Monday, April 29, 2024

Yearly Archives: 2019

Hong Kong Leads Global IPO Market in 2019: KPMG China

Despite widespread civil unrest in 2019 the Hong Kong Stock Exchange has once again topped the global market for initial public offerings (IPO) according...

Shanghai Launches Big Data Sharing Trials with Four Chinese Banks

Shanghai has launched a trial initiative for the sharing of data with key lenders in a bid to improve financial inclusion for micro and...

Shenzhen Stock Exchange Launches Blockchain 50 Index

The Shenzhen Stock Exchange (SSE) has launched a new index to cover blockchain-related stocks. SSE recently announced that in order to reflect the performance...

Tencent to Launch Digital Currency Research Team

Chinese tech giant Tencent has unveiled plans to establish its own digital currency research group in response to efforts on the part of the...

FinVolution Group (formerly PPDai Group) Obtains License for P2P Lending in Indonesia

Shanghai-based online lender FinVolution Group (formerly PPDai Group) has obtained a license to engage in P2P lending operations in Indonesia. FinVolution Group announced on...

Tencent Plans to Invest USD$10 Billion in Europe in 2020

Chinese tech giant Tencent has revealed plans to step up investments in the European market in 2020, with an especial focus on Germany. Li...

Ant Financial Grabs Stake in Vietnamese Fintech Company eMonkey

Fintech giant Ant Financial has discretely acquired a sizeable stake in Vietnamese e-wallet company eMonkey amidst intensifying anti-Chinese sentiment in China's southern neighbour. Sources...

Beijing Flags Opening of Power, Telecoms, Rail, Oil and Gas Sectors to Private Competition

The Chinese central government has issued a directive which calls for loosening of the conditions for private enterprise to operate in the national economy....

Chinese Consumer Loans Hit USD$1.9 Trillion in Total

A new report from Baidu spin-off Du Xiaoman on consumer finance in China points to ongoing rapid growth in the sector on 2019. The...

Chinese Central Bank Warns of Global Threat Posed by Stablecoin Cryptocurrencies

A senior official from the People's Bank of China (PBOC) has highlighted the potential impact of stablecoins such as Facebook's proposed Libra cryptocurrency upon...

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