Fintech

Annualized Interest Rates of Products on Alipay’s Shenghuohao Loan Platform Should Not Exceed 24%, Ant Financial Says

Annualized Interest Rates of Products on Alipay’s Shenghuohao Loan Platform Should Not Exceed 24%, Ant Financial Says

Ant Financial Services Group, the financial services arm of Chinese internet giant Alibaba Group Holding Ltd. [NYSE:BABA], has imposed new…

Nov 24, 2017
Liao Shumin
Zhima Credit Ends Partnerships With Problematic Cash Loan Platforms

Zhima Credit Ends Partnerships With Problematic Cash Loan Platforms

Although the government has not yet published regulations on the cash loan industry, the market has become increasingly prudent, Tencent Finance reported.

Nov 21, 2017
Xu Wei
Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users

Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users

Chinese peer-to-peer lending platform Qudian Inc. [NYSE:QD], which listed on the New York Stock Exchange last month, has reportedly exposed…

Nov 21, 2017
Zhang Xia
Value of China’s Payday Loan Industry Hits CNY1 Trillion as High Interest Rates Arouse Regulatory Concern

Value of China’s Payday Loan Industry Hits CNY1 Trillion as High Interest Rates Arouse Regulatory Concern

Low borrowing thresholds and high loan interest rates have seen payday loan platforms develop rapidly in recent years, with the…

Nov 21, 2017
Ying Yi
HKMA Sets Up Supervisory Chat Room to Connect Innovators and Regulators

HKMA Sets Up Supervisory Chat Room to Connect Innovators and Regulators

The Hong Kong Monetary Authority (HKMA) will set up a fintech supervisory chat room to offer direct feedback to scientific…

Nov 21, 2017
Zhang Xia
China UnionPay, Xiamen International Bank, 9fjinke to Jointly Promote UnionPay 2D Mobile Barcode Payment

China UnionPay, Xiamen International Bank, 9fjinke to Jointly Promote UnionPay 2D Mobile Barcode Payment

China UnionPay Co., China’s traditional payment giant and financial services company, is making sustained efforts in the area of mobile…

Nov 21, 2017
Zhang Xia
Bid to Build Blockchain Rockets Xunlei Shares to Record High

Bid to Build Blockchain Rockets Xunlei Shares to Record High

Shares of Chinese internet company Xunlei Ltd. [NASDAQ:XNET] rose over 20 percent yesterday to a new high since its 2014 listing.

Nov 21, 2017
Dou Shicong
Fosun Will Focus Its Global Investment on Insurance Fintech, Founder Says

Fosun Will Focus Its Global Investment on Insurance Fintech, Founder Says

Fosun International Ltd. [HK:00656] will focus its global investments on insurance fintech, Guo Guangchang, a Chinese entrepreneur and founder of…

Nov 20, 2017
Tang Shihua
Ant Financial, Zhongan Insurance, Qudian Make Up Top Three of Global Fintech 100

Ant Financial, Zhongan Insurance, Qudian Make Up Top Three of Global Fintech 100

Nine Chinese enterprises are included in the Global Fintech 100 released by H2 Ventures and KPMG. Ant Financial Services Group,…

Nov 17, 2017
Xu Wei
Power Firm ‘Misworded’ Document on Supplying Bitcoin Mines, Mining Not Banned, Regulators Say

Power Firm ‘Misworded’ Document on Supplying Bitcoin Mines, Mining Not Banned, Regulators Say

A document issued by a state-owned power company that demanded local power stations stop providing bitcoin miners with electricity, saying…

Nov 15, 2017
Zhou Ailin & Xu Yanyan
Power Company in Sichuan Orders Grid-Connected Hydropower Stations to Stop Bitcoin Production

Power Company in Sichuan Orders Grid-Connected Hydropower Stations to Stop Bitcoin Production

Following the complete halt of bitcoin trading in exchanges, bitcoin mine operation, the upstream of the bitcoin industry, has also begun to be restricted.

Nov 15, 2017
Tang Shihua

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