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Guangdong Issues Directive Calling for Use of Fintech and Data Sharing to Drive Financial Inclusion, ESG Investment and Tech Lending

The provincial government of Guangdong has released a new directive calling for the use of fintech and data technologies to enhance lending...

PBOC Outlines Areas Where Digital Renminbi Still Needs to Improve

A senior official from the Chinese central bank has provided details on areas of focus for the ongoing testing and development of...

Chinese Central Bank Flags Launch of New Fintech Development Plan

A senior official from the Chinese central bank has outlined plans to release a new fintech development plan as part of efforts...

Blockchain Technology Is the Key to Solving Supply Chain Finance Challenges: Chinese Official

A senior regulatory official has highlighted the importance of applying blockchain technology to ongoing efforts to improve China's supply chain finance systems....

Beijing Designates Lize Financial Business District as Digital Renminbi Pilot Zone

The Beijing municipal government has added another digital renminbi pilot zone to the city as part of ongoing efforts to properly test...

China Banking Association Calls for Greater Digital Financial Inclusion, Establishment of National Data Platform

The peak body for the Chinese banking sector has called for greater use of digital channels and big data to drive financial...

Bank of China Teams up with BestPay to Launch Digital Renminbi Wallets

One of China's big state-owned banks is teaming up with a leading digital payments provider on the provision of digital renminbi wallets...

ICBC Teams up with Jinjiang Hotels to Provide Digital Renminbi Payments

China's biggest bank in terms of assets is working with a leading Chinese hotelier to permit the use of digital renminbi payments...

China’s Banking Authority Flags Regulatory Targeting of Real Estate Lending, Wealth Management Sector and Online Platforms

The China Banking and Insurance Regulatory Commission (CBIRC) said that it will step up pressure on a range of financial sub-sectors through...

Chinese Central Bank Calls for Greater Haste in Remedying Fintech Regulatory Gaps, All Encompassing Prudential Regulation

A senior official from the People's Bank of China (PBOC) has called for greater efforts to address shortcomings in the regulatory regime...

China Is Pursuing Rhineland Capitalism, Not Cancelling Markets : Part 1 of a 2 Part Interview with Bert Hofman, Former World Bank Country Director...

Bert Hofman, director of the East Asian Institute at the National University of Singapore and previously the World Bank's Country Director for...

Bank of Communications, JD.com Team up on 16 Million Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) and e-commerce giant JD.com have teamed up on another digital renminbi lottery, this time concurrently...

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PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.