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Qingdao to Create Digital Renminbi Ecosystem

The Shandong province port city of Qingdao says it will drive the creation of a digital renminbi "ecosystem" as part of broader...

Ex-Bank of China Chief Warns Libra, Diem Could Strengthen US dollar “Hegemony,” Highlights Challenges of Decentralised Finance

The former head of one of China's big state-owned banks has warned that emerging cryptocurrencies such as Libra and Diem could potentially...

Pudong District of Shanghai Launches China’s First Financial Data Harbour

The Pudong New Area of Shanghai has just launched a new demonstration zone to step up fintech applications and integrate financial sector...

Ministry of Industry and Information Technology Launches Six Month Crackdown on China’s Internet Sector

The Chinese central government has launched a far-reaching six month crackdown on China's massive online economy, in the wake of aggressive action...

China’s Smaller Banks Achieve Breakthroughs in Fintech Adoption: KPMG

Research from international consultancy KPMG highlights rapid growth in the adoption of fintech by Chinese banks at the smaller end of the...

China’s Cloud Computing Market Grew over 56% in 2020: CAICT White Paper

A new white paper on China's cloud computing sector from one of the country's leading science and technology think tanks indicates that...

Shenzhen Uses Blockchain Technology to Expedite Processing of Export Tax Rebates

The southern Chinese tech hub of Shenzhen is using blockchain technology to expedite the processing of export tax rebates.

Central Bank Raises Information Disclosure Requirements for Chinese Non-bank Payments Platforms

The People's Bank of China (PBOC) has issued new disclosure and reporting requirements for non-bank payments platforms that are scheduled to come...

Baidu Invests 1.5B Yuan in New Data Subsidiary

Chinese tech giant Baidu has invested over USD$230 million in the launch of a new tech company that focuses on big data...

China’s Blockchain Market Hits USD$479 Million in 2020, Five Years after Alibaba and Tencent Launch Research Efforts

A new research report indicates that China's blockchain market has seen booming growth since the country's tech companies first made forays into...

Beijing Financial Court Launches Fintech Legal Research Centre

Beijing's specialised court for the hearing of financial cases has teamed up with a slew of other authorities to create a research...

Ningbo Invests $92 Million in More than 90 Blockchain Projects

The Zhejiang province port city of Ningbo just south of Shanghai is investing heavily in the development of the local blockchain sector...

Latest stories

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...