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ATM’s in Beijing Offer Digital Renminbi Exchange Services

ATM's in the Chinese capital of Beijing have started to offer services in relation to China's new central bank digital currency (CBDC),...

China CITIC Bank Hails Success of Blockchain Payments Platform in Xiong’an New Area

Joint-stock lender China CITIC Bank has hailed the results of a blockchain payments platform that it first deployed in the Xiong'an New...

China to Draft New Legislation for Non-Depository Lending Institutions, Privately Offered Investment Funds

Beijing has announced plans to draft new legislation on non-depository lending institutions and privately offered investment funds.

Alibaba Cloud to Serve as Key Support for Alibaba Group’s Market Value: CITIC Securities

A new report from CITIC Securities highlights the future role of Alibaba's cloud subsidiary in driving the company's market value.

China’s First On-Chain Digital Renminbi Salaries Paid to Workers in Xiong’an New District

Xiong'an New District in Hebei province has just debuted the use of the Digital Renminbi to make salary payments via a local...

Digitisation of Finance Won’t Eradicate Risk, Just Make It More Complex: China Construction Bank President

The head of one of China's big state-owned banks has highlighted the risks that could be created by the increasing digitisation of...

Golden Share System Better than Direct State Ownership for Controlling Systemically Important Fintech Companies: Top Chinese Central Banker

One of China's leading economists and formerly a top official at the Chinese central bank has called for the use of the...

Digital Transformation of China’s Regional Banks Hampered by Lack of Talent: Tencent White Paper

A new white paper released by Tencent points to a scarcity of fintech talent as a critical impediment to the digitisation of...

China’s Fintech Sandboxes Set to Further Expand to Dalian, Guizhou, Hubei, Shanxi and Xinjiang

China is in the process of dramatically expanding the number of cities and regions that are conducting fintech regulatory sandbox trials for...

Ant Group’s Blockchain Subsidiary to Immortalise Top Scorer’s Performance at UEFA EURO 2020 After Entering Five Year Global Partnership

Ant Group's blockchain vehicle will be responsible for permanent recording of the top scorer's performance at the Union of European Football Association's...

Tsinghua University Calls for Establishment of “Personal Data Account” System to Balance Privacy Protections with Big Data Applications

One of China's top tertiary institutions has called for the establishment of a specialised personal data system in order to expedite the...

Chinese Central Bank Seeks to Standardise Cross-border Renminbi Payments, Reportedly Reduces Processing Costs by 70% with New CIPS Transceiver

The People's Bank of China (PBOC) has recently undertaken measures to better standardise cross-border renminbi payments and settlements made via its Cross-Border...

Latest stories

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June. 

Guangxi Rural Credit Society Becomes 14th Chinese Bank to Establish Fintech Subsidiary

A rural lender in the south-western province of Guangxi has become the latest banking sector financial institution in China to launch its...

Chinese Central Bank Calls for Greater Adoption of Legal Entity Identifiers as Part of Financial Digitisation and Opening

A senior official from the Chinese central bank has called for driving the increased used of global legal entity identifiers (LEI's) in...