crack down on illicit operators in the online asset management sector has driven the price of fund sales licenses to as high as...

Chinese Fintech Will See Double Digit Growth for a Decade: Rong360

China's fintech industry will see double-digit percentage growth for the next five to ten years, according to Rong360 co-founder and chair David ye. In an...

Ant Financial On Track to Become Biggest Unicorn Ever

Jack Ma's mobile payments and online finance vehicle is on track to become the biggest unicorn ever as well as one of the world's...

Latest stories

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...