The Shanghai office of the Chinese central bank has flagged the provision of support to small and medium-sized lenders that meet with temporary liquidity problems, in the wake of the government’s takeover of Inner Mongolia’s beleaguered Baoshang Bank.
China has just issued its first batch of 5G commercial licenses to a slew of the country’s leading telecommunications companies.
Representatives from three of China’s leading tech giants have gathered together at a domestic industry forum to discuss the potential of blockchain technology.
The Chinese government is accelerating efforts to improve its overall policy framework for development and regulation of the digital economy.
Chinese tech giant Tencent is taking the lead in a USD$40 million funding round for an open banking fintech startup based in London.
Biometric-based payments methods in China have just taken another step forward with the recent completion of the first offline facial-scan transaction based on standards set by the Chinese central bank in the Zhejiang province port city of Ningbo.
Chinese fintech giant 360 Finance (360金融) is teaming up with Tianjin-based regional lender China Bohai Bank (渤海银) for “comprehensive” cooperation in the field of payments and settlement.
The Ministry for Industry and Information Technology (MIIT) has released a new list of internet security technology application trial projects.
One of China’s big six state-owned lenders has used 5G-technology to create a “smart branch” in the nation’s capital that employs a swathe of the latest fintech applications to further enhance and automate its services.
The head of one of China’s leading think tanks has warned of the broader risk implications posed by the rapid growth of the country’s fintech sector.