Fintech

Ping An Global Voyager Fund Invests USD45 Million in European Fintech Firm 10x Future

Ping An Global Voyager Fund Invests USD45 Million in European Fintech Firm 10x Future

Ping An Global Voyager Fund, the overseas investment arm of China's second-biggest insurer Ping An Insurance Co. [SHA:601318] has made…

Sep 22, 2017
Zhang Xia
Bank of China Takes Fintech to Malaysia in Bid to Boost Retail Banking

Bank of China Takes Fintech to Malaysia in Bid to Boost Retail Banking

Bank of China Ltd.’s [SHA:601988; HKG:3988] Malaysia office has unveiled the Southeast Asian country’s most advanced intelligent banking network by…

Sep 22, 2017
Zhang Xia
China's Internet Payment License Prices Are Geyser to USD92.3 Million

China's Internet Payment License Prices Are Geyser to USD92.3 Million

A paucity has driven the price of a third-party payment license in the Chinese market to over USD150 million (CNY1 billion), the state-run China.org.cn reported.

Sep 20, 2017
Liao Shumin
ZhongAn Technology Creates Alliance to Use Blockchain in Chicken Breeding

ZhongAn Technology Creates Alliance to Use Blockchain in Chicken Breeding

ZhongAn Information & Technology Services Co. (ZhongAn Technology) has formed a science and technology alliance with other firms to apply…

Sep 20, 2017
Zhang Xia
China’s First Online-Only Insurer Proves Big Hit in IPO

China’s First Online-Only Insurer Proves Big Hit in IPO

Shares in China’s first internet-based insurance firm, ZhongAn Online P&C Insurance Co. [HKG:6060], are in strong demand are its initial public offering in Hong Kong on Sept. 18.

Sep 20, 2017
Luo Qi
China’s Central Bank Makes Active Deployment to Unveil Sovereign Digital Currency When Necessary, Its Official Publication Says

China’s Central Bank Makes Active Deployment to Unveil Sovereign Digital Currency When Necessary, Its Official Publication Says

China’s central bank, the People’s Bank of China (PBOC), is expected to introduce China’s own sovereign digital currency following recent…

Sep 19, 2017
Liao Shumin
Senior Executives of Several Virtual Currency Exchange Platforms Are Prohibited From Leaving Beijing, Says Online Media Outlet

Senior Executives of Several Virtual Currency Exchange Platforms Are Prohibited From Leaving Beijing, Says Online Media Outlet

Principals and senior executives of virtual currency exchange platforms are not allowed to leave China’s capital, Beijing, to facilitate the…

Sep 18, 2017
Liao Shumin
Chinese Payment Clearing Platform to Unify QR Code Standards, Compliance Will Be Voluntary

Chinese Payment Clearing Platform to Unify QR Code Standards, Compliance Will Be Voluntary

NetsUnion Clearing Corp., a non-banking payment clearing platform set up by the Payment & Clearing Association of China, is currently…

Sep 18, 2017
Dou Shicong
China Needed Virtual Currency Ban, but Blockchain Still Has Huge Potential, Finance Academic Says

China Needed Virtual Currency Ban, but Blockchain Still Has Huge Potential, Finance Academic Says

China’s recent regulatory ban on initial coin offerings and public trading of virtual currencies is totally justified, but blockchain technology’s…

Sep 18, 2017
Chen Yikan
China's NIFA Warns Financiers Against Investing in Fake Tech Innovations Unable to Add Value to Real Economy

China's NIFA Warns Financiers Against Investing in Fake Tech Innovations Unable to Add Value to Real Economy

Institutions engaged in financial services should not pursue unconventional internet and technology projects that excessively adopt innovation regardless of the demands of the real economy

Sep 18, 2017
Du Chuan
Fintech Regulators Must Move From Institutional to Functional Supervision, Former IMF Executive Says

Fintech Regulators Must Move From Institutional to Functional Supervision, Former IMF Executive Says

With the arrival of fintech, regulators have no choice but to switch from institutional to functional supervision, Zhu Min, head…

Sep 18, 2017
Tang Shihua
Fintech Makes Finance More Inclusive, Ant Financial President Says

Fintech Makes Finance More Inclusive, Ant Financial President Says

Financial technology is the biggest inclusive financial powerhouse of our time, Jing Xiandong, president of Alibaba Group Holding Ltd.’s [NYSE:BABA]…

Sep 18, 2017
Dou Shicong

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