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A Brief Guide to China’s Financial Opening Since 2018

China is currently in the midst of concerted efforts to further open up the domestic financial sector, implementing measures that far exceed all prior...

Mobile Payments Operations Rise 35.57% YoY in Q3 2020: Chinese Central Bank Report

The latest payments sector report from the Chinese central bank points to a sizeable rise in bank processing of electronic payments in the third...

Tencent Cloud Enters Cooperative Agreement with UK’s AVEVA to Drive Industrial Digitisation in China

The cloud computing subsidiary of Chinese tech giant Tencent is teaming up with British industrial software developer AVEVA to help drive the digitisation of...

Online Payments Transactions Processed by Chinese Banks Rise 37.14% YoY in 2019, Mobile Payments up 67.57%

The People's Bank of China (PBOC) has just released its report on the state of the Chinese payments system in 2019. Bank accounts According to...

Ranking of China’s Top 100 Fintech Service Providers for the Banking Sector Released

Chinese tech publications eNet and Ciweek have just released their latest list of China's top 100 providers of fintech services to the banking sector....

Goldman Sachs Hopes to Double Chinese Staff Numbers by Mid-decade

Wall Street's Goldman Sachs Group Inc. hopes to dramatically raise its staff numbers over the next five years in response to China's ongoing opening...

JPMorgan Applies for Full Control of Guangdong-based Futures Joint Venture

Wall Street bank JPMorgan Chase has applied to acquire full control of its Guangdong-based futures joint-venture JPMorgan Futures (摩根大通期货). Sources said to Shanghai Securities...

China Construction Bank Enters Strategic Cooperative Agreement with Xiaomi Finance

One of China's big six state-owned banks has entered a cooperative agreement with the fintech subsidiary of Chinese mobile phone giant Xiaomi. On 17...

Mobile Payments in China See 59.03% YoY Growth in Second Quarter: PBOC Report

A new report from the Chinese central bank points to a surge in mobile payments in the second quarter of 2019. The People's Bank...

76.9% of Chinese Use Electronic Payments, over 45% Invest in WMP’s

A new report from the Chinese central bank points to ongoing expansion in the availability of financial and payments services for consumers throughout China,...