Tagged: china

June 7, 2016 @ 8:41 pm By JD Alois  |  

Lendit is expanding its portfolio of activities this year by launching Lang Di Fintech, their inaugural Chinese conference.  Lang Di means “enlighten” or “inspiration” thus representing the future of finance in the largest Fintech market in the world. Lang Di Fintech will take place in… Read More

June 2, 2016 @ 4:39 pm By JD Alois  |  

Paul Niederer, former CEO of ASSOB, has been appointed CEO of Wealth Migrate’ Australian agency. Wealth Migrate is a global real estate crowdfunding platform. Niederer is a well-known proponent of internet finance having traveled the world on behalf of ASSOB – an early pioneer of… Read More

June 2, 2016 @ 10:36 am By Samantha Hurst  |  

On Thursday, KoreConX  announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing China’s accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework,… Read More

May 30, 2016 @ 9:02 am By JD Alois  |  

Speaking at a financial forum this past weekend, Chen Yulu, Deputy Governor of the People’s Bank of China, warned of higher risk with financial institutions as internet finance, including peer to peer lending, become more intertwined. According to a report in ChinaNews, the situation has… Read More

May 27, 2016 @ 5:21 pm By JD Alois  |  

FinPlus, backed by Fugel Holdings, launched today claiming to be China’s first angel fund and accelerator focusing specifically on Fintech. In a release, Fugel Holdings stated they believe now is the right time to develop Fintech in China. In many ways China is the largest… Read More

May 26, 2016 @ 2:23 pm By Erin Hobey  |  

Add Esudai to a growing list of fraudulent Chinese P2P lending platforms that are being shut down by the Chinese government.  Today Reuters reported that police in the Huizhou, Guangdong province, had detained 13 executives including legal representative and chairman Jian Huixing from the Guangdong Huirong… Read More

May 23, 2016 @ 4:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has been pounded by bad news this month. Following the announcement that founder and CEO Renaud Laplanche had resigned for alleged improprieties at the online lender, the bad news avalanche began.  One day it was a subpoena, the next it was a… Read More

May 22, 2016 @ 6:32 pm By JD Alois  |  

  There is a tidal wave of Asian money that wants to head to North America and diversify into different asset classes.  Yet Chinese officials have made it challenging for many individuals to move money out. DreameGGs is a relatively new platform that is seeking… Read More

May 16, 2016 @ 10:13 am By Erin Hobey  |  

As Chinese authorities continue their hunt for unregulated online lending and investment firms, more fraudulent fintech platforms are bound to be nabbed for unseemly and illegal behavior.  Today Bloomberg News reported the latest Ponzi scheme that separated 39.9 billion yuan ($6.1 billion) from 25,000 investors. Crowdfund… Read More

May 11, 2016 @ 10:37 am By JD Alois  |  

  China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015.  This was more than a 3X jump… Read More

May 3, 2016 @ 11:17 pm By JD Alois  |  

Fincera (OTCQB: AUTCF), formerly a commercial vehicle leasing company that has now migrated into internet finance for SMEs in China, reported full year results for 2015.  According to the company release, the internet finance based portion of the company (launched in 2014) continues to grow rapidly…. Read More

May 2, 2016 @ 10:06 am By JD Alois  |  

According to a report by CCTV (video below), China registered 4.4 million new businesses during 2015. That means about 12,000 SMEs are launched every single day.  The same report states that 30 trillion yuan or USD $5 trillion went into these young firms. These are mainly… Read More

April 29, 2016 @ 5:26 pm By JD Alois  |  

China’s internet finance industry continues to grow while encountering ongoing challenges as fraud remains prevalent in the loosely regulated sector of the finance industry. Dominated by peer to peer lending (the largest in the world), as of March over 3900 platforms were counted by WDZJ (other… Read More

April 25, 2016 @ 10:28 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday the completion of issuance of RMB 250 million asset-backed securities (“ABS”). Last month,  Yirendai announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with the… Read More

April 22, 2016 @ 3:53 pm By Samantha Hurst  |  

On Friday, real estate crowdfunding platform, Wealth Migrate, announced that it was officially opening its new Shanghai office, which will be located in the Pudong Pilot Free Trade Zone district.  Wealth Migrate China CEO, Aling Gong, declared that the Shanghai opening is considered a milestone for the crowdfunding movement… Read More

April 20, 2016 @ 11:26 am By Samantha Hurst  |  

On Wednesday, China Rapid Finance Limited announced that an investment by global private equity firm Broadline Capital in the company was honored as “Technology Deal of the Year” at the 2016 International Financial Forum’s 8th Annual International M&A Awards. This event recognizes excellence in deal-making and celebrate the… Read More

April 14, 2016 @ 9:45 am By Samantha Hurst  |  

Offering up an insight on China’s market growth, China Rapid Finance’s CEO, Dr. Zane Wang, spoke at the LendIt USA 2016 conference that China has become the largest and fastest-growing online lending market in the world. Wang explained that the China market has huge potential and growth opportunities,… Read More

April 11, 2016 @ 2:02 pm By Samantha Hurst  |  

On Monday, organizers of the online lending conference, LendIt, announced the launch of LendIt China 2016, its inaugural Chinese conference, which will take place in Shanghai on July 17-18, 2016. According to LendIt, the event will bring together the marketplace lending platforms from all over the world… Read More

April 11, 2016 @ 12:24 pm By Erin Hobey  |  

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

April 5, 2016 @ 2:11 pm By JD Alois  |  

  A Chinese delegation from Guiyang, the capital of Guizhou Province in China described as the “capital of crowdfunding” in the country, is visiting the City of Liverpool to explore potential areas of collaboration such as tourism, big data and crowdfunding.  The 24 delegates from… Read More