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People’s Bank of China Calls for Greater Fintech Reform

One of the Chinese central bank's top officials has called for greater Fintech reforms and accelerated integration of finance with technology. During the keynote address...

Regulators Set to Step Up Crackdown on Internet Micro-lending

Chinese financial regulators have given signs that they will further intensify their crackdown on the online micro-lending sector, just after calling for the immediate...

Regulators Call for Immediate Suspension of New Online Microlending

Chinese regulators have launched an immediate suspension of the establishment of new online micro-lending platforms, following reports of exorbitant interest rates and widespread unlicensed...

Tencent Becomes Asia’s First Company to Breach Half Trillion Dollar Threshold

Chinese Internet giant Tencent has beat out rival Alibaba to become the first company in Asia to see its market capitalisation exceed the USD$500...

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...

Latest stories

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...