Monday, April 19, 2021
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Tag: Tenpay

Tencent’s Tenpay Fined 1.49M Yuan for Settlement System Breaches

The online payments platform of tech giant Tencent has been hit with a near 1.5 million yuan fine for infractions in relation...

Third Party Payment Providers Receive 34 Fines in First Half Totalling 45mn Yuan

Chinese third party payment providers have been fined on more than 30 separate occasions in the first half of 2018, as regulators maintain heavy...

AliPay and Tencent Hop Aboard Chinese Public Transit

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...

One Belt One Road to Increase International Clout of China’s Payments Sector: PBOC

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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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...