Saturday, October 24, 2020
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JDD Enters Strategic Cooperative Agreement with Jinshang Bank for Fintech Collaboration

The fintech unit of e-commerce giant has entered a strategic cooperative agreement with Hong Kong-listed regional lender Jinshang Bank (晋商银行).

Jinshang Bank Plans to Raise $600M via IPO in Hong Kong

Shanxi province-lender Jinshang Bank (晋商银行) plans to list on the Hong Kong Stock Exchange next year according to reports from China's domestic press. According to...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...