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Lack of Talent an Impediment to Fintech Ambitions of Chinese Banks

A new report from the peak body for the Chinese banking sector highlights to a an insufficient pool of talent to satisfy...

Chinese Mobile Payments Surge 61.19% YoY in 2018: PBOC Report

A new report from the Chinese central bank on the domestic payments sector points to surging growth in mobile payments in 2018....

Shenzhen Metro System Teams up with Tencent to Launch Blockchain-based Electronic Invoices

The Shenzhen Metro system has just launched China's first blockchain-based electronic fapiao (invoice) system for an urban rail network.

Ping An’s Patent Applications Surge 400% in 2018, Fintech Innovations Predominate

Chinese insurance giant Ping An Insurance has reported a surge in the number of patents it applied for 2018, with fintech-related areas...

Chinese Artificial Intelligence Research on Track to Converge with the US by 2020

A new report indicates that China's research endeavours in the field of artificial intelligence are fast approaching those of the United States,...

Online Financial Institutions Integrated into China’s Credit System

The Chinese central bank is pressing ahead with efforts to incorporate online financial institutions in the country's broader credit system.

Top PBOC Researcher Says Central Bank Digital Currency Can Optimise Payments and Monetary Policy

The Chinese central bank's top digital currency researcher has hailed the potential for virtual currencies to improve both payment systems and monetary...

Complaints over Online Insurers Surge 121% in 2018: CBIRC

The China Banking and Insurance Regulatory Commission (CBIRC) reports a surge in complaints over online insurers in 2018.

Chinese Online Lending Platforms See 14.21% Rise in Overdue Loans, 17 Plan Benign Exits

China's online lending platforms saw a decline in transaction volumes in tandem with a rise in overdue loans in the month of...

Xiaomi Scraps Micro-loan Subsidiary as Chinese Microcredit Sector Struggles

Chinese consumer electronics giant Xiaomi has just shut down one of its micro loan subsidiaries as the microcredit sector enters a slump.

China’s Banking Regulator Flags Continued Scrutiny of Shadow Banking, Increased Use of Regtech

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has indicated that the authority will continue to focus its...

Citibank Connects Corporate Accounts to NetsUnion Clearing Corporation Platform

Citibank (China) has become one of the first foreign-invested lenders in China to connect its corporate accounts to the the Chinese central...

Latest stories

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...