Fintech

Solar Accessory Maker Akcome to Set Up USD34.6 Million Online Microloan Firm

Solar Accessory Maker Akcome to Set Up USD34.6 Million Online Microloan Firm

Photovoltaic solar energy accessories firm Jiangsu Akcome Science & Technology Co. [SHE:002610] will establish an internet-based micro-finance subsidiary to provide supply…

Sep 15, 2017
Zhang Xia
Chinese Internet Finance Body Warned Investors of Cryptocurrency Risks, Questioning Their Value Basis

Chinese Internet Finance Body Warned Investors of Cryptocurrency Risks, Questioning Their Value Basis

State institution the National Internet Finance Association of China advised investors against engaging in virtual currency trading with the release of a warning on the risks associated…

Sep 15, 2017
Liao Shumin
Cryptocurrency Prices Dive on Intensifying Regulatory Measures, Bitcoin Falls to USD3,054

Cryptocurrency Prices Dive on Intensifying Regulatory Measures, Bitcoin Falls to USD3,054

Prices of virtual currencies have continued to decline after China’s government said it will ban all cryptocurrencies in the country.…

Sep 15, 2017
Tang Shihua
Online Finance Sector to Enter Rectification and Adjustment Period, Says Peking University Academic

Online Finance Sector to Enter Rectification and Adjustment Period, Says Peking University Academic

China’s internet finance sector will enter a rectification and adjustment or even a relatively slower period of development under the recently intensified…

Sep 15, 2017
Yin Yi
China’s Biggest Cryptocurrency Platform to Close Doors by End of Month

China’s Biggest Cryptocurrency Platform to Close Doors by End of Month

China’s biggest cryptocurrency trading platform, BTCChina, will shut down on Sept. 30, it said in a statement today.

Sep 14, 2017
Liao Shumin
All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says

All Cryptocurrency Trading Platforms in China Shall Be Closed, Source Says

Chinese authorities have decided that the trading activities of all cryptocurrency trading platforms shall be suspended soon and closed thereafter, a source exclusively told Yicai Global today.

Sep 14, 2017
Xu Yanyan
Shanghai-Based P2P Platform Bags USD30 Million in B-Round Financing From Zhongding Group

Shanghai-Based P2P Platform Bags USD30 Million in B-Round Financing From Zhongding Group

Shanghai Hepan Financial Information Service Co., a peer-to-peer lender, has raised CNY200 million (USD30.77 million) in B-round financing from investment management firm Shanghai Zhongding Group Co., PE Daily…

Sep 14, 2017
Zhang Xia
Chinese Regulators Intend to End Trade Between Yuan and Cryptocurrencies, Source Says

Chinese Regulators Intend to End Trade Between Yuan and Cryptocurrencies, Source Says

Chinese authorities are closely monitoring all cryptocurrency trading platforms with the intention of stopping trading, a source close to regulators told Yicai Global today.

Sep 13, 2017
Yin Yi
Chinese Bitcoin Trading Platform Requires Users to Submit Pay Slips

Chinese Bitcoin Trading Platform Requires Users to Submit Pay Slips

As China’s central bank works to improve its regulation of cryptocurrencies, major trading platforms have reinforced their anti-money laundering measures.

Sep 12, 2017
Chen Juan
Bitcoin Climbs More Than 6% on Chinese Exchanges

Bitcoin Climbs More Than 6% on Chinese Exchanges

Bitcoin prices rebounded more than 6 percent to over CNY25,000 on Chinese exchanges after falling for two days in a…

Sep 12, 2017
Chen Juan
Fintech Companies Should Continue Their Research Into Blockchain Technology Despite ICO Ban, Says Central Bank Official

Fintech Companies Should Continue Their Research Into Blockchain Technology Despite ICO Ban, Says Central Bank Official

China’s ban on fundraising through initial coin offerings (ICO) is necessary and timely. However, it should not obstruct the fintech…

Sep 12, 2017
Liao Shumin

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