Tagged: beijing

People’s Bank of China Begins Pilot Regulation Program for Fintech Businesses in Beijing

China’s central bank announced on December 5 that it’s planning to support the nation’s capital city Beijing in exploring and experimenting with various regulatory guidelines for the evolving Fintech industry in order to develop a more inclusive and suitable supervision framework. The nation’s Fintech regulation… Read More

Authorities in China Reportedly Shut Down Local Cryptocurrency Exchange BISS, 10 Individuals Arrested

Authorities in China continue to crack down on crypto-related businesses. Recently, the nation’s police officials closed down local digital asset exchange BISS and took 10 people into custody, as they were suspected of being involved in the trading platform’s business operations. On November 22, 2019,… Read More

China Establishes Asia Fintech Fund of Funds to Focus on M&A

China’s Global Times has reported that the country established a foundation focused on financial and technology mergers and acquisitions throughout Asia.  Asia Fintech Fund of Funds (FOF) is based in Beijing and has 10 billion yuan (approximately $1.44 billion) in funding. Asia Fintech is the second… Read More

Suspended: Registration Of Internet Finances In Several Chinese Cities

In Shanghai and Shenzhen, administrations for industry and commerce have suspended the registration of Internet finance platforms, according to the Beijing Business Today in ECNS.cn. The publication also notes that in Beijing, the Administration for Industry and Commerce also released a similar statement. However, this has not… Read More

China Promotes Greater Support Of Crowdfunding For Startups To Encourage Entrepreneurial Economy

China recently noted that it will promote greater use of equity crowdfunding for startups to encourage entrepreneurship, according to a Cabinet document posted on the central government’s website, writes the South China Morning Post. Repeatedly, the Chinese government has stated its interest in stimulating employment in the state-dominated… Read More

Just Released: China’s New Guidelines For Online Finance Market

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

Jide Tech Returns to Kickstarter With New Android PC Remix Mini; Secures Over $360,000 in Two Days

Earlier this year, Beijing-based Jide Technology hit Kickstarter with a mission to raise funds for its laptop, Remix. The device was described as an Android 4.4.2 based, 11.6” ultra-tablet that provides “the best” mobile productivity and communication experience for all of its users. During its funding round, Remix… Read More

Brief: Big Data is China’s New Tool Against Illegal Fundraising

China’s crowdfunding and peer-to-peer lending markets have frequently featured in the news, as China seeks to decrease fraud in its rapidly expanding Internet finance world. Now, Beijing’s financial supervision agencies are using big data to crack down on illegal fundraising, with an online pre-warning platform already… Read More

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