Tagged: china

PINTEC Partners With Xiaomai Zhujiao to Enable Installment Financing for Educational & Training Institutions

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it is teaming up with  Xiaomai Zhujiao, a provider of education management software systems in China, to develop a consumer financing solution for education and training institutions. PINTEC reported that it will cooperate with Xiaomai Zhujiao to… Read More

Ping An’s Fintech Subsidiary OneConnect Commences Operations in Indonesia

OneConnect, a subsidiary of China’s insurance giant, Ping An, announced on Thursday it has commenced operations in Indonesia to enable local banks and financial institutions to accelerate their efforts in digitization of financial services and move towards a more inclusive financial industry. This news comes just a few months… Read More

Wirecard Teams Up With Tirol Werbung to Launch China Pay Initiative

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has formed a new partnership with Tirol Werbung, the tourism organization of the Austrian state of Tyrol, are launching a new China Pay Initiative together with partners Innsbruck Tourism, Kitzbühel Tourism, the Kufsteinerland Tourism… Read More

“Fox Hunt:” Chinese Authorities Investigate Over 380 Peer to Peer Lending Platforms, Seize Assets

The Chinese Ministry of Public Security has revealed that over 380 peer to peer lending platforms are currently under investigation. A release by Xinhua on Sunday said that about USD $1.5 billion in P2P lending assets were involved. Apparently, the Chinese police have seized or frozen cash,… Read More

China: WeiyangX Fintech Review

Beijing to Start to Test “Personal Credit Score” System On January 30th, the “Opinions on Strengthening the Management of Fine Urban Management” was officially announced. According to the document, Beijing will start to test a “Personal Credit Score” system to raise the awareness for integrity… Read More

Crypto Miners Return to Sichuan Province for Cheap Hydro During Rainy Season

After many were forced out and ruined by floods last year, tenacious crypto miners are nonetheless poised to (re)establish operations in the mountainous Chinese province of Sichuan. They plan to do so just ahead of May to October’s rainy season when the price of electricity… Read More

Innovate Finance Releases UK Fintech Report: Very Big Deals

According to Innovate Finance‘s new report 2018 FinTech VC Investment Landscape, investment in UK Fintech rose by 18% to $3.3 billion in 2018. Some additional highlights from the report include: Growth private equity investment rose 57% to $1.6 billion, while venture capital dipped to $1.7 billion… Read More

China: WeiyangX Fintech Review

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

China: WeiyangX Fintech Review

Winners of the 2018 Global Fintech Venture Competition Announced in Beijing The winners of the 2018 Global Fintech Venture Competition were officially announced at the 3rd China Fintech Conference on January 20, 2019. The 2018 Global Fintech Venture Competition was initiated by Tsinghua IFR, jointly… Read More

PINTEC to Launch Handset Financing For China Mobile Subscribers

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it is launching its next-generation handset financing for China Mobile’s subscribers. PINTEC revealed that it and an undisclosed national consumer financial company that was approved by the China Banking Regulatory Commission will develop a digital lending… Read More

PINTEC Announces Zhou Jing to Lead International Business Expansion

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday its President, Zhou Jing, is now set to lead its international business expansion efforts. According to PINTEC, Zhou has served as the president of the Company since January 2018. From May 2016 to January 2018, she served as the CEO of the Dumiao… Read More

China: WeiyangX Fintech Review

Visa Will Establish Asia’s Second Innovation Center in Beijing It is always not easy for payment Giant Visa to enter the Chinese market. Yet, it still does not give up. According to Yu Xueli, president of Visa (Greater China), Visa is planning to set up… Read More

Chinese P2P Lender Hexindai Announces Investor Insurance Coverage Agreement with Shanxi Zhengxuan Finance Guarantee

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

Ripple Partners with Tsinghua University to Launch the Blockchain Technology Research Scholarship Program

The Institute for Fintech Research, Tsinghua University (THUIFR) has partnered with Ripple to launch the Blockchain Technology Research Scholarship Program (BRSP) for graduate students in China. Based on the academic and industrial research achievement accomplished by Fintech Lab since 2012,THUIFR  is jointly established by PBC… Read More

Insurtech: ZhongAn Partners with Grab to Create Joint Venture to Establish Digital Insurance Marketplace in Asia

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

Pintec Teams Up With Best Wonder For Small & Micro-Sized Enterprise Digital Lending Services

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a partnership with Best Wonder Co., Ltd., a SaaS platform for business E-tax and digital invoice services, to develop digital lending solutions to support small and micro-sized enterprises.  According to PINTEC, the collaboration… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

China Issues Rules for Blockchain Prohibiting Anonymous Use and Requiring Industry to Provide “Social Credit” Data

The Chinese National Internet Information Office (CNIIO) issued rules to govern the country’s “Blockchain Information Services” sector yesterday. The rules will go into force February 15th, 2019. The rules, which include ID requirements and development of channels to provide information to China’s “social credit” system (used for… Read More

X Financial Names AlBank New Custodian Bank

China-based X Financial (NYSE: FXE) announced on Thursday it has engaged Citic AIBank Corp. (AIBank) as its custodian bank. According to X Financial, the appointment is considered a significant step in the company’s strategy to strengthen trust and security in its platform. As previously reported, X Financial… Read More

More Details Emerge About Possible Executive Succession, IPO, and Layoffs at Bitmain, World’s Largest Cryptomining Firm

A new CEO is already in place at Bitmain, the world’s largest manufacturer of cryptocurrency mining equipment and operator of crypto mines, a source to Hong Kong news outlet The South China Morning Post (SCMP) claims. Though Bitmain itself has refused to confirm the change, a former… Read More

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