Saturday, October 31, 2020
Tags Chinese cross-border payments

Tag: Chinese cross-border payments

Over 1000 Financial Institutions Expected to Join China’s Renminbi Cross-border Payments System by End of 2020

The number of financial institutions that are part of China's Cross-Border Interbank Payment System (CIPS) is expected to breach 1,000 in total by the...

Forex Authority Loosens China’s Cross-border Payments Restrictions for E-commerce

The State Administration of Foreign Exchange (SAFE) has issued a new directive that significantly scales back China's restrictions on cross-border payments operations.

Details Emerge on China’s First Batch of Cross-border Payments Licensees

China is about to unveil its first group of licensed cross-border payments providers following multi-year trials.

Shanghai Unveils Plan to Facilitate Cross-border Renminbi Payments for Tesla’s Gigafactory 3

Shanghai's financial authorities have issued a raft of regulations for facilitating cross-border renminbi settlement in the Lingang free-trade zone, which is home...

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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...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...