Tagged: china

January 15, 2019 @ 8:50 pm By JD Alois  |  

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

January 14, 2019 @ 8:16 am By Samantha Hurst  |  

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

January 12, 2019 @ 9:02 pm By Xu Gao  |  

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

January 11, 2019 @ 12:52 pm By Cali Haan  |  

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

January 10, 2019 @ 2:12 pm By Samantha Hurst  |  

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

January 10, 2019 @ 12:21 pm By Cali Haan  |  

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

January 10, 2019 @ 11:42 am By JD Alois  |  

Earlier this week, CI reported on a 51% attack / double spend attempt that was halted by Coinbase. The crypto exchange was not the only target in the attempted hack. The attack utilized Ethereum Classic (ETC) as the vehicle to steal funds. Security firm SlowMist… Read More

January 8, 2019 @ 2:00 pm By JD Alois  |  

Fintech Predictions for 2019. Financial innovation continues to evolve at a rapid pace. Startups launch and shutdown with regularity. Traditional financial firms experiment and partner with more agile firms. It’s all about the digitization of finance where services are ubiquitous and instantaneous – all available… Read More

January 7, 2019 @ 2:17 pm By Cali Haan  |  

“Bitcoin became an investment black hole,” in 2018, says Beijing Times reporter Pan Yichun, and according to several Chinese analysts, the prospect of significant Bitcoin price gains in 2019 are small, though there may still be opportunities brought by “small bulls” in the market, Beijing… Read More

January 6, 2019 @ 2:29 pm By JD Alois  |  

In a press release, the China Banking Association (CBA) announced the launch of the long-anticipated “China Trade and Finance Interbank Trading Blockchain Platform.” Officially, the project kicked off on December 29th. The centrally controlled project was was established to standardize the digitization of “transaction information of… Read More

January 3, 2019 @ 10:09 pm By JD Alois  |  

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

December 31, 2018 @ 9:13 am By Cali Haan  |  

Rumours of widespread layoffs at Bitmain, the world’s largest manufacturer of cryptocurrency mining equipment and largest operator of crypto-mining pools, are now being followed by stories the company’s two famous founders -Micree Zhan and Jihan Wu- will be leaving their posts as Bitmain co-directors, Weixin… Read More

December 29, 2018 @ 12:00 pm By Xu Gao  |  

Another Fintech Incubation Center Officially Begins Operation in Guangdong Province On December 20th, the Fintech incubation center (hereinafter referred to as “incubation center”) of Guangdong Financial High-tech Zone was officially put into operation, which will provide office space, policy guidance, project financing supports for Fintech… Read More

December 27, 2018 @ 8:02 pm By Cali Haan  |  

An investigation by the Shanghai and Shenzhen stock exchanges of 23 of 80 listed companies publicly claiming to have incorporated blockchain tech has revealed that 13 of them, or about 57%,  “have not achieved..results (in) blockchain,” Sina reports. Half of the companies that failed to deliver… Read More

December 27, 2018 @ 4:51 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware and largest operator of crypto mining pools, and Huobi, the world’s third-largest cryptocurrency exchange, have both confirmed rumours they will be laying off employees, South China Morning Post (SCMP) reports. The value of global crypto markets has declined by… Read More

December 26, 2018 @ 8:43 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a partnership with Fullerton Credit (FC) to expand digital lending solutions to the Chinese market.  According to PINTEC, FC provides operating and consumer loans for individuals, micro businesses and SMEs, with total cumulative loans disbursed exceeding more… Read More

December 24, 2018 @ 7:01 am By Cali Haan  |  

Twenty-eight Chinese blockchain and Fintech companies have found a home at a newly-inaugurated blockchain incubation centre located in the Guangdong Financial High-tech Zone, CSDN reports. The 120 000 square meter ‘”Blockchain + Financial Technology Professional Incubation Centre” will be located in former ‘Foshan Folk Finance… Read More

December 23, 2018 @ 9:28 pm By Cali Haan  |  

Researchers at the Mosaic “cryptoasset data and research platform” have assembled a report showing that Asia is still the centre of the universe when it comes to crypto-price action. The company begins by describing “key headline events” in China, Korea and Japan during the course of… Read More

December 22, 2018 @ 2:12 pm By Xu Gao  |  

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

December 16, 2018 @ 12:00 pm By Cali Haan  |  

The Chinese government is looking to create a cryptocurrency that will allow it to better monitor the financial conduct of citizens and institutions, Bloomberg reports. Software developers at the People’s Bank of China have registered 78 digital currency patents since 2016, and, as of August,… Read More