One of China’s big state-owned banks has teamed up with a leading supply chain finance platform to develop new fintech innovations.
The fintech subsidiary of China’s biggest bank in terms of assets has just commenced operation in the Xiong’an New Area of Hebei province.
One of China’s big six state-owned banks is teaming up with a leading tech giant to engage in fintech cooperation.
The head of the Chinese central bank’s monetary policy unit has warned of the problems that the rapid development of fintech is creating for local financial regulators, as well as called for a slew of compensating reforms.
The number of online lending platforms operating in China on a regular basis has seen a precipitous decline compared to its peak, falling below the 1000-platform threshold for the first time.
Leading Chinese tech investor Sequoia Capital China plans to shed as much as a fifth of its investment personnel in response to a tech sector slowdown according to sources speaking to Reuters.
A leading commercial bank in China has helped launch a new fintech platform in the south-eastern province of Fujian as part of efforts use big data, the blockchain and cloud computing to drive financial inclusion.
Investment in China’s fintech sector has seen a precipitous drop since the start of 2019 according to a new report.
Online lender MYBank has attributed its poor profit performance in 2018 to efforts to expand financial inclusion for micro and small enterprises (MSE).
Chinese tech giant Tencent is collaborating on the development of blockchain-based insurtech solutions as part of efforts to compete against chief rival Ant Financial in the new healthcare crowdfunding space.