Tuesday, May 18, 2021
Tags Chinese fintech

Tag: Chinese fintech

Chinese University Launches First Course on Blockchain Technology

A university in eastern China has launched its first course on blockchains for both undergraduate and research students. Hangzhou's Zhejiang University has announced that it...

Online Finance Will Trigger Next Financial Crisis: Bank of China Chief

The chair of one's China's big four state-owned banks has warned of the perils of fintech and online finance. Chen Siqing (陈四清), chair of the...

Online Loansharking Re-emerges Under Variety of Guises, Rates Exceed 1000%

China's peak body for the internet finance sector points to a resurgence in shady forms of online micro-lending  despite a crackdown launched by Beijing...

Chinese Home Loan Rates Hit Record High in May

New data indicates that home loan rates around China rose to unprecedented highs in May, as Beijing continues to push for controls on local...

Regulatory Crackdown Prompts Ant Financial to Shift Focus Away from Fintech

China's leading fintech company Ant Financial plans to shift its primary focus away from payments operations and consumer finance towards technology services according to...

Beijing Unveils Plans for New Fintech District

Beijing has revealed ambitions to create a specialised fintech demonstration area that bridges the Chinese capital's hi-tech zone and its financial district. Beijing mayor Chen...

Alibaba’s Ant Financial Helps Traditional Bank with Fintech Overhaul

Ant Financial, the payments vehicle of Chinese e-commerce giant Alibaba, has entered a deal with a Chinese commercial bank to help upgrade its digital...

China Banking 2030 Report Says Fintech and Global Expansion Essential to Competitiveness

A new report on the Chinese banking sector says globalisation and fintech will be essential to its future prospects. The China Banking 2030 report released...

Chinese State TV Warns of Burgeoning Cryptocurrency Bubble

China Central TV has run an investigatory news story on the perils of cryptocurrency speculation, warning that a bubble continues to brew on the...

China Has Created an Incipient Blockchain Ecosystem: IT Ministry

A new white paper from the Ministry of Industry and Information Technology says that China has already formed an incipient blockchain industrial ecosystem. The "2018...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...