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Chinese Regulators Step up Focus on Fintech with 1828 Fines in 2017

The People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission have jointly issued a total of 1,828...

China Declares Initial Coin Offerings Illegal

The Chinese government has just declared initial coin offerings to be an illegal form of financial activity, mandating a ban on cryptocurrency crowdfunding as...

BTC China Suspends ICO’s in Anticipation of Cryptocurrency Crackdown

One of China's largest Bitcoin exchanges has announced the suspension of initial coin offerings, as Chinese regulators flag the possibility of a provisional ban...

Chinese Regulatory Source Calls for Ban on Initial Coin Offerings ASAP

A Chinese regulatory source has said to www.financialnews.com.cn that crowdfunding via cryptocurrencies should be subject to a ban as soon as possible. Initial coin offerings and...

Chinese Regulators Mull Ban on Cryptocurrency Crowdfunding

China's financial regulators are considering a ban on crowdfunding by means of cryptocurrencies, as authorities in other leading economies step up their scrutiny of...

Fintech Contributes to 3 Trillion Yuan Decline in Chinese Personal Current Accounts and Cash

The personal current account and cash components of China's money supply have seen a precipitous decline over the past six months in tandem with...

Chinese Consumers Lead the World in Fintech Adoption: Ernst & Young

A new survey from Ernst & Young indicates that Chinese consumers are world leaders in the usage and adoption of the latest Fintech innovations. The...

JD.com Founder Richard Liu Says AI Could Soon Make True Communism a Reality

The founder of one of China's leading e-commerce platforms has said that rapid advances in the field of artificial intelligence could soon make the...

Latest stories

Xi Jinping Hails “Complete Victory” in China’s Efforts to Eradicate Extreme Poverty

Chinese President Xi Jinping has publicly hailed the success of China's efforts to eradicate extreme poverty in the country's rural countryside.

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...