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Central Bank Cryptocurrency Praised in Chinese Communist Party’s Flagship Newspaper

An opinion piece published by the flagship newspaper of the Chinese Communist Party has extolled the economic and financial potential of central...

Tencent’s WeBank Eyes Foray into Australian Online Banking

The online lending vehicle of one of China's leading tech giants has signalled ambitions to expand into the Australian digital banking sector.

Citigroup, Goldman Sachs, JPMorgan and Credit Suisse Abandon Chinese P2P Deals

The woes of China's peer-to-peer lending sector continue to worsen, with US investment banks abandoning stateside IPO's for Chinese platforms en masse...

Leading Chinese Think Tank Warns of Mobile Payments Impact on Monetary Policy

A new report from one of China's leading financial and economic think tanks has outlined the potential impacts of the roaring growth...

China Construction Bank to Trial Facial Scan Payments on Shanghai Trams

One of China's big four state-owned banks plans to trial the use of biometric payments on trams in the Zhangjiang Hi-tech Park...

JPMorgan Chase China Launches E-commerce Payments Platform

The Chinese subsidiary of the biggest bank in the United States has launched a new e-commerce payments platform in collaboration with a...

State of Chinese Mobile Payments Revealed by New Report from Peak Industry Body

A new report from China's peak body for the payments and clearing sector has shed light on the state of the Chinese...

Beijing Steps up Pressure on Chinese P2P Lenders with Call for “Targeted Bomb Disposal”

The Chinese central government has flagged greater pressure on the P2P lending sector with a call for "targeted bomb disposal", as analysts...

Deposit Centralisation to Crimp Profits of China’s Mobile Payments Giants

The Chinese government's centralised processing of all deposits held by third party payments providers on behalf of clients is expected to put...

China Emerges as Global Leader in Blockchain and Artificial Intelligence Patents

A new report from accounting and consultancy network UHY indicates that China has recently emerged as a global leader when it comes...

China Accounted for Nearly 75% of Global Fintech Investment in 2018

Investors in China poured enthusiastically into the fintech sector in 2018 despite heightened scrutiny from central government regulators.

Bank of Communications Highlights Ten Key Chinese Fintech Trends for 2019

He Fei (何飞), a senior researcher with Bank of Communications, forecasts a range of major trends set to sweep the Chinese fintech sector this...

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...