Xu Gao

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

China: WeiyangX Fintech Review

Cross-Border Payment Company iPayLinks Wins Hundreds of Million-Yuan B1 Round of Financing led by Tencent On March 28th, cross-border payment company iPayLinks announced that it had completed, at the beginning of this year, a hundreds of million-yuan B1 round of financing led by Tencent and… Read More

China: WeiyangX Fintech Review

China is Setting Up a National Online Contract Filing Platform On March 21st, the National Committee of experts on Internet Financial Security Technology (hereinafter referred to as the “Special Committee”) announced that it has jointly set up the national online contract filing platform with SIC… Read More

China: WeiyangX Fintech Review

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

China: WeiyangX Fintech Review

  Fintech Remarks and Proposals from 2018 Two Legislative Sessions March 3rd saw the opening of “2018 NPC & CPPCC: annual legislative and political advisory sessions” in China. Here are some fintech related remarks and proposals that we summarized from this year’s sessions. (Source: 01Caijing)… Read More

China: WeiyangX Fintech Review

China Issues its First Personal Credit Rating License On February 22, the People’s Bank of China published an announcement about setting up personal credit rating agencies. According to the document, Baihang Credit Rating Co., Ltd., was granted the first personal credit rating license in China,… Read More

China: WeiyangX Fintech Review

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

China: WeiyangX Fintech Review

Tencent Credit Launches Public Beta Testing in China On January 30th, Tencent officially launched a public beta testing for its credit service-Tencent Credit. Users may get access to the service by searching “Tencent Credit” within WeChat, complete real-name authentication, bind his/her mobile phone number to… Read More

China: WeiyangX Fintech Review

P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More