Tuesday, May 18, 2021
Tags Chinese fintech

Tag: Chinese fintech

China’s Financial Regulators Summon Tencent, Du Xiaoman, JD.com and ByteDance for Anti-trust “Regulatory Discussions”

China's top financial authorities have summoned over a dozen of the country's leading Internet platforms for disciplinary "regulatory discussions" following concerns about...

Shenzhen Trials Use of Digital Renminbi to Channel 196 Million Yuan in Enterprise and Employment Stabilization Funds

The southern Chinese tech hub of Shenzhen is further expanding the usage scope of the Digital Renminbi in ongoing local trials.

Chinese Central Bank and Ant Group Enter Strategic Cooperative Agreement for Development of Digital Renminbi Platform

The digital currency research unit of the Chinese central bank has entered a cooperative partnership with Jack Ma's fintech platform Ant Group...

Ant Group’s Ties Come under Scrutiny over Hasty Approvals for Scuppered IPO

The woes of Jack Ma's Ant Group continue to grow, with Chinese regulators reportedly investigating the unusual haste with which it obtained...

Beijing, Shanghai and Shenzhen Top List of China’s Leading Fintech Centres

A new report on China's leading fintech hubs puts the national capital of Beijing at the apex.

Digital Renminbi Cannot Be Refused for Payments by Individuals and Institutions in China: PBOC Digital Currency Team

The Chinese central bank's digital currency unit has reiterated the status of the Digital Renminbi as statutory currency in China, making its...

ICBC Debuts More than 30 New Digital Renminbi Applications at Digital China Summit in Fuzhou

China and the world's biggest bank in terms of assets is touting the research outcomes of its participation in ongoing trials of...

China’s Banking Regulator Highlights Blockchain and Cryptocurrency Risk as Part of Campaign against Illegal Financing

The China Banking and Insurance Regulatory Commission (CBIRC) has reiterated its commitment to the prevention of illegal forms of fundraising in the...

Ant Group’s Yu’e Bao Money Market Fund Posts over 18% Contraction in First Quarter

Ant Group's Yu'e Bao, formerly the world's largest money market fund, has seen its assets under management contract significantly in the first...

Beijing Issues Trial Regulations for China’s Live-Streaming E-Commerce Market

The Chinese central government has issued new regulations targeting the country's booming live-streaming e-commerce market.

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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...