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Chinese Central Bank Calls for More Specialist Legislation to Strengthen Protections for Finance Consumers

A senior official from the People's Bank of China (PBOC) has highlighted the need for more specialised legislation to protect the consumers...

Ant Group’s MYBank Leads Online Lending Campaign to Support Chinese Employment Levels

Ant Group-backed digital lender MYBank is one of more than twenty banks taking part in a joint campaign to expand lending to...

Tencent Cloud Inks Strategic Cooperative Agreement with China’s Financial Certification Authority on Blockchain, Digital Transformation

The cloud computing subsidiary of Internet giant Tencent has entered a partnership with China's top authority for financial certification to drive digital...

Bitcoin Has No Real Value: Chinese Central Bank

The People's Bank of China (PBOC) has reiterated its commitment to barring speculation in cryptocurrencies from the Chinese domestic market by declaring...

Hong Kong Monetary Authority to Work with BIS Innovation Hub on Use of Blockchain Technology for Tokenization of Green Bonds

The Hong Kong Monetary Authority (HKMA) is teaming up with the Bank for International Settlements (BIS) Innovation Hub to explore the use...

CITIC aiBank Sees over 76% Profit Growth in First Half, Ongoing Focus on Digitally Driven Financial Inclusion

Private Chinese digital lender CITIC aiBank has seen robust growth in profits during the first half of 2021, amidst efforts to ramp...

Shandong Supreme Court Declares Cryptocurrency Is “Not Money in the Real Sense,” Not Protected by Chinese Law

The Supreme Court of Shandong province in the north of China has made explicit the lack of legal protections for cryptocurrency-related transactions,...

Guangzhou’s Second Group of Fintech Sandbox Projects Commence Official Operation

Three projects from the second round of the Guangzhou fintech regulatory sandbox have officially kicked off operation.

China’s Financial Certification Authority Teams up with Baidu on Artificial Intelligence and Digital Transformation

The top authority for financial certification in China has entered strategic cooperation with one of the country's leading Internet companies to drive...

ByteDance Denies Speculation It Plans to Launch Venture Capital Fund

TikTok-founder ByteDance has denied speculation that it plans to expand further into the venture capital scene after a key change in the...

Over 100 Municipal Banks Set to Join Digital Renminbi Trials via Cooperation with “Operator Institutions”

Domestic observers say that recent moves to include municipal and commercial banks in digital renminbi trials mark a major expansion of the...

Chinese Bankers Flag Greater Regional Coordination and Fintech Adoption Following PBOC Monetary Policy Report

China's banking sector say it will heed calls from the Chinese central bank for greater regional coordination and fintech adoption made in...

Latest stories

China’s Outbound Foreign Direct Investment Declines 4.3% Since Start of 2021

Outbound non-financial foreign direct investment from China has seen a sizeable decline since the start of 2021.

Actually Used Foreign Investment in China Rises 22.3% YoY for January – August

China has seen a sizeable rise in actually used foreign investment funds since the start of 2021, as the economy continues to...

Over 5.7 Trillion Yuan in Bonds Issued in August: PBOC

The latest data from the Chinese central bank indicates that more than 5.7 trillion yuan in bonds were issued in the month...

China’s Securities Regulator Launches Strike Team Targeting Capital Market Malfeasance

The China Securities Regulatory Commission (CSRC) has led the establishment of a new unit to target illegal activity on the Chinese capital...