Chinese Banks Seek Technology Talents for Digital Transformation The outbreak of the COVID-19 has accelerated the digitalization process of the financial industry. In order to respond better to future challenges, banks in China are seeking more technology talents. For example, Postal Savings Bank of China… Read More
In a series of reports, ChinaNews is pointing to the increasing scrutiny of the Chinese government regarding financial fraud and over-all malpractice. In March there was the case of the “first and high profile” peer to peer lending fraud case where 41 people associated with Baiyin… Read More
China’s Internet search giant Baidu will partner with China Citic Bank, part of state-owned conglomerate Citic Group, to launch an online bank, according to the Financial Times. The FT notes that Citic Bank, suspended its shares in Shanghai and Hong Kong on Monday pending announcement… Read More
With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC. The peer to peer lending industry in… Read More
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