Tagged: china

March 29, 2018 @ 9:03 pm By Samantha Hurst  |  

Dianrong and China United SME Guarantee Corporation, known as Sino Guarantee announced the launch of a new lenders protection plan for Dianrong customers. According to the duo, this new protection plan went into effect at the beginning of 2018 and is designed to provide third-party… Read More

March 28, 2018 @ 12:12 am By JD Alois  |  

We have received some information from an insider regarding Chinese peer to peer lending platforms being unable to update their Apps in the Apple App store due to a regulatory disconnect. From what we have been told, Apple (NASDAQ:AAPL) is enforcing a rule that requires… Read More

March 25, 2018 @ 1:05 pm By JD Alois  |  

A recent report in ECNS indicates China wants to have a “dynamic approach” regarding Fintech or internet finance. The report was referencing a press conference following the 13th National People’s Congress that was held earlier this month that involved the Zhou Xiaochuan, Governor of the People’s… Read More

March 24, 2018 @ 2:40 pm By Xu Gao  |  

China is Setting Up a National Online Contract Filing Platform On March 21st, the National Committee of experts on Internet Financial Security Technology (hereinafter referred to as the “Special Committee”) announced that it has jointly set up the national online contract filing platform with SIC… Read More

March 17, 2018 @ 12:48 pm By Xu Gao  |  

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

March 15, 2018 @ 10:21 am By JD Alois  |  

The 2018 Hong Kong Fintech Week, hosted by Invest Hong Kong (InvestHK), will put a new spin on their annual, week long event. According to InvestHK, the 3rd annual Hong Kong Fintech Week, which runs from 29 October to 2 November 2018, will become a… Read More

March 15, 2018 @ 8:57 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More

March 11, 2018 @ 1:42 pm By Xu Gao  |  

  Fintech Remarks and Proposals from 2018 Two Legislative Sessions March 3rd saw the opening of “2018 NPC & CPPCC: annual legislative and political advisory sessions” in China. Here are some fintech related remarks and proposals that we summarized from this year’s sessions. (Source: 01Caijing)… Read More

March 9, 2018 @ 3:28 pm By JD Alois  |  

Wemerge Ventures Ltd, a Blockchain project that brings together entrepreneurs, angel investors, blockchain experts and top management with MNC experience from the US, China, India, Lithuania, Australia, Singapore and Malaysia, has launched a community blockchain incubator. During an event in Malaysia, the group announced their… Read More

March 3, 2018 @ 2:02 pm By Xu Gao  |  

China Issues its First Personal Credit Rating License On February 22, the People’s Bank of China published an announcement about setting up personal credit rating agencies. According to the document, Baihang Credit Rating Co., Ltd., was granted the first personal credit rating license in China,… Read More

March 2, 2018 @ 2:11 pm By Samantha Hurst  |  

Wecash, a China-based fintech and big data tech company, announced on Friday it secured $160 million during its latest Series D funding round, which was led by ORIX Asia Capital and SEA Group, with participation from SIG, Sagamore, Forebright, Lingfeng Capital and Hongdao Capital.  Founded… Read More

February 27, 2018 @ 10:30 pm By JD Alois  |  

Bankorus (formerly MiCai), a provider of Robo-advisor solutions to wealth management companies and individuals with a combined AUM of $30 billion, is partnering with AI Catapult, the new Blockchain and AI accelerator created by JD.com. JD.com is one of the largest digital commerce platforms in… Read More

February 12, 2018 @ 10:58 am By Samantha Hurst  |  

Jianpu, a unit of Chinese fintech company Rong360 Inc, announced on Monday it has appointed Xiaoyan Zhang As its new Independent Director. According to the company,  Zhang is currently Assistant Dean and Xinyuan chair professor of finance at the PBC School of Finance, Tsinghua University with a research… Read More

February 10, 2018 @ 8:03 am By Xu Gao  |  

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

February 9, 2018 @ 12:00 pm By Samantha Hurst  |  

Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, announced earlier this week the first close of its second $15M fund to continue supporting the growth of U.S. incorporated startups with technology and sales teams based in Latin… Read More

February 8, 2018 @ 9:12 am By Samantha Hurst  |  

Last week, Chinese peer-to-peer lending platform Senmiao Technology announces terms for its upcoming $14 million U.S. initial public offering (IPO).  Founded in 2014, Senmiao Technology offers director loans and assignment of loans to medium-size enterprise, borrowers, and creditors. According to Renaissance Capital, the online lender plans to… Read More

February 3, 2018 @ 2:36 am By Xu Gao  |  

Tencent Credit Launches Public Beta Testing in China On January 30th, Tencent officially launched a public beta testing for its credit service-Tencent Credit. Users may get access to the service by searching “Tencent Credit” within WeChat, complete real-name authentication, bind his/her mobile phone number to… Read More

February 2, 2018 @ 12:00 pm By Samantha Hurst  |  

On Friday, UK Prime Minister Theresa May announced the launch of R5-SHCH Connect, which is described as a new service that links banks in China with London’s foreign exchange (FX) market. The government official announced the launch while in Shanghai as part of her first… Read More

January 29, 2018 @ 1:44 pm By Samantha Hurst  |  

Tyto Care, a telehealth company, announced on Monday it raised $25 million in its most recent round led by Ping An Global Voyager Fund and including both new and existing investors. According to Tyto Care, Ping An joins a large list of strategic investors already… Read More

January 29, 2018 @ 10:15 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, announced on Monday the launch of its new nationwide Investor Education Seminar to introduce current and prospective investors to its business and educate them on its risk management systems, development strategy and insurance policies among other… Read More