Friday, April 16, 2021
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Tag: One Connect

Ping An’s Fintech Arm Launches AI-Driven Blink-based Payments in Jiangsu Province

The tech subsidiary of Chinese insurance giant Ping An Group has teamed up with fintech developer One Connect (金融壹账) to launch "blink payments" that...

Hong Kong Turns to Ping An Group for Blockchain-driven Trade Finance Platform

The Hong Kong Monetary Authority plans to launch a blockchain-based trade finance platform using technology that has already been deployed in mainland China. The initiative...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...