Saturday, April 17, 2021
Tags WeChat

Tag: WeChat

PBOC to Accelerate Digital Renminbi Deployment to “Back up” China’s Alipay, WeChat Dominated Payments System

The head of the Chinese central bank's digital currency unit has flagged measures to accelerate the use of the Digital Renminbi, in...

Was Trump Administration’s TikTok Ban Warranted?

TikTok's stateside operations remain unscathed despite the passing of the official deadline set by the Trump administration for the barring of its...

Coronavirus Could Accelerate Launch of Central Bank Digital Currency: Ex-Bank of China Chief

The former head of one of China's big six state-owned banks says the coronavirus could potentially have an impact on the Chinese...

Alipay, WeChat Making Mobile Payments Available to Foreign Tourists in China

Chinese payments giants Alipay and WeChat Pay are adopting measures to make their apps more accessible to visiting foreign nationals in China...

Ant Financial Launches New Mini-Program Unit to Rival WeChat

The world's largest fintech company has announced the launch of a new unit for the development of its own mini-programs. Ant Financial announced on Wednesday...

WeChat Continues to Shut Blockchain and Cryptocurrency Social Media Accounts

WeChat has continued to shut accounts related to blockchain technology according to domestic media reports. Beijing News reports that a four more blockchain-related WeChat accounts...

Do Chinese Payment Apps Pose a Threat to US Banks?

US banks are concerned that the latest developments in China's payment apps sector could undermine key streams of revenue, according to a new report...

PBOC Paves the Way for Paypal to Enter Chinese Market

China's central bank is dialling back restrictions and licensing requirements that prevent overseas payment companies such as Paypal from entering the Chinese market. On 21...

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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...