Fintech

China Merchants Bank Clears First Cross-Border Interbank Blockchain Transaction in Yuan

China Merchants Bank Clears First Cross-Border Interbank Blockchain Transaction in Yuan

China Merchants Bank Co. [SHA:600036] cleared the world’s first yuan-denominated cross-border interbank transaction using blockchain technologies, establishing a foundation for…

Dec 22, 2017
Dou Shicong
Chinese Fintech Body to Mitigate Risks With New Personal Credit System

Chinese Fintech Body to Mitigate Risks With New Personal Credit System

Rampant illegal activity and widespread noncompliance in the cash loan market have galvanized the National Internet Finance Association of China…

Dec 21, 2017
Song Yikang & Xu Yanyan & Du Chuan
P2P Lending Disputes Are on the Rise in Beijing

P2P Lending Disputes Are on the Rise in Beijing

Beijing No. 3 Intermediate People’s Court handled almost 15,000 peer-to-peer lending cases this year, as the online finance industry comes under rising scrutiny.

Dec 20, 2017
Du Chuan
Tencent Partners Shenzhen Government to Regulate Financial Security

Tencent Partners Shenzhen Government to Regulate Financial Security

Chinese tech stalwart Tencent Holdings Ltd. [HKG:0700] will work with the Shenzhen Municipal Government Financial Services Office to develop a…

Dec 19, 2017
Dou Shicong
SPDB, CreditEase Will Form Partnership Riding Bank-Fintech Firm Tie-Up Wave

SPDB, CreditEase Will Form Partnership Riding Bank-Fintech Firm Tie-Up Wave

Shanghai Pudong Development Bank Co. [SHA:600000] and CreditEase Group, the parent of the fintech firm Yirendai Ltd. [NYSE:YRD], said they…

Dec 19, 2017
Liao Shumin
Alibaba Pumps USD1.2 Billion Into Its Micro Lenders in Order to Meet New Regulation

Alibaba Pumps USD1.2 Billion Into Its Micro Lenders in Order to Meet New Regulation

The finance arm of Chinese e-commerce giant Alibaba Group Holding Ltd. [NYSE:BABA], Ant Financial Services Group, will pump CNY8.2 billion…

Dec 18, 2017
Dou Shicong
Guoyuan Securities Partners JD Finance to Improve Fintech Amid Rise in China’s Consumer Spending

Guoyuan Securities Partners JD Finance to Improve Fintech Amid Rise in China’s Consumer Spending

The finance arm under Chinese e-commerce giant JD.com Inc. [NASDAQ:JD] has struck a deal to offer its technology and services to Guoyuan Securities Co. [SHE:000728] .

Dec 18, 2017
Tang Shihua
Beijing Court Dismisses Bitcoin Investor’s Lawsuit Against Trading Platform Huobi

Beijing Court Dismisses Bitcoin Investor’s Lawsuit Against Trading Platform Huobi

The Beijing Haidian District People’s Court has dismissed a case filed by a Chinese cryptocurrency investor surnamed Chen.

Dec 15, 2017
Chen Juan
China’s Internet Finance Platforms Post Impressive Net Profits Under Increasing Regulatory Pressure

China’s Internet Finance Platforms Post Impressive Net Profits Under Increasing Regulatory Pressure

China’s listed internet finance platforms have achieved steady business and earnings growth in the third quarter, a review of their…

Dec 14, 2017
Liao Shumin
China, South Korea Agree to Hold Joint Projects to Nurture E-Commerce Talent

China, South Korea Agree to Hold Joint Projects to Nurture E-Commerce Talent

China’s online retail industry body will work with a trade authority from South Korea to jointly organize exhibitions to better provide talent training for those engaged in the e-commerce sector.

Dec 13, 2017
Xu Wei
China’s Payment Players Aim to Profit From Popularity of Southeast Asia Among Tourists

China’s Payment Players Aim to Profit From Popularity of Southeast Asia Among Tourists

China's major payment providers have expanded their presence in Southeast Asia, as they look to capitalize on the region’s position as the most popular destination among Chinese tourists.

Dec 13, 2017
Yin Yi
China Aims to Reduce P2P Loan Risks With First National Supervision Platform

China Aims to Reduce P2P Loan Risks With First National Supervision Platform

China has approved the country’s first real-time monitoring system for the online finance sector, as part of the recent crackdown on risks related to the peer to peer lending.

Dec 13, 2017
Dou Shicong

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