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Five of Shanghai’s Second Batch of Fintech Sandbox Projects Wrap up Registration

The Shanghai government has announced that five of the projects for its second round of fintech sandbox trials have completed registration and...

China’s Financial Regulators Summon Tencent, Du Xiaoman, JD.com and ByteDance for Anti-trust “Regulatory Discussions”

China's top financial authorities have summoned over a dozen of the country's leading Internet platforms for disciplinary "regulatory discussions" following concerns about...

Shenzhen Trials Use of Digital Renminbi to Channel 196 Million Yuan in Enterprise and Employment Stabilization Funds

The southern Chinese tech hub of Shenzhen is further expanding the usage scope of the Digital Renminbi in ongoing local trials.

Chinese Central Bank and Ant Group Enter Strategic Cooperative Agreement for Development of Digital Renminbi Platform

The digital currency research unit of the Chinese central bank has entered a cooperative partnership with Jack Ma's fintech platform Ant Group...

Ant Group’s Ties Come under Scrutiny over Hasty Approvals for Scuppered IPO

The woes of Jack Ma's Ant Group continue to grow, with Chinese regulators reportedly investigating the unusual haste with which it obtained...

Beijing, Shanghai and Shenzhen Top List of China’s Leading Fintech Centres

A new report on China's leading fintech hubs puts the national capital of Beijing at the apex.

China’s Patent Commercialization Rate at over 34% in 2020

Over one third of China's patents reach the commercialisation stage according to the latest official data from the Chinese government.

Digital Renminbi Cannot Be Refused for Payments by Individuals and Institutions in China: PBOC Digital Currency Team

The Chinese central bank's digital currency unit has reiterated the status of the Digital Renminbi as statutory currency in China, making its...

ICBC Debuts More than 30 New Digital Renminbi Applications at Digital China Summit in Fuzhou

China and the world's biggest bank in terms of assets is touting the research outcomes of its participation in ongoing trials of...

China’s Banking Regulator Highlights Blockchain and Cryptocurrency Risk as Part of Campaign against Illegal Financing

The China Banking and Insurance Regulatory Commission (CBIRC) has reiterated its commitment to the prevention of illegal forms of fundraising in the...

Zhou Xiaochuan Says Digital Renminbi Will Not Create “Severe” Shock for Global Financial System

The former head of the Chinese central bank has sought to assuage concerns about the potential impacts of China's Digital Renminbi upon...

Ant Group’s Yu’e Bao Money Market Fund Posts over 18% Contraction in First Quarter

Ant Group's Yu'e Bao, formerly the world's largest money market fund, has seen its assets under management contract significantly in the first...

Latest stories

BlackRock Grabs Approval from Chinese Regulators for Majority-owned Wealth Management Joint Venture

Investment giant BlackRock has cinched approval from Chinese regulators to establish a majority-owned wealth management joint venture (JV).

Industrial Enterprise Profits Rise 107.3% YoY in First Quarter: Chinese Central Bank Survey

A survey conducted by the People's Bank of China (PBOC) points to a doubling in industrial enterprise profits in the first quarter,...

Structured Deposits in China Plunge over 42%

Structured deposits of Chinese banks have seen a precipitous decline following the launch of a crack down on use of the instruments...

Renminbi Loans up 12.3% YoY in April, Total Social Financing in China Contracts

The Chinese central bank has released its latest raft of data on the state of China's finance system in the month of...