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China Merchants Bank Grabs Approval for Joint-venture with JD Technology

One of China's leading joint-stock banks has obtained the green light from regulators for a joint-venture with the fintech unit of Chinese...

JD Technology’s IPO Application Terminated by Shanghai Stock Exchange

The Shanghai bourse has announced the termination of the application for an initial public offering (IPO) made by JD.com's fintech unit last...

Shenzhen and Hong Kong Commence Digital Renminbi Cross-border Payments Trials

Trials for the use of the Digital Renminbi for cross-border payments purposes have commenced in the neighbouring cities of Shenzhen and Hong...

China Launches Its First Big Data Exchange in Beijing

China has just seen the launch of its first big data exchange in the national capital of Beijing.

ICBC’s Fintech Unit Launches Subsidiary in Beijing, Enters Strategic Agreement with Municipal Regulators

The fintech unit of China and the world's biggest bank in terms of assets has launched its own subsidiary in Beijing amidst...

Beijing Calls for Reductions in Payments Costs, Accelerated Use of Digital Renminbi to Drive New Forms of Consumption

The Chinese central government has outlined a range of financial measures to help expedite new forms of consumption in the wake of...

Big Six Chinese Banks All Launch Digital Renminbi Wallets, Trial Initiatives for CBDC Accelerate

China is fast expanding trials for the usage of the Digital Renminbi amongst both key financial institutions and at an increasing number...

China’s Banking Sector Sees Launch of 13th Fintech Subsidiary

The Chinese banking sector has just seen the establishment of another fintech vehicle by a domestic lender.

Curbs on Data Collection by Chinese Fintech Apps Set to Come into Effect at Start of May

China is on track to launch new rules that place limits on data collection by financial apps, amidst efforts to tighten regulation...

PBOC to Accelerate Digital Renminbi Deployment to “Back up” China’s Alipay, WeChat Dominated Payments System

The head of the Chinese central bank's digital currency unit has flagged measures to accelerate the use of the Digital Renminbi, in...

Huawei Grabs Payments License via Acquisition of Shenzhen Payments Company

Huawei has become the latest in a long list of Chinese tech companies to obtain a license for payments operations via the...

Tencent Says Cooperation with Regulators Is the Focus of Its Fintech Strategy as Revenues Surge Nearly 30%

Tech giant Tencent has made explicit its eagerness to cooperate closely with Chinese regulators following a sharp tightening in regulation of the...

Latest stories

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...