Monday, June 21, 2021
Tags Chinese fintech

Tag: Chinese fintech

COVID-19 Spurs Preference for Online Banking in China amidst Wave of Bank Branch Closures

Social distancing and lockdown measures introduced during the COVID-19 pandemic have had a sizeable impact on the banking sector in China, driving...

Postal Savings Bank of China Holds Its Own 2021 Fintech Week

One of China's big state-owned banks has just staged its own week-long campaign to drive greater use of fintech applications amongst retail...

Shanghai to Host 2021 World Artificial Intelligence Conference from 7 – 10 July

Shanghai is set to play host to a leading international conference on artificial intelligence (AI) that will bring together the world's most...

Tencent Reportedly Ordered by Chinese Authorities to Convert into Financial Holding Company

Chinese authorities have further stepped up efforts to use the financial holding company form to expedite regulatory scrutiny by setting their sights...

China’s Banking Regulator Calls for Expanded Use of Fintech in Tandem with Enhanced Regulation

A senior official from the Chinese banking regulator has called for domestic financial institutions to expand their use of the latest fintech...

Alibaba Cloud Enters Strategic Cooperative Relationship with ZY Bank

The cloud unit of Chinese e-commerce giant Alibaba has entered a strategic cooperative relationship with Zhengzhou-headquartered regional lender ZY Bank (中原银行).

The Digital Renminbi Is Not for Ousting the US Dollar or Replacing Third Party Payments: Zhou Xiaochuan

The former head of the Chinese central bank has taken further pains to reassure observers that China has no plans to use...

China’s Top Financial Authority Calls for Crackdown on Bitcoin Mining and Trading

China is further stepping up efforts to stamp out the domestic cryptocurrency market, with the country's top financial authority setting its sights...

Inner Mongolia Steps up Crack Down on Cryptocurrency Mining with Specialised Reporting Platform

The Chinese autonomous region of Inner Mongolia has stepped up efforts to stamp out cryptocurrency mining within its borders.

Chinese Industry Bodies Issue New Ban on Finance and Payments Organisations Engaging in Cryptocurrency-Related Operations

Several of China's peak bodies for the financial sector have reiterated the country's hard stance against cryptocurrency transactions with the issuance of...

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Bank of China Commits to Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June. 

Guangxi Rural Credit Society Becomes 14th Chinese Bank to Establish Fintech Subsidiary

A rural lender in the south-western province of Guangxi has become the latest banking sector financial institution in China to launch its...

Chinese Central Bank Calls for Greater Adoption of Legal Entity Identifiers as Part of Financial Digitisation and Opening

A senior official from the Chinese central bank has called for driving the increased used of global legal entity identifiers (LEI's) in...