Tagged: china

December 3, 2017 @ 6:26 pm By JD Alois  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

December 2, 2017 @ 12:37 pm By Xu Gao  |  

People’s Bank of China Official Shares Opinions About Fintech Sandbox During the third development forum held by Shanghai Payment & Clearing Association, Li Wei, head of the People’s Bank of China (PBOC) science and technology division, highlighted the importance of setting up trial-and-error mechanisms for… Read More

November 30, 2017 @ 2:57 pm By Samantha Hurst  |  

Chinese blockchain startup Onchain announced on Thursday it has officially launched its Ontology platform in New York. The company held an event earlier this week, which attracted blockchain industry experts and investors. According to Onchain, the goal of the Ontology Network is to form an original… Read More

November 25, 2017 @ 11:23 am By Xu Gao  |  

Robo-advisors Now Required to Gain License to Operate in Mainland China On November 17th, top financial regulators in mainland China (including PBOC, CBRC, CSRC, CIRC and SAFE) released a new set of rules covering the country’s asset management market. It is the first time that… Read More

November 24, 2017 @ 8:20 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More

November 20, 2017 @ 10:53 pm By JD Alois  |  

NewStyle-Collinstar Capital, a leading company in the Blockchain infrastructure space and cryptocurrency investments, has announced a strategic development plan. Announced in Beijing, Collinstar says it will fuel the development of the Blockchain industry and ecosystem with a series of alliances and investments. Ryan Xu, Chairman… Read More

November 18, 2017 @ 11:24 am By Xu Gao  |  

A Unified Credit Rating System is On the Way People’s Bank of China, China’s central bank, has made plans to launch a united platform by the end of 2017 for collecting personal credit information and assessing people’s credit ratings. Setting up this platform means the… Read More

November 16, 2017 @ 12:24 pm By Samantha Hurst  |  

On Wednesday, Chinese peer-to-peer (P2P) lending platform Hexindai announced it has appointed Citi’s Issuer Services business as the depositary bank for its American Depositary Receipt (ADR) program. According to the online lender, the program was established through an initial public offering of its American Depositary Shares (ADSs), priced… Read More

November 11, 2017 @ 4:02 pm By Xu Gao  |  

China Financial Stability Committee established in Beijing On November 8th, the China Financial Stability Committee was officially launched. This is a subordinated department under the State Council, of which Vice Premier Ma Kai will serves as the head. To be specific, the committee will be… Read More

November 10, 2017 @ 10:05 am By JD Alois  |  

Chinese online lender PPDAI traded on the NYSE under ticker PPDF today after pricing shares at $13 each for their initial public offering. The IPO raised $221 million for the peer to peer lending platform with Credit Suisse and Citi acting as lead managers.  PPDAI… Read More

November 7, 2017 @ 10:33 pm By JD Alois  |  

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

November 6, 2017 @ 2:55 pm By JD Alois  |  

Fincera (OTCQB:YUANF) , a China based peer to peer online lender targeting small and medium-sized businesses and individuals in China, has announced that its Board of Directors has approved a 2 for 1 stock split of the Fincera’s outstanding shares of common stock in the… Read More

November 6, 2017 @ 1:13 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has inked an agreement with the China Securities Regulatory Commission (CSRC) to cross promote Fintech firms in their respective markets. Australia has targeted Fintech as strategic for their economy. China is the largest Fintech market in the world…. Read More

November 4, 2017 @ 11:31 am By Xu Gao  |  

China is Reported to Shut Down Illegal Cash Loan Platforms Bloomberg, citing sources close to the situation, reported that regulators in China has started to consider strengthening supervisions towards cash loan platforms, with high probability of shutting down illegal ones. This round of inspections will… Read More

November 3, 2017 @ 9:24 am By JD Alois  |  

The Monetary Authority of Singapore and China Securities Regulatory Commission (CSRC) met this week in a roundtable meeting to discuss closer cooperation. This is the second meeting of its kind with the first taking place in Chongqing, China in April 2016. MAS and CSRC discussed how… Read More

November 3, 2017 @ 8:53 am By JD Alois  |  

Hexindai Inc. (NASDAQ: HX) a peer to peer lending platform operating in China, priced and closed its initial public offering (IPO) of 5,000,000 American depositary shares at $10 per ADS raising $50.0 million. Each ADS represents one ordinary share of the Company. The shares commence trading on the… Read More

October 30, 2017 @ 3:36 pm By Samantha Hurst  |  

Blockchain credit bureau MicroMoney announced over the weekend it is expanding its token distribution campaign into China and U.S. markets. This announcement comes just after the campaign generated $7.8 million. As previously reported, MicroMoney describes itself as a company that is focused on micro-financing in the… Read More

October 28, 2017 @ 10:45 am By Xu Gao  |  

51 CreditCard (u51.com) is Planning to List in Hong Kong in 2018 51 CreditCard (u51.com), a leading online platform for credit card bill management, is reported to be listed on Hong Kong Exchanges and Clearing Limited (HKEX) in 2018, aiming to raise at least 500… Read More

October 27, 2017 @ 1:44 pm By Samantha Hurst  |  

Chinese fintech and Alibaba-affiliated Ant Financial revealed this week it is putting its Initial Public Offering (IPO) plans on hold and is now focused on investing in more startups and artificial intelligence (AI). The news of Ant Financial’s plans comes less than a year after… Read More

October 22, 2017 @ 10:30 am By Xu Gao  |  

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More