Friday, October 23, 2020
Tags Chinese digital economy

Tag: Chinese digital economy

Beijing, Shanghai and Guangdong Province Home to 70% of China’s Top Internet Firms

A new report has found that China's digital and Internet economy remains heavily concentrated in giant urban centres of Beijing, Shanghai and...

State Council Flags Support for “New Consumption,” Reduction in Payment Processing Fees

China's top government authority has issued a new directive flagging plans to drive the growth of "new consumption" via a range of...

Beijing Plans to Launch Digital Renminbi Trials, Digital Wallet System in Free Trade Pilot Zone

The Chinese government has just released new plans for the Beijing free trade pilot zone that outline trials of the Chinese central...

Digital Economy Makes 67.7% Contribution to Chinese GDP Growth

The digital economy accounted for over two-thirds of China's GDP growth in 2019 according to the latest raft official data.

Tencent’s 2020 Digital China Report Highlights Pearl River Digitisation, Nationwide Surge in Cloud Usage

A new report from Tencent on the state of China's digital economy points to the widespread digitisation measures of cities in the...

China Researching Development of Digital Transactions Regulatory Framework

The Chinese central government has flagged efforts to research and develop a regulatory framework for transactions involving digital assets, as part of...

China Launches Global Data Security Initiative

The Chinese central government has launched a new initiative to shore up global data and information security.

Beijing Unveils Plan for International Big Data Exchange as Part of Digital Economy Ambitions

The Beijing municipal government has issued a slew of ambitious new plans to advance the development of the regional digital economy.

US Tech Giants Stand to Lose Most If WeChat, TikTok Ban Leads to Worldwide Internet Sovereignty: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that American tech giants stand to be the biggest losers from the Trump administration's imposition of...

Hunan Province Launches 100 Digital “New Infrastructure” Projects Worth $8.2 Billion

The central Chinese province of Hunan has unveiled ambitious plans for spending on digital "new infrastructure" projects.

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China’s P2P Platforms Drop from 5000 to Less Than 6

Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...

CSRC Says Blockchain Used in Regtech Pilot Schemes for China’s Regional Equity Markets

A senior official from the China Securities Regulatory Commission (CSRC) has highlighted the application of blockchain technology to regulatory trials in the...

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

PBOC to Issue New Rules on Assessment of Systemically Important Banks

A senior official has flagged the imminent launch by the Chinese central bank (the People's Bank of China) of new rules governing...