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JD Finance Sees Tech Revenues Surge, Valuation Exceeds 130B Yuan
JD.com’s recently renamed fintech subsidiary has seen a surge in its tech-related revenues in 2018. More »
Category
Fintech
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Rise of Fintech Need not Cause Existential Crisis for Chinese Banks: CRIFS
A researcher from one of China’s leading economic think tanks has hailed the potential for banks to collaborate with tech companies in the fintech sphere. More »
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Chinese Bankers Foresee Rise in Fintech Subsidiaries
Members of China’s banking sector expect domestic lenders to continue to launch their own fintech subsidiaries in order to shore up their competitive capability. More »
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Facial Scan Cash Withdrawals Make Their Debut in Fujian Province
Chinese banks are expected to drive the deployment of biometric technology at ATM’s this year, permit customers to make cash withdrawals via facial scans and freeing from the need to use their bank cards or smart devices. More »
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Ping An and Alibaba Tops IPR Daily’s 2018 Global Fintech Patent List
A new ranking of international fintech patents for 2018 puts Chinese finance conglomerate Ping An and internet behemoth Alibaba at the fore of global applicants. More »
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China Banking Association Launches Blockchain-based Trade Finance Platform
The peak self-regulatory body for China’s banking sector has announced the launch of a blockchain-based platform to improve the efficiency of Chinese trade finance. More »
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Aspiring Licensees Line Up in Anticipation of Consumer Finance Boom
Domestic analysts foresee a boom in consumer finance in China, prompting an increasing number of financial institutions to apply for licenses from regulators. More »
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Didi Chuxing Expands into China’s Nationwide Fintech Scene
Trouble-plagued Chinese ride-hailing service Didi Chuxing had just unveiled a range of fintech products amidst efforts to diversify beyond its original business scope. More »
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P2P Crackdown Could Cull 70% of China’s Online Lending Platforms, Spare Just 300 in 2019
China’s ongoing crackdown on risk in relation to internet finance could lead to a plunge in the number of active P2P lending platforms in 2019. More »
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China’s Banking Regulator Hails Fintech’s Potential
A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has hailed the application potential of emerging forms of fintech such as the Internet of Things, big data, cloud computing, artificial intelligence and the blockchain. More »
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Nearly 40% of Chinese Investors Willing to Bet on Cryptocurrencies in Future
A new survey on the state of the cryptocurrency market in China has found that around 40% of respondents would be willing to invest in virtual money in future. More »
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PBOC’s New Financial Stability Chief Stresses Payments Risk, Comprehensive Statistics
The newly appointed head of the Chinese central bank’s financial stability department has a track record of pushing for heightened prevention of payments-related risk as well as improved information gathering systems on the part of regulators. More »
