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Baidu Teams up with China Citic to Launch Fintech Direct Bank

Chinese Internet giant Baidu has teamed up with mid-tier lender China Citic Bank to launch a fintech joint-venture that will use AI and big...

Alibaba’s Singles’ Day Marketing Campaign Pushes Sales to Record Heights

Alibaba Group's star-studded marketing campaign for China's Singles' Day has driven a surge in one day online sales, advancing its ambitions to transform the...

Microlending Crackdown Stymies Fintech IPO’s

Concerns over stricter regulation of online lending are dimming the prospects for initial public offerings by Chinese Fintech companies. Chinese regulators are reportedly mulling a...

Online Lending Platforms Struggle Due to Security Concerns

Online lending platforms in China have seen a decline in total transactions following dozens of closures. Data from Rong360 indicates that the online lending sector...

Central Bank Wants All Fintech Activities Made Subject to Regulation and Approval Requirements

The People's Bank of China has issued a strong signal that the Chinese Fintech market will be subject to stronger regulatory scrutiny and controls. While...

Southern China Needs Fintech Sandbox: Former Chief Banking Regulator

The former head of China's banking authority is calling for the establishment of a Fintech regulatory "sandbox" in the economic powerhouse of the Pearl...

Use of Bitcoin as Money “Disastrous”: PBOC Digital Currency Research Chief

The head of the People's Bank of China's digital currency research department has deplored the use of virtual currencies such as Bitcoin as a...

Tencent Grabs Approval to Sell Insurance via WeChat and QQ

Chinese Internet giant Tencent has obtained the green light from regulators to sell insurance via online platforms such as WeChat and QQ. The official website...

Beijing Wants a Slice of China’s Online Giants

Concerns over the immense clout of tech companies in the online era has prompted the Chinese government to push for equity stakes in the...

China’s Bitcoin Ban Won’t Affect Blockchains: Central Bank

China's central bank says that domestic research and development of blockchains will continue despite the recent crackdown on initial coin offerings and the shutdown...

AliPay and Tencent Hop Aboard Chinese Public Transit

Following fierce competition in the convenience store, supermarket, taxi and ride-sharing sectors, China's leading online and mobile payment providers are vying for a slice...

Bitcoin Wealth Management Platforms Tout 40% Returns Despite Beijing’s Virtual Currency Crackdown

Bitcoin wealth management platforms in China continue to promise annualised returns of up to 40% to investors, despite Beijing's decision to ban a slew...

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.