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Fintech
Tencent’s Tenpay Fined 1.49M Yuan for Settlement System Breaches
CBNEditor
-
September 17, 2019
0
The online payments platform of tech giant Tencent has been hit with a near 1.5 million yuan fine for infractions in relation...
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Banking
Third Party Payment Providers Receive 34 Fines in First Half Totalling 45mn Yuan
CBNEditor
-
July 4, 2018
0
Chinese third party payment providers have been fined on more than 30 separate occasions in the first half of 2018, as regulators maintain heavy...
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Fintech
AliPay and Tencent Hop Aboard Chinese Public Transit
CBNEditor
-
September 21, 2017
0
Following fierce competition in the convenience store, supermarket, taxi and ride-sharing sectors, China's leading online and mobile payment providers are vying for a slice...
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Finance
One Belt One Road to Increase International Clout of China’s Payments Sector: PBOC
CBNEditor
-
May 19, 2017
0
The vice-governor of the People's Bank of China has called for the Chinese payments sector to use the One Belt One Road initiative to...
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Most Read
Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%
Economy
CBNEditor
-
April 16, 2021
0
China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...
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China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%
Economy
CBNEditor
-
April 16, 2021
0
Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...
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MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability
Banking
CBNEditor
-
April 16, 2021
0
The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...
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PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments
Fintech
CBNEditor
-
April 16, 2021
0
The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...
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