Thursday, October 22, 2020
Tags Fintech

Tag: Fintech

Online Lending Platforms Struggle to Provide Compensation Post-Liquidation

Heightened regulatory scrutiny has left online lending platforms hard hit, with a plunge in the launch of new platforms and failure on the part...

Ethereum Declared Best Blockchain by Chinese Government

A new report from China's Ministry of Industry and Information Technology (MIIT) has named Ethereum the leading public blockchain. The report from MIIT's China Center...

“Blockchains Have No Future as Money”: China’s Central Bank

People's Bank of China counsellor Sheng Songcheng (盛松成) has put a dampener on any hopes that cryptocurrencies will enter widespread use in China as...

China’s Unicorns Concentrated in Four Cities: Ren Zeping

A new report says that China's unicorn start-ups are primarily concentrated in the four cities of Beijing, Hangzhou, Shanghai and Shenzhen, and primarily dependent...

“China and the US Will Account for 90% of Breakthrough Artificial Intelligence Firms”

American venture capitalist Jim Breyer expects the vast majority of "breakthrough" artificial intelligence firms to emerge from either China or the United States over...

Agricultural Bank of China Suspends Consumer Finance, P2P Payment Channels

The Agricultural Bank of China has announced the suspension of payment channels for certain forms of online lending that are currently coming under greater...

Consumer Lending by Ant Financial Doubles Since 2017

Alibaba Group's online credit vehicle has has seen its consumer lending volume rise to over 600 billion yuan (approx. USD$95 billion) according to sources...

Zhou Xiaochuan Reveals PBOC Is Developing Its Own Digital Currency

The Chinese central bank has revealed that it is working on the development of its own digital currency as part of efforts to improve...

“Scope of Blockchain Bubble Equals the Scope of Misunderstanding”: Xinhua

The state-run Xinhua News Agency has warned that misunderstandings amongst investors threaten to inflate a bubble in blockchain-related tech stocks. A new Xinhua article entitled "Blockchains:...

Chinese Communist Party Issues New Warning on Blockchain Speculation

The flagship newspaper of the Chinese Communist Party has published a new article warning readers of the perils of speculative investment in blockchain related...

Most Read

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...