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Yearly Archives: 2019

Beijing Tops List of Global Fintech Hubs

Beijing has topped a new list of the world's top fintech hubs released by leading research institutes in Zhejiang province. The Global Fintech Hub...

KPMG Releases 2019 China Leading Fintech 50 List

KPMG China has just unveiled its latest list of China's top 50 fintech companies. The 4th China Leading Fintech 50 (中国领先金融科技企业50) list was released...

Greatest Risk for China is Failure to Open up Markets: State Council Researcher

A leading researcher with the Chinese government says that the biggest risk for the economy lies in keeping the domestic market off-limits to foreigners....

China’s Net Foreign Financial Assets Exceed USD$2 Trillion

The latest official data indicates that China's net foreign financial assets exceeded USD$2 trillion as of the end of the third quarter. Data from...

Chinese Central Bank Drives Use of Loan Prime Rate as Benchmark for Floating-rate Loans

The People's Bank of China is driving further use of the loan prime rate (LPR) as a benchmark or the pricing of existing floating-rate...

Ex-chair of Hengfeng Bank Receives Death Sentence for Illegal Transfer of $107 Million in Shares

The former chairman of beleaguered regional lender Hengfeng Bank has been sentenced to death by a Shandong province court. The Middle People's Court of...

China Rapid Financial Seals $8 Million Investment Deal with True North Financial

New York-listed China Rapid Finance has seen its stock price leap following reports that True North Financial, LLC has made an USD$8 million investment...

China Amends Regulatory By-laws Governing Foreign Invested Banks

China's banking authority has unveiled an amended version of by-laws for foreign banks operating in China. On 25 December the China Banking and Insurance...

Everbright Bank Establishes Blockchain-focused Fintech Laboratory in Xiong’an New Area

One of China's leading joint-stock banks has announced the launch of its own fintech research unit in the Xiong'an New Area of Hebei province....

Bank of Hangzhou Grabs Approval for Wealth Management Subsidiary

Bank of Hangzhou's wealth management subsidiary has obtained approval from local regulators to commence operation. Bank of Hangzhou recently announced that the Zhejiang banking...

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