Friday, April 16, 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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...