Xu Gao

China: WeiyangX Fintech Review

Shanghai Information Security Evaluation and Certification Center is Working on the Establishment of Blockchain Technical Security Standards According to a report called “Safety issues under the rapid development of the “blockchain +” industry”, blockchain security problems in 2018 have caused $2 billion in asset losses… Read More

China: WeiyangX Fintech Review

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

China: WeiyangX Fintech Review

The PBOC Sets Up a Financial Technology Company in Shenzhen On September 5th, the Digital Money Research Institute of People’s Bank of China established “Shenzhen Financial Technology Co., Ltd.” in Shenzhen. People familiar with the project said the company was involved in the development of… Read More

China: WeiyangX Fintech Review

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

China: WeiyangX Fintech Review

Ant Fortune Announces the Launch of One-Stop Pension Service with First Batch of 14 Pension Funds On August 14, Ant Fortune announced that it will launch a series of pension products and services based on open + AI technology. In the future, users could get… Read More

China: WeiyangX Fintech Review

China Issues its First Blockchain-based Electronic Invoice in Shenzhen This week, a restaurant in Shenzhen issued a blockchain-based electronic invoice, making it the first case in China. This invoice innovation is led by Shenzhen Municipal Taxation Bureau, technically supported by Tencent, and approved by the… Read More

China: WeiyangX Fintech Review

China and South Korea’s Financial Regulatory Agencies Reach Cooperation on Cryptocurrencies and Other Issues According to Chosun’s report last week, Yoo Kwang-yeol, the first senior vice president of the Korea Financial Supervision Service (FSS), recently met with the vice chairman of the China Banking &… Read More

China: WeiyangX Fintech Review

Chinese Fintech Enterprises Raised ¥230 billion (USD $ 2.64 billion) in the First Half of the Year The integration of technology and finance has become a major trend in the development of the financial industry. The investment enthusiasm of the capital market for financial technology… Read More

China: WeiyangX Fintech Review

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

China: WeiyangX Fintech Review

China Launches a 100-billion-yuan technology investment fund: Chinese Version of the Vision Fund? On July 2, China Merchants Group, Beijing Asset Management Corporation SPF Group and London’s Centricus Corporation announced to launch a 100-billion-yuan investment fund – “China New Era Technology Fund.” The fund aims… Read More

China: WeiyangX Fintech Review

Baihang Credit Rating Announces the First 15 Crew Members On June 28th, Baihang Credit Co., Ltd. announced its first crew members in Shenzhen. These 15 institutions are mainly Fintech and consumer finance companies, including Yirendai and PPDAI. According to the cooperation agreement, these 15 institutions… Read More

China: WeiyangX Fintech Review

Tiger Brokers and Nasdaq Reach Strategic Cooperation on US Stock Data Solutions On June 14th, Tiger Brokers and Nasdaq announced a strategic cooperation to jointly provide Chinese Fintech platforms access to the US stock market data. According to the agreement, Tiger Brokers will become the… Read More

China: WeiyangX Fintech Review

NIFA Releases China’s First National Fintech Identity Verification Platform Early this week, the National Internet Finance Association of China (NIFA) released China’s first Fintech identity verification platform. This was a response to the requirements of various Fintech industry practitioners and regulatory authorities. In the future,… Read More

China: WeiyangX Fintech Review

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Global Finance Forum (2018) convened in Beijing On May 19, Tsinghua PBCSF Global Finance Forum (2018), which was hosted by Tsinghua University and organized jointly by the Tsinghua University PBC School of Finance (PBCSF), Tsinghua University National Institute of Financial Research (NIFR) and… Read More

China: WeiyangX Fintech Review

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

China: WeiyangX Fintech Review

PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More

China: WeiyangX Fintech Review

Financial Inclusion Platform FINUP Plans Public Listing in Hong Kong On April 23, China’s leading financial inclusion platform FINUP filed a listing application for the Hong Kong Exchanges and Clearing Limited (HKEX). According to statistics, FINUP will be the fifth Fintech company from mainland China… Read More

China: WeiyangX Fintech Review

Ant Financial and Bank of China Collaborate on Blockchain-based House Leasing Project in Xiong’an New Area On April 20th, Ant’s Xiong’an Digital Technology Co., Ltd. and the Xiong’an branch of Bank of China, signed a strategic cooperation agreement in Xiong’an New Area. In the future,… Read More

China: WeiyangX Fintech Review

Educational Installment Platform Xiaoniujh.com Secures Millions in A-round Financing On April 10th, Chinese leading installment financing platform for quality education Xiaoniujh.com announced that it had secured millions in an A-round financing. The investment was led by HG Capital and followed by Sina and Aplus Capital. Xiaoniujh.com… Read More

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