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Monthly Archives: June, 2019

Baidu, Ant Financial and Tencent Discuss the Tao of the Blockchain at Industry Summit

Representatives from three of China's leading tech giants have gathered together at a domestic industry forum to discuss the potential of blockchain technology. Baidu, Ant...

China Puts Finishing Touches on Digital Economy Policy Framework, 5G Expected to Drive 15.2T Yuan in Growth

The Chinese government is accelerating efforts to improve its overall policy framework for development and regulation of the digital economy. Government sources told state...

Tencent Leads $40M Investment in London Fintech Startup TrueLayer

Chinese tech giant Tencent is taking the lead in a USD$40 million funding round for an open banking fintech startup based in London. Sources...

First Offline Facial Scan Transaction Based on Central Bank Standards Completed in Ningbo

Biometric-based payments methods in China have just taken another step forward with the recent completion of the first offline facial-scan transaction based on standards...

Qihoo Fintech Spin-off 360 Finance Enters Cooperative Agreement with China Bohai Bank

Chinese fintech giant 360 Finance (360金融) is teaming up with Tianjin-based regional lender China Bohai Bank (渤海银) for "comprehensive" cooperation in the field of...

IoT Take Pride of Place on Beijing’s New Internet Security Trial Project List

The Ministry for Industry and Information Technology (MIIT) has released a new list of internet security technology application trial projects. The list unveiled by...

Bank of China Launches 5G-driven Smart Branch in Beijing

One of China's big six state-owned lenders has used 5G-technology to create a "smart branch" in the nation's capital that employs a swathe of...

Fintech Presents Generalised Risk: National Institution for Finance & Development

The head of one of China's leading think tanks has warned of the broader risk implications posed by the rapid growth of the country's...

China’s Aged Care Sector Set to Hit 7.8 Trillion Yuan in 2020, State Council Launches VAT Exemption

China's aged care sector to is expected to approach 8 trillion yuan by next year, with Beijing unveiling preferential tax policies to bolster its...

Chinese Central Bank Seeks to Reassure Markets following Baoshang Bank Takeover

The People's Bank of China (PBOC) has sought to assuage concerns about the health of the Chinese banking sector following its recent, unprecedented takeover...

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