Tagged: bank of china

Digital Yuan May Allow Anonymous Transactions, and Could Replace Cash, Former Bank of China President Argues

China Payments iPhone Smartphone Money

Li Lihui, the former president of the Bank of China, claims that the nation’s highly-anticipated virtual yuan will be launching soon. Lihui has argued that the digital renminbi could potentially replace cash. The central bank digital yuan, or CBDC, is still in its testing phase… Read More

Fintech: Bank of China to Expand its Financial Tech Regulatory Pilot to Shanghai, Shenzhen, Several Other Chinese Cities

Bank of China London UK

The Bank of China, one of the four largest state-managed commercial banking institutions in the country with over $3 trillion in assets, introduced its very first Fintech-focused regulatory pilot initiative in Beijing in 2019. The bank now says it will further expand its regulatory pilot… Read More

China’s Virtual Yuan will Use Dual Offline Technology to Ensure that the National Digital Currency Works Even with Poor Signal Strength

China one Yuan Money Mao

The Bank of China’s somewhat secretive digital currency pilot program has made many people quite curious. The bank recently provided an official explanation of how the virtual yuan or renminbi was being tested and how it might work if and when it is launched. A… Read More

Report: Bank of China Issues Bonds via Blockchain

pablo garcia saldana Unsplash China Shanghai Man on Scooter Transportation

A report from earlier this week in Sina indicates that the Bank of China has issued Yuan 20 billion (USD $ 2.8 billion) in “special finance bonds” for small and micro firms. For the issuance, the Bank of China used a “self-developed blockchain bond issuance… Read More

China: WeiyangX Fintech Review

Summer Palace Beijing China francisco delgado unsplash

Insurtech Platform Shuidi Completes RMB 1 billion C Round of Financing led by Boyu Capital On June 12th, China’s leading Insurtech platform Shuidi (meaning waterdrop in English) was reported to secure RMB 1 billion in C round of financing. The investment was led by Boyu… Read More

China: WeiyangX Fintech Review

Beijing China by zhang kaiyv on Unsplash

Beijing publishes Fintech Development Plan (2018-2022) Recently, the Zhongguancun Administration Committee, the Beijing Financial Work Bureau and the Beijing Municipal Science and Technology Committee jointly issued the “Promotion of Financial Technology Development Plan (2018-2022)” (hereinafter referred to as “plan”). The goal of the plan is,… Read More

China: WeiyangX Fintech Review

thana gu unsplash Shanghai China Street Traffic

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

jay ma Unsplash Jiaxing China

Online Marketplace Lenders Banned from Lending to College Students in China On September 6th, Zhao Jianjun, deputy director of the Department of Finance at Ministry of Education, announced at a press conference that online marketplace lenders are banned from lending to college students in China…. Read More

China: WeiyangX Fintech Review

China Forbidden City Beijing Crowd

Bank of China and China Construction Bank to Offer Student Loans to University Students Since China Banking Regulatory Commission released regulations on P2P online lending market last month, the student loan market has stagnated. On May 17, Bank of China and China Construction Bank announced… Read More

Send this to a friend