China: WeiyangX Fintech Review

People’s Bank of China Digital Currency Research Institute and Didi reached a strategic cooperation to explore the application of digital currency

The Digital Currency Research Institute of PBC and Didi Travel have officially reached a strategic cooperation agreement to jointly explore the innovation and application of digital RMB in the field of smart travel. (Source: Beijing Business Today)

Digital Currency Research Institute Starts Internship Program

This week, the Digital Currency Research Institute has also released the “Rising Star” internship program. The program is open to Master or PhD graduates major in computer science, economics, finance, mathematics, and statistics who will receive their degrees in 2021 and 2022. The interns will be offered a 2-3 months’ internship in Suzhou, Shenzhen or Beijing and opportunities to participate in national-level strategic projects. (Source: mpaypass)   

Singapore ADBC and Tencent will jointly develop banking solutions

Tencent Cloud and Singapore’s Asian Digital Banking Corporation (ADBC) signed a memorandum of understanding to jointly develop cloud-based banking technology.

According to the MoU, ADBC will use Tencent’s financial cloud platform to provide digital banking services to SMEs, such as customized services based on customers’ personal data.

At the same time, ADBC stated that Tencent’s cloud platform would enable it to use data analysis, data storage, and batch processing more effectively, thereby enhancing its digital banking strategy. (Source: Sina)

Ant Group is recruiting more blockchain talents as demand surges

A reporter has learned from the Ant Group on July 9th that Ant Blockchain is setting up an X cooperation plan with renowned universities around the world, which aims to increase the recruitment and training of blockchain technical talents.

The Ant Group official did not disclose the specific number of recruits, but people familiar with the matter said that the plan currently has no upper limit. For the next 20 years, the plan will establish a new force that reshapes the production relationship through technologies.

It will invest in research and development around the core technologies of the blockchain, such as distributed ledger, asymmetric encryption, and consensus mechanism. At present, universities like Shanghai Jiaotong University, Massachusetts Institute of Technology, East China Normal University, and Sun Yat-sen University have already joined the plan. (Source:


The above is a weekly synopsis of the biggest stories on Fintech in China provided by WeiyangX, part of Tsinghua University, in partnership with Crowdfund Insider.

WeiyangX is the most influential website focusing on Fintech in China. The site covers the latest news, industry data analysis, business practices, and in-depth Fintech cases in Fintech. WeiyangX is incubated by Fintech Lab. Founded by Tsinghua University’s People’s Bank of China (PBC) School of Finance in 2012, the Fintech Lab is the first and leading research entity dedicated to leading best practices, promoting interdisciplinary innovation, and encouraging entrepreneurship in the field of fintech through scientific research and innovative project incubation.

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