Tuesday, October 27, 2020
Tags Online asset management

Tag: Online asset management

Online Asset Management Crackdown Drives Sales Licenses to Over $14mn

China's crack down on illicit operators in the online asset management sector has driven the price of fund sales licenses to as high as...

Beijing Steps up Scrutiny of Online Asset Management, Targets Unlicensed Operators

Chinese regulators are intensifying scrutiny of online asset management amidst a broader crackdown on the near $16 trillion asset management sector. China's Internet Financial Risk Special Rectification Work...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...