Tagged: china

December 19, 2021 @ 2:40 pm By Xu Gao  |  

JD Cloud Sets Up a New Digital Economy Company with Scope of Business in Data Processing and Storage Support Services. As shown on enterprise information query platform Tianyancha.com, JD Cloud, the cloud computing brand of JD.com, has established a new digital economy Co., Ltd on… Read More

December 5, 2021 @ 1:22 pm By Xu Gao  |  

The Ministry of Industry and Information Technology Issues the “14th Five-Year Plan for Big Data industry development” On November 30th, the Ministry of Industry and Information Technology released the “14th Five-Year Plan for the Development of Big Data Industry” (hereinafter referred to as the Plan)…. Read More

November 29, 2021 @ 3:15 pm By Xu Gao  |  

Beijing Looks to Set Up Digital Asset Exchange in the Sub-Center Area On November 26th, the State Council released a circular on supporting Beijing’s sub-center in pursuing high-quality development. To achieve the goals of a green city, sponge city, and smart city, related authorities will… Read More

November 28, 2021 @ 12:06 pm By Omar Faridi  |  

China’s reserve bank confirmed on Friday (November 26, 2021) that it had accepted the application to launch a personal credit-scoring joint venture that is reportedly being backed by Alibaba‘s (NYSE: BABA) Fintech division Ant Group and various other companies. Qiantang Credit Rating Co Ltd will… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 21, 2021 @ 2:21 pm By Xu Gao  |  

Cyberspace Administration of China Plans to Introduce Category-based Data Protection System On November 14th, the Cyberspace Administration of China released the “Internet Data Security Administrative Regulations” for public consultation. The regulations call for the establishment of a category and grade-based data protection system which divides… Read More

November 13, 2021 @ 7:15 pm By Xu Gao  |  

People’s Bank of China Launches New Support Policy for Carbon Reduction  On November 8th, the People’s Bank of China launched a new policy tool to support efforts of carbon reduction in China. The PBC will use this monetary policy instrument to provide low-cost funding for… Read More

November 7, 2021 @ 1:38 pm By Xu Gao  |  

Personal Information Protection Law Goes Into effect on November 1st On November 1st, the Personal Information Protection Law of the People’s Republic of China came into effect. According to the law, activities such as collection, processing, and trading of personal information will be strictly monitored,… Read More

October 31, 2021 @ 6:37 pm By Xu Gao  |  

“Banking Financial Institutions Joint Declaration for the Support for the Protection of Biodiversity” Released in Kunming On October 15th, 36 Chinese banks and 24 foreign banks and international organizations signed up for the “Banking Financial Institutions Joint Declaration for the Support for the Protection of… Read More

October 24, 2021 @ 3:39 pm By Xu Gao  |  

Enterprise Data Search Engine Arctic Data Completes 20-million -yuan Pre-A Round Financing Enterprise Data search engine Arctic Data has recently completed a 20-million-yuan pre-A round of financing. The investment was led by Vitalbridge, and participated by Plum Ventures and Incapital. Established in 2018, Arctic Data… Read More

October 21, 2021 @ 10:41 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China have solidified their relationship in a memorandum of understanding (MOU) that seeks to combine innovation and supervision regarding Fintech. The MOU seeks to implement the “Guangdong-Hong Kong-Macao The Outline of the Development Plan… Read More

October 17, 2021 @ 12:11 pm By JD Alois  |  

2021 Suzhou Marathon Bonus will be Issued in the Form of Digital RMB On October 10th, the organizer of the 2021 Suzhou (Taihu Lake) Marathon announced at a press conference that the bonus for this year’s event will be granted in the form of digital… Read More

October 16, 2021 @ 10:46 am By Omar Faridi  |  

China’s public blockchain Nervos has announced that the “Force Bridge” is currently live on the mainnet. As noted in an update shared with CI, the Force Bridge is currently connected to Ethereum (ETH) via a cross-chain bridge and will be “connected to Cardano and other… Read More

October 10, 2021 @ 5:25 pm By Xu Gao  |  

CBIRC Supports Domestic Insurance Companies to Issue Catastrophe Bonds in Hong Kong Market On September 27th, the China Banking and Insurance Regulatory Commission (CBIRC) released the “Notice on Matters Related to Domestic Insurance Companies Issuing Catastrophic Bonds in Hong Kong Market”. According to the document,… Read More

October 6, 2021 @ 8:13 pm By Omar Faridi  |  

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

October 1, 2021 @ 1:06 pm By Tony Zerucha  |  

Add STASIS CEO Gregory Klumov to the list of cryptocurrency figures who believe China’s recent decision to ban digital assets will not stop the market from growing. A sister company of EXANTE, STASIS is a stablecoin and tokenization platform based in Malta. In late September the… Read More

September 30, 2021 @ 4:07 pm By Tony Zerucha  |  

While China’s ban on cryptocurrency transactions has had a measurable effect on the markets, it’s not a death knell by any means, one industry watcher said. Earlier this month the People’s Bank of China said all virtual currency-related business activities were illegal, claiming it would… Read More

September 30, 2021 @ 10:39 am By JD Alois  |  

China’s policy approach to cryptocurrency is pretty clear. It’s not allowed. While there have been ways to skirt the rules the vice has been tightening for quite some time now. A recent statement by the People’s Bank of China clarified things: “Bitcoin and other virtual… Read More

September 27, 2021 @ 11:52 pm By Omar Faridi  |  

The cryptocurrency markets have been trading down after news of another crackdown on the industry from China. The People’s Bank of China (PBoC) has issued a statement that has reiterated that all cryptocurrency trading activities in the country are illegal, and regulatory authorities will be… Read More

September 26, 2021 @ 9:10 pm By Omar Faridi  |  

As widely reported, China has expanded its ongoing cryptocurrency crackdown. This reportedly includes increasing enforcement against illegal digital currency mining, as well as preventing financial transactions involving crypto-assets. The Chinese central bank also confirmed that any trading, order matching, token issuance and derivatives on cryptocurrencies… Read More