Tuesday, May 18, 2021
Tags Fintech

Tag: Fintech

Central Bank Official Calls for China to Scrap Centralised Crypto-currency Trades

A senior official from the People's Bank of China has called for the centralised trading of crypto-currencies to be banned outright in the country,...

Chinese Banks Could Reap USD$63.4b from Fintech by 2020: EY

Chinese banks could reap an additional USD$63.4 billion in revenue by the end of the decade should they use Fintech to shore up financial...

China’s Bitcoin Miners Would Still Be Profitable Following 50% Price Drop

Bitcoin mining in China is so lucrative that business would still be profitable following a 50% plunge in the crypto-curency's prices, according to the...

Shenzhen Tech Companies Make Mass Public Disclosures About Blockchain

A slew of Shenzhen-listed tech companies have made public disclosures on their level of involvement with blockchain technology, as regulators step their scrutiny of...

Deleveraging Campaign Puts Kibosh on Consumer Loan Securitisation Binge

China's ongoing deleveraging campaign is expected to cool the boom in consumer loan securitisation by online micro-lenders and large-scale Fintech concerns. Consumer loan securitisation has...

Tencent Grabs License for Third-Party Fund Sales

Chinese Internet giant Tencent has improved its Fintech chops with the acquisition of a license to conduct third-party fund sales by one of its...

Can China’s Central Bank Starve Bitcoin Miners of Power?

The People's Bank of China believes it can reduce the scale of domestic bitcoin production by ordering local governments to crack down on power...

Ant Financial’s Bid for MoneyGram Blocked on National Security Grounds

Ant Financial's ambitions to take over US payments giant MoneyGram International have been thwarted by a US government panel that has rejected the purchase...

PBOC Lifts Centralised Customer Deposit Ratio for Online Payment Companies

The Chinese central bank has announced that it will raise the centralised customer deposit ratio for payment companies to roughly 50% from around 20%...

Central Bank Bans Use of Barcodes by Payments Sector for Securities Business

The Chinese central bank is cracking down on the use of barcode technology technology by payments companies to covertly engage in other forms of...

Most Read

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...