Tuesday, May 18, 2021
Tags Chinese fintech

Tag: Chinese fintech

China’s Cloud Services Market Posts World’s Fastest Growth to Hit USD$19.38 Billion: IDC

A new report from market researcher IDC highlights roaring growth in China's market for cloud computing and IaaS services.

Zhou Xiaochuan Says Development of Central Bank Digital Currency Will Not Lead to Creation of Unified Global Money

The former head of the Chinese central bank has highlighted the challenges faced by efforts to achieve cross-border usage of central bank...

Shanghai STAR Market Board Sees Barring of Real Estate and Financial Companies, Restrictions on Listing of Fintech Concerns

China's securities regulator has made major amendments to its guidelines for the listing of companies on the NASDAQ-style STAR Market Board of...

Tencent Launches 4th Generation Big Data Platform

Chinese Internet giant Tencent has just unveiled its new independently developed 4th-generation big data platform, amidst a broader drive within China for...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Jack Ma Reportedly Being Ousted from Ant Group by Chinese Authorities

Storied Internet entrepreneur Jack Ma is reportedly being forced by Chinese authorities to make a complete withdrawal from his fintech and payments...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...

Ant Group Summoned for Another Round of Discussions with Chinese Authorities, Pan Gongsheng Outlines Key Regulatory Plans

Beleaguered fintech giant Ant Group has met with Chinese regulators for another round of discussions, just after affiliate company Alibaba was hit...

Still No Schedule for Official Launch of Digital Renminbi a Year After Start of Testing: Chinese Central Bank

A senior official from the Chinese central bank says that there is still no formal timetable for the official launch of the...

JD Technology Expected to Join Ant Group in Adoption of Financial Holding Company Form

The tech subsidiary of e-commerce giant JD.com reportedly plans to launch a financial holding company amidst a push from Chinese authorities for...

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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...