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Beijing Uses Big Data to Analyse Illicit Flows of Bank Funds into Local Property Market

The Beijing municipal government is turning to big data tools to help track potential illicit flows of funds into the local property...

Huawei Tops List of China’s Leading Companies for Patent Applications in 2020, JD.com Ranks ahead of Alibaba, Tencent

Telecommunications giant Huawei has topped a new list of China's leading companies when it comes to patent applications.

Beijing Calls for Chinese Enterprise to Pursue 5G, Big Data, AI and Blockchain Innovation

The Chinese central government has issued a call for enterprises to focus more on innovations in hi-tech areas including 5G, big data,...

Chinese Central Bank Wants International Cooperation on Fintech Regulation, Antitrust Measures

A senior official from the Chinese central bank has called for greater international cooperation in the area of fintech regulation.

Didi Chuxing Grabs USD$300 Million in Financing for Driverless Vehicles

Chinese ride-hailing platform Didi Chuxing has raised USD$300 million for its driverless vehicle subsidiary according to a report on Thursday from Reuters....

Ant Group Allows Users to Adjust Credit Quotas on Consumer Finance Platforms Huabei and Jiebei

Ant Group has announced the addition of a new feature to its Huabei (花呗) and Jiebei (借呗) consumer finance platforms that will...

Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...

Alipay, JD.com Remove All Bank Deposit Products from Sale via Online Platforms

China's Internet finance giants have completed the full withdrawal of bank deposit products from sale to both old and new customers via...

ByteDance’s Douyin to Serve as China Central Television’s Spring Festival Broadcast Partner for 2nd Year Running

TikTok's Chinese counterpart Douyin will be the official partner for the Spring Festival gala show that will be screened by China's state-owned...

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Latest stories

Chinese Grain Production Rises 0.9% in 2020 to 669.49 Million Tonnes

Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.

Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...

ByteDance Shuffles Senior Execs at Toutiao and TikTok

TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...