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Chinese Communist Party Issues New Warning on Blockchain Speculation

The flagship newspaper of the Chinese Communist Party has published a new article warning readers of the perils of speculative investment in blockchain related...

Chinese Communist Party Flags Crackdown on Cryptocurrency Speculation

The flagship newspaper of the Chinese Communist Party has published an editorial warning against the perils of speculation in bitcoin and other cryptocurrencies, as...

Chinese Payment Provider LianLian International Joins Ripple Blockchain

Hong Kong-based payment provider LianLian International has announced that it will join the RippleNet payment network that facilitates cross-border transactions via the use of...

Hacker Infiltrates PBOC’s Email System to Spread Fake Bitcoin Rumours

A hacker has accessed the email system of the Hefei branch of the Chinese central bank and used it to spread fake reports of...

China Flags Ban on Domestic and Overseas Cryptocurrency Trading Platforms

The central bank's official news publication reports that China plans to further step up its crackdown on the cryptocurrency market with bans on both...

China Opens its First Online Exchange for Distressed Debt

China's biggest asset management company has just launched the country's first online platform that provides for the trading of distressed debt assets, as Beijing...

Banking Regulator Calls for Adoption of Blockchain Technology for Secondary Loans

The China Banking Regulatory Commission has called for the expanded adoption of blockchain technology as part of efforts to spur the growth of China's...

State Media Warns Against Speculation in Cryptocurrencies and Blockchain Stocks

China's state-run Xinhua News Agency has published an editorial alerting readers to the perils of speculation in cryptocurrencies and blockchain-related stocks, following a 25%...

Chinese Central Bank Cracks Down on Cryptocurrency Transactions

The Chinese central bank has brought a halt to banking sector financial institutions providing services in relation to cryptocurrency transactions, according to a report...

China’s Stock Exchanges Suspend Shares Over Blockchain Speculation

China's stock exchanges have issued public warnings about speculation involving blockchain-related companies, as well as suspended trading of several blockchain-affiliated shares. On Wednesday 17 January...

Central Bank Official Calls for China to Scrap Centralised Crypto-currency Trades

A senior official from the People's Bank of China has called for the centralised trading of crypto-currencies to be banned outright in the country,...

Chinese Banks Could Reap USD$63.4b from Fintech by 2020: EY

Chinese banks could reap an additional USD$63.4 billion in revenue by the end of the decade should they use Fintech to shore up financial...

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...