Fintech

China’s Regulators Freeze Multiple Bitcoin OTC Accounts in Latest Crackdown on Cryptocurrency

China’s Regulators Freeze Multiple Bitcoin OTC Accounts in Latest Crackdown on Cryptocurrency

China’s financial regulators froze a number of Bitcoin over-the-counter, also known as OTC, trade accounts across the country, among which,…

Jan 4, 2018
Dou Shicong
China’s Regulators Act to Ensure Enterprises’ Orderly Withdrawal From Bitcoin Mining, Says Report

China’s Regulators Act to Ensure Enterprises’ Orderly Withdrawal From Bitcoin Mining, Says Report

China’s regulatory authorities have issued a notice to local governments, requiring them to actively guide enterprises within their respective jurisdiction…

Jan 4, 2018
Dou Shicong
Insiders Rebut Rumors PBOC Met to Shut Down Bitcoin Mines

Insiders Rebut Rumors PBOC Met to Shut Down Bitcoin Mines

Insiders have refuted rumors that China’s central bank held a closed-door meeting yesterday with the aim of shutting down bitcoin mines and issuing relevant regulations in the following days.

Jan 4, 2018
Xu Wei
China Calls on US to Create Stable Environment After Ant Financial-MoneyGram Deal Flops

China Calls on US to Create Stable Environment After Ant Financial-MoneyGram Deal Flops

China hopes the US can create a level playing field and a stable environment for Chinese firms, Ministry of Foreign…

Jan 4, 2018
Xu Wei
Ant Financial Pays USD30 Million Penalty After US Nixes Its MoneyGram Buyout

Ant Financial Pays USD30 Million Penalty After US Nixes Its MoneyGram Buyout

Ant Financial Services Group has had to drop its planned acquisition of the world’s second-largest remittance service provider MoneyGram International…

Jan 3, 2018
Xu Wei
New Online Lending Rules Cull 8.55% Platforms in One Month

New Online Lending Rules Cull 8.55% Platforms in One Month

Chinese oversight agencies have issued new regulations to rectify small online loans, precipitating a steep drop in the number of…

Jan 3, 2018
Dou Shicong
Former Senior Executive of Deutsche Bank Cai Kailong Joins Bitcoin Platform Huobi.com, Says Report

Former Senior Executive of Deutsche Bank Cai Kailong Joins Bitcoin Platform Huobi.com, Says Report

Cai Kailong, formerly of Deutsche Bank AG, joined China’s Bitcoin trading platform Huobi.com as its chief strategy officer, taking charge…

Jan 3, 2018
Xu Wei
More Alipay Users Make Mobile Payments as World Shifts Away From Cash

More Alipay Users Make Mobile Payments as World Shifts Away From Cash

About 82 percent of Alipay’s 520 million users paid for goods and services via the platform last year, compared with…

Jan 3, 2018
Liao Shumin
Shanxi Securities to Offer Its Services on JD Finance’s Jingdong Expert Platform

Shanxi Securities to Offer Its Services on JD Finance’s Jingdong Expert Platform

Shanxi Securities Co. [SHE:002500] will work with Beijing Jingdong Financial Technology Holding Co. to offer its financial services on the Jingdong Expert platform.

Jan 2, 2018
Tang Shihua
China's Internet Finance Platform Qbao.com’s CEO Turns Himself In to Police After Allegations of Illegal Fund-Raising

China's Internet Finance Platform Qbao.com’s CEO Turns Himself In to Police After Allegations of Illegal Fund-Raising

Zhang Xiaolei, the actual controller and CEO of Qbao.com, the online finance platform also known as Qianbao, has surrendered himself…

Dec 27, 2017
Dou Shicong
PBOC Fines China Mobile Payment Arm USD7,642 Over Many No-Nos

PBOC Fines China Mobile Payment Arm USD7,642 Over Many No-Nos

China’s central bank has hit the third-party payment service subsidiary of China Mobile Communications Corp. with a fine of USD7,642 (CNY50,000) for multiple offenses against financial regulations.

Dec 27, 2017
Dou Shicong
Chinese Integrated Payment Site Cloudpay Ceases Operations to Volunteer for Self-Inspection

Chinese Integrated Payment Site Cloudpay Ceases Operations to Volunteer for Self-Inspection

Chinese integrated payment service platform 51cloudpay.com, known as Cloudpay, has suspended payment services and set up a special team to…

Dec 27, 2017
Dou Shicong

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