Fintech

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
PBOC Fines China Mobile’s Third-Party Payment Provider for Violating Regulations

PBOC Fines China Mobile’s Third-Party Payment Provider for Violating Regulations

The People’s Bank of China Changsha Central Sub-branch said yesterday that it fined the third-party payment provider of China Mobile Ltd. [HKG:0941] for violations of regulations on Dec. 7.

Dec 27, 2017
Liao Shumin
Blockchain Technology Developer Shanghai Tower Network Raises CNY6 Mln in Angel Funding

Blockchain Technology Developer Shanghai Tower Network Raises CNY6 Mln in Angel Funding

Blockchain technology developer Shanghai Tower Chain Network Technology Co. has raised CNY6 million (USD916,000) in its angel round of funding…

Dec 26, 2017
Tang Shihua
Guangdong Province Unveils China's Most Important Support Policy for Blockchain Development

Guangdong Province Unveils China's Most Important Support Policy for Blockchain Development

The Huangpu district in Guangzhou, capital of South China’s Guangdong province, took the lead in introducing the province's first special…

Dec 26, 2017
Dou Shicong
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

Pages