Fintech

Financial Industry Solutions Provider Ysstech Plans to Invest USD7.67 Million in AI Joint Venture

Financial Industry Solutions Provider Ysstech Plans to Invest USD7.67 Million in AI Joint Venture

Financial industry solutions provider Shenzhen Ysstech Info-Tech Co. [SHE:300377] will invest in a Shanghai-based joint venture to introduce talents from…

Sep 7, 2017
Tang Shihua
Ant Financial Will Not Bind to Any One Insurer, Executive Says

Ant Financial Will Not Bind to Any One Insurer, Executive Says

None of Ant Financial’s insurance projects will be exclusively operated by any one indemnity provider, said an executive for the insurance business at Ant Financial, as Thepaper.cn reported.

Sep 7, 2017
Tang Shihua
Chinese Bottom-Feeding Investors Still Active on Crypto Currency Market 24 Hours After ICO Ban

Chinese Bottom-Feeding Investors Still Active on Crypto Currency Market 24 Hours After ICO Ban

Virtual money prices slumped across the board after China’s regulators imposed a ban on initial coin offerings (ICOs), but some…

Sep 6, 2017
Yin Yi
[Exclusive] ICO Ban Is Justified, But Regulators Should Support Blockchain Growth, PBOC Advisor Says

[Exclusive] ICO Ban Is Justified, But Regulators Should Support Blockchain Growth, PBOC Advisor Says

Regulatory intervention of initial coin offerings is justified, a key advisor to the People’s Bank of China, the nation’s central bank, told Yicai Global in an interview.

Sep 6, 2017
Zhou Ailin
Digital Tokens in ICOs May Be 'Securities' and Subject to Relevant Laws, HK Regulator Says

Digital Tokens in ICOs May Be 'Securities' and Subject to Relevant Laws, HK Regulator Says

Depending on the facts and circumstances of an initial coin offering (ICO), digital tokens sold or put on the market…

Sep 6, 2017
Xu Wei
ICO Ban Is Just the Start; China Will Roll Out More Cryptocurrency Regulations, Source Says

ICO Ban Is Just the Start; China Will Roll Out More Cryptocurrency Regulations, Source Says

China’s ban on initial coin offerings (ICOs) is just the start, and the country will roll out more cryptocurrency regulations,…

Sep 5, 2017
Xu Yanyan and Wang Jiaxin
China Bans Initial Coin Offerings

China Bans Initial Coin Offerings

The People’s Bank of China and six other national ministries and commissions have banned initial coin offerings (ICOs) and declared that they are illegal, the bank said online yesterday.

Sep 5, 2017
Xu Wei
Monthly Transactions Below USD30 Billion for Three Straight Months in China Portend Peril for P2P  Lenders

Monthly Transactions Below USD30 Billion for Three Straight Months in China Portend Peril for P2P Lenders

As regulation stiffens, China’s emerging online lending industry is also facing huge pressure from operations. The monthly transaction volume of China’s online…

Sep 4, 2017
Yin Yi
[Exclusive] Chinese Regulators Rush to Investigate ICO Platforms

[Exclusive] Chinese Regulators Rush to Investigate ICO Platforms

Chinese regulators are monitoring local initial coin offering platforms as requested by the central government, with some authorities ready to…

Sep 4, 2017
Liu Jia

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