Wednesday, October 28, 2020
Tags Fintech

Tag: Fintech

Online Lending Platforms Struggle to Provide Compensation Post-Liquidation

Heightened regulatory scrutiny has left online lending platforms hard hit, with a plunge in the launch of new platforms and failure on the part...

Ethereum Declared Best Blockchain by Chinese Government

A new report from China's Ministry of Industry and Information Technology (MIIT) has named Ethereum the leading public blockchain. The report from MIIT's China Center...

“Blockchains Have No Future as Money”: China’s Central Bank

People's Bank of China counsellor Sheng Songcheng (盛松成) has put a dampener on any hopes that cryptocurrencies will enter widespread use in China as...

China’s Unicorns Concentrated in Four Cities: Ren Zeping

A new report says that China's unicorn start-ups are primarily concentrated in the four cities of Beijing, Hangzhou, Shanghai and Shenzhen, and primarily dependent...

“China and the US Will Account for 90% of Breakthrough Artificial Intelligence Firms”

American venture capitalist Jim Breyer expects the vast majority of "breakthrough" artificial intelligence firms to emerge from either China or the United States over...

Agricultural Bank of China Suspends Consumer Finance, P2P Payment Channels

The Agricultural Bank of China has announced the suspension of payment channels for certain forms of online lending that are currently coming under greater...

Consumer Lending by Ant Financial Doubles Since 2017

Alibaba Group's online credit vehicle has has seen its consumer lending volume rise to over 600 billion yuan (approx. USD$95 billion) according to sources...

Zhou Xiaochuan Reveals PBOC Is Developing Its Own Digital Currency

The Chinese central bank has revealed that it is working on the development of its own digital currency as part of efforts to improve...

“Scope of Blockchain Bubble Equals the Scope of Misunderstanding”: Xinhua

The state-run Xinhua News Agency has warned that misunderstandings amongst investors threaten to inflate a bubble in blockchain-related tech stocks. A new Xinhua article entitled "Blockchains:...

Chinese Communist Party Issues New Warning on Blockchain Speculation

The flagship newspaper of the Chinese Communist Party has published a new article warning readers of the perils of speculative investment in blockchain related...

Most Read

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...