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China the World’s Second Biggest Producer of Unicorn Start-ups

China has emerged as the country with the world's second largest number of privately held"unicorn" start-ups that are valued at over USD$1...

Shenzhen Identifies 112 Enterprises that Qualify for Listing on Shanghai’s New Tech Board

The Shenzhen municipal government has identified an initial batch of enterprises that satisfy basic requirements for listing on Shanghai's new tech board....

Big Data Helps Drive 80-fold Increase in Yu’e Bao’s Money Market Fund Assets

Big data has helped to drive an 80-fold increase in assets under management for the 13 money market funds offered by Ant...

Alipay Starts to Charge for Credit Card Repayments

Chinese tech giant Alipay has started to charge fees for use of the payments platform to make credit card repayments.

Fintech Investment by Ping An Bank and China Merchants Bank Surges in 2018

The latest round of financial reports from China's listed banks points to a surge in fintech-related investment.

China’s Digital Trade Expected to Hit 37 Trillion Yuan by 2030

A new report forecasts roaring growth in China' digital economy over the upcoming decade.

Shanghai Launches New Fintech Park in Beiwai Tan

Shanghai is creating a new fintech park in the Beiwai Tan area as part of efforts to develop an industry ecosystem within...

Tencent’s Fintech-related Revenues Surged in 2018

Tencent's latest financial data indicates that revenues derived from its fintech operations are fast approaching those sourced from mobile gaming.

Shanghai’s New Tech Board Gives Green Light to First Group of Nine Companies

The Shanghai Stock Exchange (SSE) has announced that it has given its approval to the listing of nine companies on its new...

Bank of Beijing and ING’s New Digital Bank to be China’s First Foreign Controlled Lender

Municipal lender Bank of Beijing is teaming up with Dutch financial giant ING to launch a digital bank in China.

Lord Mayor of the City of London Travels to China to Promote Sino-UK Fintech Cooperation

The Lord Mayor of the City of London has highlighted the potential for greater cooperation with China in the field of fintech....

Alibaba to Cooperate with Chinese IT Veteran Aisino on Blockchain, Cloud Computing

Internet giant Alibaba plans to cooperate with a leading Chinese IT company on the development of fintech-related technologies.

Latest stories

Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...