Sunday, November 1, 2020
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Foxconn Grabs $18 Million Stake in Cryptocurrency Merchant Bank

Taiwanese manufacturing giant Foxconn is making a foray into fintech by investing USD$18 million in a cryptocurrency merchant bank launched by a former partner...

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Chinese Central Bank Calls for Greater Policy Guidance for Tech Sector Financing

The People's Bank of China (PBOC) has just released a working paper calling for the Chinese government to exercise greater policy guidance...

Ant Group Breaks Record for IPO Retail Demand with $3 Trillion in Bids from Shanghai

Fintech giant Ant Group has seen a record-breaking level of interest from Chinese retail investors for its upcoming two-bourse IPO in Hong...

Chinese Communist Party Commits to Economic Opening, Marketisation and Digital Innovation in 14th Five Year Plan

The Chinese Communist Party (CCP) has unveiled key proposals and targets for the 14th Five Year Plan scheduled for implementation during the...

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...