October 25, 2020 @ 3:59 pm By Xu Gao  |  

PBC Digital Currency Research Institute and Rural Credit Bank Fund Clearing Center Sign a Strategic Cooperation Agreement On October 20th, the Digital Currency Research Institute of the People’s Bank of China (hereinafter referred to as the Institute of Digital Currency Research) and the Rural Credit… Read More

October 17, 2020 @ 5:00 pm By Xu Gao  |  

Insurtech Platform Nanyan Information Technology Secures 250-million-yuan Series C Round of Financing On October 14th, Chinese Insurtech platform Nanyan Information Technology (hereinafter referred to as “Nanyan”) announced that it had secured 250 million yuan in a Series C round of financing. The investment was led… Read More

September 26, 2020 @ 6:17 pm By Xu Gao  |  

PBC Releases Implementation Measures of the People’s Bank of China for the Protection of Financial Consumer Rights In order to accelerate the building of a full-fledged mechanism for the protection of financial consumers’ rights and interests and protect the long-term and fundamental rights of financial… Read More

September 19, 2020 @ 12:59 pm By Xu Gao  |  

Cloud Computing PaaS Startup BoCloud Completes Series D Round of financing On September 17th, cloud computing PaaS [platform as a service] and multi-cloud management startup BoCloud announced the completion of its series D round of financing. The investment was provided by Guoxin Venture Capital, Xinhuan… Read More

September 12, 2020 @ 5:00 pm By Xu Gao  |  

CBIRC: Increasing Efforts to Crack Down on New Types of Illegal Commercial Insurance Activities Recently, the Anti-Illegal Financial Activities Bureau of China Banking and Insurance Regulatory Commission (CBIRC) published an article entitled “Analysis of Illegal Commercial Insurance Activities and Regulatory Suggestions” in “Observation of Insurance… Read More

August 29, 2020 @ 6:09 pm By Xu Gao  |  

Cybersecurity Insurance Provider Yuanbao Tech Completes A Round of Financing led by GL Ventures On August 28th, cybersecurity insurance service provider Yuanbao Tech announced that it had completed a ¥ 10-million-level A round of financing. The investment was led by GL Ventures, with participation from… Read More

August 22, 2020 @ 5:55 pm By Xu Gao  |  

Insurtech Platform Shuidi SecureS US $230 Million D-round of Financing On August 20th, at the 2020 Global Partner Conference of Shuidi Insurance Mall, Shen Peng, founder & CEO of Shuidi, announced that the company had completed a series D financing of US$230 million, led by… Read More

August 15, 2020 @ 12:00 pm By Xu Gao  |  

Moka, an Intelligent Recruitment Management System, Completes 100-million-yuan Series B+ Financing Moka, a provider of intelligent recruitment management solutions, has completed a Series B+ round of financing of more than 100 million yuan led by a well-known venture capital fund. Up to now, Moka’s B… Read More

August 1, 2020 @ 12:27 pm By Xu Gao  |  

Agricultural Bank of China Establishes Financial Technology Subsidiary On July 28th, the Agricultural Bank of China officially launched the “Agricultural Bank of China Fintech Co., Ltd.”. The new subsidiary is headquartered in Tongzhou District, Beijing with a registered capital of 600-million-yuan. Its main business is… Read More

July 25, 2020 @ 6:00 pm By Xu Gao  |  

Buy Insurance for Your Pet on Alipay On July 20th, Alipay started to offer pet insurance in collaboration with China Continent Insurance and ZhongAn Insurance. The pet insurance will use nose print recognition to register pets when you purchase the policy and verify pets when… Read More

July 18, 2020 @ 10:04 am By Xu Gao  |  

Beijing Makes Policy Update for Startup Loans On July 13th, Beijing Municipal Human Resources & Social Security Bureau and the Business Administration Department of PBC jointly made an update for the startup-loan support policy. Eligible individual borrowers can apply for a business guarantee loan up… Read More

July 11, 2020 @ 9:59 am By Xu Gao  |  

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… Read More

July 5, 2020 @ 12:19 pm By Xu Gao  |  

2020 CB Insights China Fintech 50 List Released On June 29th, CB Insights China announced the first CB Insights China Fintech List (the List) at the “Future of Fintech China” summit in Shanghai. Fintech companies were evaluated based on a unique DPTC system, namely Depth,… Read More

June 21, 2020 @ 4:11 pm By Xu Gao  |  

Chinese Ministry of Finance Issues Anti-Coronavirus Special Sovereign Bonds On June 16th, the Ministry of Finance of the People’s Republic of China issued a total of 70 billion yuan anti-coronavirus special sovereign bonds. According to the press release: The bonds are 10-year fixed-rate interest-bearing bonds… Read More

June 13, 2020 @ 2:31 pm By Xu Gao  |  

Workforce Operational Solution Provider Quhuo Files for U.S. IPO On June 4th, Quhuo, a workforce operational solution provider for China’s consumer service industry, filed for an IPO on the U.S. stock market. According to the F-1 prospectus document, Quhuo plans to be listed on the… Read More

June 7, 2020 @ 5:00 pm By Xu Gao  |  

The People’s Bank of China Has Launched Innovative Monetary Policy Instruments to Enable Direct Support for the Real Economy In line with the arrangements of the Report on the Work of the Government, the People’s Bank of China (PBC) has launched another two instruments that… Read More

May 31, 2020 @ 2:29 pm By Xu Gao  |  

China’s Top Financial Authorities Roll Out 11 Financial Reform Measures On May 27th, the Office of the Financial Stability Development Committee of the State Council issued a press release that the Development and Reform Commission, the Ministry of Finance, People’s Bank of China, China Banking… Read More

May 24, 2020 @ 5:43 pm By Xu Gao  |  

The People’s Bank of China and State Administration for Market Regulation Sign Data Sharing MoU On May 20th, the People’s Bank of China (PBC) and State Administration for Market Regulation (SAMR) signed a Memorandum of Cooperation on Data Sharing (hereinafter referred to as the MoU),… Read More

May 17, 2020 @ 11:08 am By Xu Gao  |  

PBC, CBIRC, CSRC and SAFE Release Opinions on Providing Financial Support for the Development of Guangdong-Hong Kong-Macao Greater Bay Area To fully implement the decisions and arrangements of the CPC Central Committee and the State Council, upon the approval of the State Council, PBC, CBIRC,… Read More

May 10, 2020 @ 4:25 pm By Xu Gao  |  

“Financial Innovation and Development Open Courses” launched on WeiyangX.com This week, WeiyangX.com launched a new series of financial open courses. Under the guidance of Beijing Municipal Bureau of Financial Work, the “Financial Innovation and Development Open Course” is hosted by PBC School of Finance, Tsinghua… Read More