Monday, January 25, 2021
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China’s Financial Stability Report Flags Stricter Fintech Regulation, Ant Group Expected to Be Heavily Affected

The People's Bank of China (PBOC) has signalled far stricter regulation of the Chinese fintech sector in its latest financial stability report,...

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...

Lufax’s NYSE Listing Could Be Biggest Chinese IPO in the US Since Alibaba’s Debut

Escalating tensions between China and the US have failed to deter Shanghai-based fintech giant Lufax from pursuing a stateside initial public offering...

Lufax Grabs Fintech Innovation Award from Global Banking & Finance Review

Chinese fintech giant Lufax (陆金所) has won an award for innovation from a leading British trade publication for the banking and finance...

Lufax CEO Greg Gibb Says China’s Fintech Companies Will Drop from Thousands to Several Hundreds

The head of one of China's biggest fintech companies has outlined his expectations for the future of the Chinese sector at an...

Lufax Pioneers Use of Blockchain for Tracking of Online Loan Transactions in China

One of China's leading fintech companies is pioneering the use of blockchain technology in relation to online financial products.

Only 6 Banking Sector P2P Platforms Left in China

The number of bank-run P2P platforms operating in China despite the natural advantages that established lenders have brought to Fintech business. Securities Daily reports that...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...