Alibaba has been a trailblazer in many ways. One area that Alibaba wants to dominate is finance for both consumers and SMEs and they are well on their way. Ant Financial, their financial services subsidiary, is executing on this vision and last week Eric Jing,… Read More
Read more in: Asia, Fintech, Global, Opinion | Tagged alibaba, ant financial, china, eric jing
Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More
Read more in: Asia, Featured Headlines, Fintech, Global, Insurtech | Tagged baidu, china, china union pay, rong360, tsinghua university, weiyangx, xiaomi, xu gao, zhong an
Sepaking at the recent WSJ D.Live Asia event in Hong Kong, Ping An CIO Jonathan Larsen said Ping An is launching a new fund to invest in early stage Fintech ranging from $10 million to $30 million, according to a report from Dow Jones (here)…. Read More
Read more in: Asia, Fintech, Global, Strategy | Tagged asia, china, fintech, fund, lufax, ping an
Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), visited the Office of Financial Development Service, the People’s Government of Shenzhen Municipality (OFDS) last week to “keep abreast of the applications and latest developments of fintech in Shenzhen.” The meeting was also an… Read More
Read more in: Asia, Fintech, Global | Tagged china, hkma, hong kong, hong kong monetary authority, norman chen
CreditEase, a China based peer to peer lender and wealth management platform, has announced its plans to open a new office in the Asia Square Tower in Singapore. The CEO of CreditEase, Ning Tang, said at the opening ceremony: “After 11 years of development, CreditEase… Read More
Read more in: Asia, Fintech, Global, Insurtech | Tagged asia, china, creditease, expansion, ning tang, singapore, wealth management
Yao Qian, the Deputy Director of the Science and Technology Department at the People’s Bank of China, China’s central bank, recently authored an extensive report on digital currencies. In the report, Yao Qian highlights many of the advantages and disadvantages of digital currencies, focusing much… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Global, Opinion | Tagged bitcoin, blockchain, china, cryptocurrency, distributed ledger technology, ethereum, peoples bank of china, yao qian
Last week, KPMG held a press conference in Beijing to announce the selection and ranking of the top 50 Fintech companies in China for 2017. China is the largest Fintech market in the world led by conglomerates like Alibabay (Alipay, Ant Financial etc.), Tencent and… Read More
Read more in: Asia, Fintech, Global | Tagged china, fintech 50, kpmg
Last week, it was reported that the 3 largest bitcoin exchanges in China finally ended a four-month freeze on withdrawals. BTC China, OKCoin, and Huobi all began prohibiting withdrawals from their exchanges almost four months ago amidst growing scrutiny from the Chinese government. In February,… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Global | Tagged bitcoin, china, cryptocurrency, huobi, okcoin, peoples bank of china
Chinese Tech Giant Baidu to Quit Crowdfunding Market Search engine giant Baidu Inc. is to quit crowdfunding market and pay more attention on artificial intelligence”]. Users will not see the “Baidu Crowdfunding” channel when they log in their Baidu Finance account, but will still be… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alibaba, alipay, ant financial, baidu, china, china rapid finance, hangzhou, hong kong, weiyangx, xu gao
Frankfurt-based company aescuvest, an equity crowdfunding platform specializing in the innovative healthcare market and targeting new areas for growth outside Germany has penned a deal with new Chinese partner Shenzhen-based Touwho Network & Fund, a medtech and biotech crowdfunding platform, and the Medical Valley European Metropolitan Region Nuremberg. “Startups and entrepreneurs… Read More
Read more in: General News, Global, Investment Platforms and Marketplaces | Tagged biotech, china, germany, medtech, MOU
China Minsheng Investment Group, one of the China’s largest private investment groups and helmed by Dong Wenbiao, has led a RMB1.8 billion ($262 million) pre-IPO investment round in Chinese P2P lender Tuandaiwang, according to multiple news sources. Beijing Yisheng Innovation Technology and Beihai Hongtai Investment also invested in this… Read More
Read more in: Global, Asia, Fintech, General News | Tagged china, p2p lending, tuandaiwang
Bank of China and China Construction Bank to Offer Student Loans to University Students Since China Banking Regulatory Commission released regulations on P2P online lending market last month, the student loan market has stagnated. On May 17, Bank of China and China Construction Bank announced… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, bank of china, china, china construction bank, china ums, renren, weiyangx, xu gao
Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alibaba, ant financial, cbrc, china, china banking regulatory commission, christine lagarde, donald trump, kakao, paytm, peoples bank of china, weiyangx, xi jinping, xu gao
The People’s Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight, according to a release. China has emerged as a… Read More
Read more in: Fintech, Asia, Blockchain & Digital Assets, General News, Global | Tagged angelica anton, blockchain, china, currency exchange, regtech, silk ventures
Fintech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. Major Star Power The Beijing-based… Read More
Read more in: Asia, Fintech, Global, Offerings | Tagged china, initial public offering, ipo, quantgroup
Launched in 2015 with the personal approval from the Chinese President Xi Jinping, Silk Ventures is on a mission is to build the most advanced New ‘Silk Road’ for technology companies seeking to expand to China and for Chinese companies seeking to ‘go global’. The… Read More
Read more in: Asia, Fintech, General News, Global | Tagged angelica anton, china, silk ventures
According to an article in Bloomberg, Hong Kong-based financial investment and services firm, Sun Hung Kai & Co., intends to expand its principal investments portfolio to over US $2 billion with an emphasis on investing in fintech. The firm currently has about US $1.4 billion… Read More
Read more in: Asia, Fintech, Global | Tagged asia, china, fintech, hong kong
On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares (“ADSs”) from China Rapid Finance to cover over-allotments. According to… Read More
Read more in: Asia, General News, Investment Platforms and Marketplaces | Tagged asia, china, china rapid finance, initial public offering, ipo, offering, u.s., united states
According to a recent article on The Cointelegraph, the price of Ether could surge due to activity within China. Similar to Bitcoin, Ether is a cryptocurrency that was developed and offered for sale to the public by Ethereum, a blockchain development platform, back in 2014. The value… Read More
Read more in: Asia, Blockchain & Digital Assets, Featured Headlines, Global | Tagged ant financial, blockchain, china, cryptocurrency, ethereum, fintech
Do you remember the Ezubao Ponzi scheme that ended in the single largest peer to peer lending fraud of all time? Investors, saw approximately 50 billion CNY or about USD $7.2 billion flushed down the tube. Reportedly 900,000 investors were impacted as an astounding 95%… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged china, ezubao, fraud, p2p lending, peer to peer
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