PBOC Announces Approval and Registration of Beijing Fintech Sandbox’s First Round of Applicants

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The Chinese central bank has announced the registration of the first round of participants in the Beijing Fintech Innovation Regulatory Trials (北京金融科技创新监管试点).

According to the announcement made by the People’s Bank of China (PBOC) on 16 March the first round of innovation applications have obtained approval and registration from Chinese authorities, and will officially provide services to users.

The six registered applications include:

No.Ap­pli­ca­tion nameTrial en­ti­ties
1Prod­uct trac­ing cer­ti­fi­ca­tion man­age­ment and sup­ply chain fi­nanc­ing based on the In­ter­net of Things (基于物联网的物品溯源认证管理与供应链金融)ICBC
2Wei­jie Loan prod­uct (微捷贷产品)Agri­cul­tural Bank of China
3China CITIC Bank Smart To­ken prod­uct (中信银行智令产品)China CITIC Bank/ China Union­Pay/ Du Xi­ao­man Fi­nan­cial, Ctrip
4AiBank In­side prod­uctCITIC aiBank
5Rapid Re­view Rapid Loan prod­uct (快审快贷)Bank of Ningbo
6Mo­bile POS in­no­v­a­tive ap­pli­ca­tion (手机POS创新应用)China Union­Pay/ Xi­aomi/ JD Data Sci­ence

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First Batch of Trial Ap­pli­ca­tions for Bei­jing’s Fin­tech Sand­box Re­vealed

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