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Chinese Banks Must Learn How to Apply and Price Data Assets: BOCOM Head

The head of one of China's big state-owned banks has highlighted the increasingly important role of data in the financial sector as...

Digital Finance Platform Provides over 100B Yuan in Funds to Small Enterprises in Hangzhou Area

The Zhejiang province capital of Hangzhou is hailing the success of a digital finance platform that uses big data technology to improve...

Ant Group Anti-trust Measures Will Apply to Other Major Payments Providers: Chinese Central Bank

A senior official from the Chinese central bank said that regulators have stepped up their anti-trust measures to encompass other key players...

Stablecoin Is a Speculative Tool that Threatens Financial Stability: Chinese Central Bank

A senior official from the People's Bank of China (PBOC) has indicated that the authority holds a dim view of stablecoin digital...

China Plans to Draft over 100 Industrial Internet of Things Standards by 2025

The Chinese central government has outlined plans to step up regulation and standardisation of the Industrial Internet of Things (IIoT) sector over...

Finance and Fintech Recruitment See 50% Growth in First Half of 2021

Employee recruitment in the Chinese finance and fintech sectors has surged in the first half of 2021, as the economy continues to...

Chinese Central Bank Shuts Down Beijing Company for Abetting Cryptocurrency Trades

The Chinese central bank is further stepping up its crackdown on domestic cryptocurrency trading, with the People's Bank of China (PBOC) shutting...

Beijing Hopes to Accelerate Economic Digitisation with “Million Industrial Apps” Campaign

The Chinese central government has launched a national campaign to encourage the development of industrial apps as part of efforts to drive...

Chinese Cryptocurrency Speculators Become Targets of Fraudulent Online Platforms

Fraudulent schemes targeting cryptocurrency speculators have spread to multiple parts of China after Beijing cracked down on the domestic Bitcoin and ICO...

Guangzhou Plans to Make Data “Key Factor of Production” in New Digital Economy

The Guangdong province capital of Guangzhou has unveiled plans to focus on the use of data as a factor of production in...

ByteDance Launches New “Smart Tech” Company in Hefei

TikTok-owned ByteDance has launched a new tech company in the Anhui-province capital of Hefei.

China’s Heightened Pressure on Fintech Won’t “Take the Wings off” Private Enterprise: Andy Rothman

A leading expert on the Chinese economy says that recent efforts by authorities to step up pressure on domestic fintech companies will...

Latest stories

Ministry of Industry and Information Technology Launches Six Month Crackdown on China’s Internet Sector

The Chinese central government has launched a far-reaching six month crackdown on China's massive online economy, in the wake of aggressive action...

China’s Smaller Banks Achieve Breakthroughs in Fintech Adoption: KPMG

Research from international consultancy KPMG highlights rapid growth in the adoption of fintech by Chinese banks at the smaller end of the...

China’s Cloud Computing Market Grew over 56% in 2020: CAICT White Paper

A new white paper on China's cloud computing sector from one of the country's leading science and technology think tanks indicates that...

Bank of Communications Grabs Approval for $9.22 Billion Tier-2 Capital Bond Issue

One of China's big state-owned banks had cinched approval for a new issue of bonds to shore up its capital levels.