Tagged: china

September 2, 2017 @ 4:00 pm By Xu Gao  |  

Regulators in China are Said to Plan a Blanket Ban on Initial Coin Offerings In response of the ICO craze, regulators in China including PBC, CSRC and NIFA have held several internal meetings to discuss the best approach to regulate this emerging token creation events…. Read More

August 28, 2017 @ 2:31 pm By Xu Gao  |  

CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on Online Lending Information Disclosure Requirement. The document was released based on a pilot tighter information disclosure initiative announced… Read More

August 17, 2017 @ 11:17 pm By JD Alois  |  

Singapore has worked hard to gain, and retain, the crown of Asian Fintech Hub and you can guarantee it won’t give it up without a fight. There are several countries that are in the race. Recently both Australia and Hong Kong have staked a claim… Read More

August 16, 2017 @ 8:44 am By JD Alois  |  

This is interesting. Nesta, the UK based non-profit foundation that focuses on innovation, believes the UK should work towards creating a cross border equity crowdfunding alliance with China. The UK has been the clear leader in online capital formation since the early days. While the… Read More

August 12, 2017 @ 12:31 pm By Xu Gao  |  

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

August 9, 2017 @ 9:58 pm By JD Alois  |  

Omega One has been selected as the winner of the Lang Di Fintech PitchIt competition that took place in Shanghai on July 16. PitchIt was created in partnership with JadeValue, Shanghai’s co-working and incubation space. Lang Di Fintech is the China version of the roving LendIt conference series. Omega One… Read More

August 8, 2017 @ 11:07 pm By JD Alois  |  

The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. The report by China News references a statement by the PBOC that labels some financial products offered by Fintech firms as… Read More

August 8, 2017 @ 12:42 pm By Timothy Li  |  

Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More

August 6, 2017 @ 1:00 pm By Xu Gao  |  

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

August 2, 2017 @ 10:41 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it successfully secured $220 million during its Series D round funding, which was led by GIC Private Limited with participation from CMIG Leasing, Simone Investment Managers, and other institutional and individual investors. The funding round comes just two… Read More

July 31, 2017 @ 3:47 pm By JD Alois  |  

Asia is hot when it comes to technology. Perhaps more so regarding Fintech as it is the largest internet finance market in the world. Israel is globally known as the Innovation Nation. Global equity crowdfunding platform OurCrowd is helping to boost the Israel – China… Read More

July 30, 2017 @ 10:46 am By Xu Gao  |  

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More

July 24, 2017 @ 8:09 am By JD Alois  |  

Data intelligence firm TAB (previously named Crowdsurfer) has launched the an index designed to indicate the health of the global online crowdfunding and marketplace finance industry. The Crowdfunding and Marketplace Finance Index (CAMFI) has been created in partnership with China big data firm BBD, Hangzhou Ling… Read More

July 22, 2017 @ 5:21 pm By Xu Gao  |  

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More

July 17, 2017 @ 3:36 pm By Samantha Hurst  |  

Just eight months after announcing its plans to move into Hong Kong and Singapore, Chinese peer-to-peer lending platform Lufax is set to make its way to Singapore. It is now prepping to launch its new platform called Lu International.  As previously reported, Lufax Chairman and… Read More

July 16, 2017 @ 3:00 pm By Xu Gao  |  

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More

July 14, 2017 @ 9:51 am By JD Alois  |  

PwC has recently published a report on the status of Fintech in China, which happens to be the largest Fintech market in the world. This week, PwC Chairman and CEO of Greater China Raymund Chao presented the research in Hong Kong to the LendIt China… Read More

July 14, 2017 @ 8:21 am By Timothy Li  |  

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More

July 13, 2017 @ 8:49 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

July 12, 2017 @ 7:24 am By Jonathan Nieh  |  

Over a month ago, speculation abounded on whether China was developing its very own cryptocurrency to essentially digitize RMB. Now we know quite certainly that the Central Bank of China has developed and is currently testing a cryptocoin. Planned Integration with Commercial Banks Although there… Read More