Tagged: china

July 28, 2018 @ 12:00 pm By Xu Gao  |  

China and South Korea’s Financial Regulatory Agencies Reach Cooperation on Cryptocurrencies and Other Issues According to Chosun’s report last week, Yoo Kwang-yeol, the first senior vice president of the Korea Financial Supervision Service (FSS), recently met with the vice chairman of the China Banking &… Read More

July 22, 2018 @ 5:03 pm By Alexander Dunaev  |  

With tech titans the most valuable companies on the planet, the notion of self-regulation is no longer appropriate or fit for purpose. Is now the time for governments to step in to protect consumers and ensure a more competitive environment? The role of the technology… Read More

July 21, 2018 @ 1:35 pm By Xu Gao  |  

Chinese Fintech Enterprises Raised ¥230 billion (USD $ 2.64 billion) in the First Half of the Year The integration of technology and finance has become a major trend in the development of the financial industry. The investment enthusiasm of the capital market for financial technology… Read More

July 19, 2018 @ 8:19 pm By Cali Haan  |  

Torrential rains in the mountainous Chinese province of Sichuan during late June caused loss of life, landslides, crop damage, the forced relocation of 9000 people, and at least 193 million yuan ($30 million) in economic losses. Global technicians also noticed a 30% concurrent drop in… Read More

July 18, 2018 @ 11:20 am By Cali Haan  |  

Cryptocurrency consortium Bitmain, the world’s most valuable crypto firm, has embarked on yet another expansion, this time in Isreal, where it plans to triple the size of the workforce at its Ra’anana development centre. Bitmain told Israel business news site Globes that it is adding… Read More

July 18, 2018 @ 10:09 am By Cali Haan  |  

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More

July 17, 2018 @ 12:03 pm By Cali Haan  |  

The South China Morning Post has reported that a digital token offering (ICO) with ties to former Macau gangster “Broken Tooth” Wan Kuok-koi claims to have raised $750 million dollars from investors across South Asia in a mere 5-minute sale. [clickToTweet tweet=”Former Macau gangster “Broken Tooth” Wan… Read More

July 17, 2018 @ 1:12 am By JD Alois  |  

PINTEC, a China based Fintech firm that offers financial solutions that connect business partners and financial partners to provide financial services to end users, has announced its intent to do an initial public offering on NASDAQ Global Market. PINTEC expects to trade under the symbol… Read More

July 16, 2018 @ 8:11 am By JD Alois  |  

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

July 14, 2018 @ 4:29 pm By Xu Gao  |  

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

July 11, 2018 @ 2:26 am By Cali Haan  |  

An official at the People’s Bank of China (PBC) tasked with regulating internet finance has reiterated the Chinese state’s determination to stop all ICO and crypto investing in the country, even solicitations to invest emanating from overseas, Coindesk reports. According to the the Chinese publication… Read More

July 9, 2018 @ 4:13 pm By Cali Haan  |  

Users of a little-known Chinese cryptocurrency exchange called FCoin managed to clog the Ethereum network last week when they gamed a voting process on the exchange. FCoin ran a promotional scheme last week whereby they told users to vote for cryptocoins they wanted listed on… Read More

July 8, 2018 @ 4:06 pm By JD Alois  |  

Sun Guofeng, Director of the Peoples Bank of China Research Institute, says that more Fintech regulation is on its way. The comments were reported by ECNS as Guofeng spoke at the Bund Summit in Shanghai. Guofeng said; “Building regulatory regime at local levels will become… Read More

July 7, 2018 @ 7:27 pm By JD Alois  |  

A report in ECNS indicates that the Chinese peer to peer lending industry is enduring a bit of a retrenchment. China is home to the largest P2P industry in the world – an accomplishment that was aided by the fact that at the beginning, few… Read More

July 7, 2018 @ 1:38 pm By Cali Haan  |  

Recent floods in China’s central Sichuan province have destroyed thousands of cryptocurrency “mining” machines (dedicated computers) and may have slowed processing power on the Bitcoin network, Golden Finance reports. Anhui, Jiangsu, Shandong and Jilin provinces were also badly affected by prodigious rains, says ECNS News,… Read More

July 5, 2018 @ 3:33 am By Cali Haan  |  

Microsoft Taiwan held a joint press conference with Digital China and HighCool companies at Le Meridien Hotel in Taipei June 28th to announce a “tripartite blockchain strategy cooperation” agreement has been struck between the three firms to create a vast, blockchain-moderated public-private computing cloud. Also… Read More

July 3, 2018 @ 4:54 pm By JD Alois  |  

In recent years most Fintech Hub reports have pegged the UK, and more specifically London, at the top of the list when it comes to ranking Fintech centers of excellence. The UK has been widely lauded due to various characteristics but always included in these… Read More

June 29, 2018 @ 3:27 pm By Samantha Hurst  |  

CreditEase Wealth Management announced on Friday it won “Best Wealth Management Firm of the Year” and “Best Wealth Manager for Fund of Funds” at the Asiamoney Annual Awards. Last year, Asiamoney reportedly began selecting nonbank wealth management institutions for their “Excellence in Chinese Wealth Management” award and… Read More

June 25, 2018 @ 3:04 pm By Cali Haan  |  

Ant Financial, a payments leg that services Chinese e-commerce titan Alibaba, is trialing a blockchain-based remittance channel connecting Hong Kong to the Philippines, Coindesk reports. Ant Financial made the announcement today in Hong Kong. According to a roughly-translated press release, the new system will transmit… Read More

June 20, 2018 @ 12:54 pm By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has launched installment financing on its e-commerce platforms. This news comes just a couple of weeks after PINTEC secured $103 million through its latest financing round, which as led by Mandra Capital and SINA Corp…. Read More