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Monthly Archives: July, 2018

Beijing Unveils New Guidelines for Development of China’s Industrial Internet

The Ministry of Industry and Information Technology (MIIT) is driving the development of the industrial internet in China with the release of new guidance...

China Host to More Than 200 Insurtech Startups

A new report points to robust investment by China's insurance sector in insurtech startups. The 2017 China Insurance Technology Investment and Finance Report estimates that...

Regulation of Bank Wealth Management Products Set to Further Intensify

China's financial authorities will step up regulation of the country's asset management sector and wealth management products as part of ongoing efforts to contain...

Chengdu Development Zone Grants Fintech Subsidies to 240 Companies

The Sichuan capital of Chengdu has ambitions to establish itself as an international fintech hub with the provision of subsidies to a slew of...

China Accounts for 70% of Global Artificial Intelligence Funding

A new study indicates that Chinese artificial intelligence companies account for the majority of global financing in the sector. The "China AI Development Report 2018"...

CBIRC Calls for Chinese Banks to Make Greater Use of Fintech

The China Banking and Insurance Regulatory Commission (CBIRC) has called for the increased adoption of fintech by the country’s lenders. A meeting convened by CBIRC...

Chinese Central Bank Says Monetary Policy Can’t Do It Alone, Fiscal Vigour Needed

An opinion piece published by the Chinese central bank's official news publication has advocated the adoption of more vigorous fiscal policy, arguing that monetary...

Tencent Has Ambitions to Expand WeChat Pay’s US Presence

Chinese internet giant Tencent is intent on expanding the presence of its payments vehicle WeChat Pay in the US market despite escalating Sino-US trade...

Hong Kong Turns to Ping An Group for Blockchain-driven Trade Finance Platform

The Hong Kong Monetary Authority plans to launch a blockchain-based trade finance platform using technology that has already been deployed in mainland China. The initiative...

China’s Local Governments Rolled over 100 Billion Yuan in Debt in First Half of 2018

China's local governments are using much of the funds raised from new bond issues to repay outstanding debt on track to mature. Data from China's...

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