Thursday, January 28, 2021
Tags Chinese insurtech

Tag: Chinese insurtech

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

China Sees 93% Surge in Registration of Online Insurance Companies in 2020, CBIRC Mandates Full Licensing

China saw an abrupt surge in companies seeking to join the online insurance sector in 2020, with authorities now stepping up efforts...

CBIRC Issues New Rules for Internet Insurance Operations, Encourages Big Data and Blockchain Usage

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued new regulations that target risk issues in the online insurance sector,...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

Shanghai Launches Insurance Blockchain Innovation Centre

Shanghai has just seen the establishment of a new insurtech research institute that focuses on blockchain applications.

HSBC’s Insurance Subsidiary Establishes Fintech Vehicle in Shanghai

The wholly invested insurance subsidiary of British investment bank HSBC has launched a new fintech company in the Chinese financial hub of...

China Pacific Insurance to Invest 700 Million Yuan in Launch of Fintech Subsidiary

Insurance giant China Pacific Insurance has unveiled plans to establish its own fintech subsidiary.

ZhongAn Online Hopes to Raise $600M via First Public Issue of Notes Offshore

Chinese insurtech giant ZhongAn Online P&C Insurance Co., Ltd. hopes to raise USD$600 million via its first public issue of notes offshore....

ZhongAn Online Grabs Virtual Insurance License in Hong Kong

ZA, the Hong Kong virtual bank of Chinese insurtech ZhongAn Online, has obtained a virtual insurance license from local authorities.

80% of Chinese Banks Will Employ Cloud-based Fintech Solutions by 2024: IDC Report

A new report anticipates widespread adoption of cloud-based fintech solutions over the next several decades.

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Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...

China Construction Bank Issues over $3 Billion in Small Business Loan Bonds

One of China's big state-owned banks plans to step up financial inclusion lending with the proceeds of its latest bond issue.

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...