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 secondary loan market. More »
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% surge in Wind’s blockchain index across a period of just over a month. More »
The Chinese central bank has brought a halt to banking sector financial institutions providing services in relation to cryptocurrency transactions, according to a report from the South China Morning Post. More »
China’s stock exchanges have issued public warnings about speculation involving blockchain-related companies, as well as suspended trading of several blockchain-affiliated shares. More »
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, according to internal documents seen by Reuters. More »
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 inclusion,and tap customers who continue to lack ready access to financial services. More »
Bitcoin mining in China is so lucrative that business would still be profitable following a 50% plunge in the crypto-curency’s prices, according to the latest analysis from Bloomberg New Energy Finance. More »
A slew of Shenzhen-listed tech companies have made public disclosures on their level of involvement with blockchain technology, as regulators step their scrutiny of any risk-fraught Fintech undertakings. More »
China’s ongoing deleveraging campaign is expected to cool the boom in consumer loan securitisation by online micro-lenders and large-scale Fintech concerns. More »
Chinese Internet giant Tencent has improved its Fintech chops with the acquisition of a license to conduct third-party fund sales by one of its wholly owned subsidiaries. More »
The People’s Bank of China believes it can reduce the scale of domestic bitcoin production by ordering local governments to crack down on power consumption by miners, according to sources speaking to Reuters. More »
Ant Financial’s ambitions to take over US payments giant MoneyGram International have been thwarted by a US government panel that has rejected the purchase on national security grounds. More »
