SIX and China Construction Bank Corporation (CCB) signed an MOU to develop cooperation on securities services topics and to foster a continuing relationship between the parties. The signing session reportedly took place in Beijing, China, at SIBOS. SIX and CCB share three main purposes: the… Read More
Thunes, the global B2B payment infrastructure platform, and China Construction Bank (CCB), a commercial bank in China, have announced partnership to collaborate on cross-border payments. With the new relationship, Thunes will support the bank “to enable international payment acceptance for Chinese small to medium-sized businesses… Read More
China Construction Bank (Chongqing and Singapore branches) and ADDX have entered a partnership “to help domestic investors in China participate in the country’s official offshore investment scheme.” The financial institutions announced the signing of a memorandum of understanding (MOU) that “paves the way for them… Read More
BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More
Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Beijing would give priority to the development… Read More
The team at Security Token Advisors, which aims to “reinvent” finance with security tokens, reveals that the world’s top 100 banks in terms of assets under management (AUM) are learning how to “reinvent themselves” with blockchain or distributed ledger technology (DLT). The Security Token Advisors… Read More
China Construction Bank Corporation (CCB) has suspended its digital bond issuance on the FUSANG exchange. The digital bond was originally scheduled to go live on the Exchange on Friday, 13 November 2020. FUSANG said that just before the listing time, written communication was received from the… Read More
Fusang, a Labuan-based Fintech, has partnered with the China Construction Bank to issue $3 billion worth of bonds utilizing blockchain technology. According to Fusang: “The Issuer is a special purpose vehicle and its principal activity is to establish the commercial paper programme of up to… Read More
China Construction Bank (CCB), one of the nation’s largest financial institutions, has reportedly disabled its digital yuan wallet, which was available inside the banking group’s mobile app, after the service’s soft launch drew wide attention. According to Coindesk, It is unclear when the banking group… Read More
China Construction Bank (CCB), one of the nation’s largest financial institutions, has reportedly added new features to its blockchain-based finance platform. According to local news outlet Xinhuanet, CCB’s distributed ledger technology (DLT)-enabled finance platform can now process cross-chain and inter-bank transactions. Trading volume on the… Read More
China Construction Bank Approves to Launch Digital Banking Business in Malaysia On August 26th, China Construction Bank Co., Ltd. Labuan Branch announced that it had received regulatory approval from Labuan Financial Services Authority to conduct digital banking business. According to the statement, it would become… Read More
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
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
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
Ant Financial Opens its VR Pay Service Platform to Xiaomi and Huawei. On March 31, Ant Financial, the finance arm of Alibaba Group Holdings, revealed its new payment service for virtual reality shopping at the Shenzhen Innovation Week. The VR Pay system will greatly… Read More
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