Tuesday, May 18, 2021
Tags Fintech

Tag: Fintech

China’s cross-border e-commerce trade up 80% in 2017

China's cross-border e-commerce trade saw a boom in 2017, with year-on-year growth in turnover of more than 80%. Official data indicates that turnover from China's...

Foxconn Grabs $18 Million Stake in Cryptocurrency Merchant Bank

Taiwanese manufacturing giant Foxconn is making a foray into fintech by investing USD$18 million in a cryptocurrency merchant bank launched by a former partner...

Chinese Payment Provider LianLian International Joins Ripple Blockchain

Hong Kong-based payment provider LianLian International has announced that it will join the RippleNet payment network that facilitates cross-border transactions via the use of...

Hacker Infiltrates PBOC’s Email System to Spread Fake Bitcoin Rumours

A hacker has accessed the email system of the Hefei branch of the Chinese central bank and used it to spread fake reports of...

China Flags Ban on Domestic and Overseas Cryptocurrency Trading Platforms

The central bank's official news publication reports that China plans to further step up its crackdown on the cryptocurrency market with bans on both...

Banking Regulator Calls for Adoption of Blockchain Technology for Secondary Loans

The China Banking Regulatory Commission has called for the expanded adoption of blockchain technology as part of efforts to spur the growth of China's...

Liquidity Unleashed by Targeted Reserve Cuts Will Fall Short of Forecasts: PBOC

The official news publication of the Chinese central bank says the volume of liquidity generated by targeted reserve ratio reductions launched on 25th January...

Payments Companies Banned from Servicing Virtual Currency Transactions

Chinese financial regulators are ratcheting up their crackdown on virtual currencies with the launch of a strict prohibition on payments companies providing services for...

Chinese Central Bank Cracks Down on Cryptocurrency Transactions

The Chinese central bank has brought a halt to banking sector financial institutions providing services in relation to cryptocurrency transactions, according to a report...

China’s Stock Exchanges Suspend Shares Over Blockchain Speculation

China's stock exchanges have issued public warnings about speculation involving blockchain-related companies, as well as suspended trading of several blockchain-affiliated shares. On Wednesday 17 January...

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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...