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Monthly Archives: July, 2018

Crackdown on P2P Lenders Spreads to Hangzhou, 10 Platforms Ensnared within a Week

China's ongoing crackdown on P2P lenders has spread from Nanjing and Shanghai to the Zhejiang province capital of Hangzhou, with a slew of investigations...

Chinese Banks Ordered to “Significantly Cut” Rates for Lending to Small Businesses in Third Quarter

Chinese banks have been ordered to reduce the lending rates they charge small businesses in the third quarter relative to the first quarter according...

SPDB Uses Facial Recognition Technology to Make Bank Cards Redundant

One of Shanghai's leading commercial lenders is using facial recognition technology to identify clients that make use of its  new "smart counters," enabling them...

PBOC Official Calls for Local Governments to Step up Scrutiny of China’s Fintech Sector

A senior official from the Chinese central bank has called for local governments to work with Beijing to step up scrutiny of the burgeoning...

New Policies Support Commercialisation of Chinese Scientific and Technological Research

Both the Chinese central government and local governments around China are launching policies to expedite the commercialisation of scientific and technological research and development. A...

Chinese Central Bank Will Continue to “Firmly Strike” Against Initial Coin Offerings, Cryptocurrency Platforms

The People's Bank of China (PBOC) has signalled that it will maintain its crackdown on initial coin offerings (ICO's) and the use of cryptocurrencies...

Beijing’s Changping District Launches Fintech Standardisation Trial

Changping district in the northwest of Beijing has just launched one of China's first fintech standardisation trials. The Changping District Small and Micro-enterprise Shuangchuang Fintech...

Over a Third of China’s Trust Fund Capital Enters Real Estate Sector in First Half

China's property market controls did little to deter the country's trust funds from investing in the real estate sector in the first half of...

China Needs 1.5 Million More Big Data Professionals

China suffers from a shortfall in big data professionals of more than a million according to a new study from one of the country's...

China and Europe Should Jointly Uphold Rules-based Free Trade System: Chinese Foreign Minister

The Chinese foreign minister has called for China and Europe to "jointly uphold a rules-based free trade system" in the wake of escalating trade...

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