Tagged: china

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

October 22, 2017 @ 2:30 am By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a provider of online financing and e-commerce services for small and medium – sized businesses and individuals in China, has reported financial results for the second quarter ended June 30 , 2017. According to their numbers, loan transaction volume across both… Read More

October 17, 2017 @ 6:36 pm By JD Alois  |  

  Fosun RZ Capital (formerly called Fosun Kinzon Capital) is a leading China based venture capital firm that is part of the Fosun Group which is based in Shanghai. Fosun Group, which is listed on the Hong Kong Stock Exchange, spent “billions” acquiring global companies… Read More

October 12, 2017 @ 11:04 am By Samantha Hurst  |  

Chinese fintech company PINTEC Group announced on Wednesday the launch of its new digital wealth management technology services, PIVOT. The company revealed that PIVOT is its first venture outside of China and is in part backed by pan-Asian life insurer, FWD Group and angel investors…. Read More

September 30, 2017 @ 2:00 am By Xu Gao  |  

CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in?  Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More

September 25, 2017 @ 9:09 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has just published their first benchmarking report on the emerging global Blockchain market. Earlier this year, CCAF published a benchmarking report on the global cryptocurrency markets.  CCAF has established themselves as the leading research in the alternative finance… Read More

September 21, 2017 @ 8:54 am By JD Alois  |  

China is the biggest kid on the block when it comes to the emerging alternative finance market in the Asia Pacific region. In fact, China has the largest alternative finance market in the world driven by a fast growing economy, a highly connected population via… Read More

September 20, 2017 @ 3:00 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it… Read More

September 18, 2017 @ 10:49 pm By JD Alois  |  

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

September 17, 2017 @ 9:37 am By Xu Gao  |  

China’s first and biggest bitcoin exchange BTCC is shutting down Early this month, PBOC, China’s central bank, placed a blanket ban on ICOs, which fueled speculation that China was on the way of a broader control and curb towards cryptocurrency market. There hasn’t been any… Read More

September 16, 2017 @ 10:46 am By JD Alois  |  

Ezubao executives are looking at doing some hard time following the conclusion of proceedings at Beijing No. 1 Intermediate Peoples Court. Ezubao maintains the ignominious record of the largest peer to peer lending fraud ever. The Ponzi scheme has been estimated at pilfering over $7.7… Read More

September 11, 2017 @ 7:01 pm By JD Alois  |  

So the other shoe has apparently dropped in China. Following a ban on Initial Coin Offerings, reportedly Chinese officials will ban all crypto-exchanges thus impacting the trading of Bitcoin, Ethereum and all other digital coins. This is according to a report in WSJ.com that cites… Read More

September 4, 2017 @ 12:02 pm By JD Alois  |  

China has banned initial coin offerings (ICOs) – the red hot method of raising money using cryptocurrency based tokens, according to a report by Reuters. The move was not unexpected as WDJZ.com reported on August 28th the Chinese government was considering the move to halt… Read More