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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China Merchants Bank Grabs Approval for Joint-venture with JD Technology

One of China's leading joint-stock banks has obtained the green light from regulators for a joint-venture with the fintech unit of Chinese...

JD Technology’s IPO Application Terminated by Shanghai Stock Exchange

The Shanghai bourse has announced the termination of the application for an initial public offering (IPO) made by JD.com's fintech unit last...

Shenzhen and Hong Kong Commence Digital Renminbi Cross-border Payments Trials

Trials for the use of the Digital Renminbi for cross-border payments purposes have commenced in the neighbouring cities of Shenzhen and Hong...

China Launches Its First Big Data Exchange in Beijing

China has just seen the launch of its first big data exchange in the national capital of Beijing.

ICBC’s Fintech Unit Launches Subsidiary in Beijing, Enters Strategic Agreement with Municipal Regulators

The fintech unit of China and the world's biggest bank in terms of assets has launched its own subsidiary in Beijing amidst...

Beijing Calls for Reductions in Payments Costs, Accelerated Use of Digital Renminbi to Drive New Forms of Consumption

The Chinese central government has outlined a range of financial measures to help expedite new forms of consumption in the wake of...

Big Six Chinese Banks All Launch Digital Renminbi Wallets, Trial Initiatives for CBDC Accelerate

China is fast expanding trials for the usage of the Digital Renminbi amongst both key financial institutions and at an increasing number...

China’s Banking Sector Sees Launch of 13th Fintech Subsidiary

The Chinese banking sector has just seen the establishment of another fintech vehicle by a domestic lender.

Curbs on Data Collection by Chinese Fintech Apps Set to Come into Effect at Start of May

China is on track to launch new rules that place limits on data collection by financial apps, amidst efforts to tighten regulation...

PBOC to Accelerate Digital Renminbi Deployment to “Back up” China’s Alipay, WeChat Dominated Payments System

The head of the Chinese central bank's digital currency unit has flagged measures to accelerate the use of the Digital Renminbi, in...

Latest stories

BlackRock Grabs Approval from Chinese Regulators for Majority-owned Wealth Management Joint Venture

Investment giant BlackRock has cinched approval from Chinese regulators to establish a majority-owned wealth management joint venture (JV).

Industrial Enterprise Profits Rise 107.3% YoY in First Quarter: Chinese Central Bank Survey

A survey conducted by the People's Bank of China (PBOC) points to a doubling in industrial enterprise profits in the first quarter,...

Structured Deposits in China Plunge over 42%

Structured deposits of Chinese banks have seen a precipitous decline following the launch of a crack down on use of the instruments...

Renminbi Loans up 12.3% YoY in April, Total Social Financing in China Contracts

The Chinese central bank has released its latest raft of data on the state of China's finance system in the month of...