Tuesday, May 18, 2021
Tags Fintech

Tag: Fintech

Trial of Fintech Ponzi Scheme Opens in Beijing

The Beijing No. 1 Intermediate Court kicked off its public trial of the key players behind fraudulent P2P lending platform Ezubao on 26 April. Yucheng Global president Zhang...

Chinese Fintech Firms Beating Banks in Mobile Payments

The mobile payments sector is enjoying flourishing growth in China, with non-bank fintech players beating out the established bricks and mortar banks. The latest "China...

Non-cash Transactions Surge in China’s Payment Sector

A new report issued by the Payment & Clearing Association of China indicates that non-cash payments are witnessing flourishing growth in the Middle Kingdom. According to the "The...

China Fintech Body Unveils Platform to Bridge Online Lenders with Depository Banks

China's peak fintech industry group plans to establish a new platform to facilitate interaction and cooperation between online lenders and depository banks, as part of...

Fintech to Push Consumer Finance Market to Over $1.74tn by 2020

Rising domestic consumption and a fintech boom are expected to drive an expansion in China's consumer finance market to over 12 trillion yuan (approx. $1.74 trillion) by the end...

Ant Financial Lifts Bid for MoneyGram by Over a Third, Sidelines Euronet

Alibaba-affiliate Ant Financial has upped its ante for MoneyGram International by more than third, safely sidelining the latest competing offer made by a US...

CBRC Targets Online Lending with 148 Prohibition Items in Beijing Alone

China's banking regulator has highlighted the burgeoning online lending sector as part of its most recent and unprecedented sweep of the country's financing activities. The China Banking Regulatory Commission (CBRC) has...

China Guangfa Bank Embeds Credit Card in Fintech Smart Watch

As part of efforts to forge ahead in the mobile payments market, China Guangfa Bank has released a new fintech smart watch that comes embedded...

Online Micro Lending Seen As Key Adjunct to Chinese Finance

Leading corporations and Internet firms are chomping at the bit to enter China's burgeoning online micro lending sector. Sudden Boom in China's Online Micro Lending Sector As of the end...

New Online Settlement Platform Could Help Chinese Fintechs Sidestep Banks

China has just launched the trial run of its "Non-banking Payment Organisation Internet Payment Settlement Platform" (非银行支付机构网络支付清算平台), in a move which is set to shake up...

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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...