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Banking Fintech

PBOC’s Shanghai Office Flags Support for Smaller Banks with Provisional Liquidity Issues, Punishment for Rumour Mongers

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.

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Fintech

China Issues First 5G Commercial Licenses to Four Companies

China has just issued its first batch of 5G commercial licenses to a slew of the country’s leading telecommunications companies.

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Banking Fintech

Baidu, Ant Financial and Tencent Discuss the Tao of the Blockchain at Industry Summit

Representatives from three of China’s leading tech giants have gathered together at a domestic industry forum to discuss the potential of blockchain technology.

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Economy Fintech

China Puts Finishing Touches on Digital Economy Policy Framework, 5G Expected to Drive 15.2T Yuan in Growth

The Chinese government is accelerating efforts to improve its overall policy framework for development and regulation of the digital economy.

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Banking Fintech

Tencent Leads $40M Investment in London Fintech Startup TrueLayer

Chinese tech giant Tencent is taking the lead in a USD$40 million funding round for an open banking fintech startup based in London.

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Banking Fintech

First Offline Facial Scan Transaction Based on Central Bank Standards Completed in Ningbo

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.

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Banking Fintech

Qihoo Fintech Spin-off 360 Finance Enters Cooperative Agreement with China Bohai Bank

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.

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Banking Fintech

IoT Take Pride of Place on Beijing’s New Internet Security Trial Project List

The Ministry for Industry and Information Technology (MIIT) has released a new list of internet security technology application trial projects.

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Banking Fintech

Bank of China Launches 5G-driven Smart Branch in Beijing

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.

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Banking Fintech

Fintech Presents Generalised Risk: National Institution for Finance & Development

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.