Tagged: weiyangx

August 29, 2021 @ 8:26 am By Xu Gao  |  

Digital RMB Used in China’s Futures Market for the First Time On August 24th, the Dalian Commodity Exchange had paid the fees to Dalian Liangyun Group Storage and Transportation Co., Ltd in the form of digital RMB, making it the first use of digital RMB… Read More

August 15, 2021 @ 12:12 pm By Xu Gao  |  

Shenzhen to Pilot Chief Data Officer System According to a notice released on its official website on August 11th, Shenzhen municipal government, governments of Futian District, Nanshan District, Baoan District, Pingshan Districts, and eight city-level bureaus (including the public security bureau and human resources bureau)… Read More

August 7, 2021 @ 1:15 pm By Xu Gao  |  

Shanghai Taxis Began to Accept Digital RMB Payments Shanghai Qiangsheng Taxi Company has equipped its 6000 clean energy taxis with digital RMB payment capability. Customers could hail these taxis on 62580 APP. When they arrive at their destination, they could scan the QR code on… Read More

July 20, 2021 @ 10:47 am By Xu Gao  |  

Alibaba Establishes Digital Agricultural Subsidiary According to information from Tianyancha, Alibaba Digital Agriculture (Shandong) Co., Ltd. was established on July 12th, with a registered capital of 10 million yuan. This company is a fully owned subsidiary of Alibaba (Shanghai) Co., Ltd. Its business scope includes… Read More

July 12, 2021 @ 8:30 am By Xu Gao  |  

WeChat Pay Offers Special Call Center Service for Users Over 60 Years Old On February 3rd, CNNIC released “The 47th Statistical Report on China’s Internet Development”. Up to December 2020, the number of mobile payment users in China stood at 853 million, up 87.44 million… Read More

July 4, 2021 @ 3:20 pm By Xu Gao  |  

Beijing Subway Begins to Accept Digital RMB According to the Beijing Municipal Commission of Transport, digital RMB payments will be accepted on Beijing’s 24 rail transit lines and 4 suburban railways. Those who would like to use the new payment option will need to download… Read More

June 27, 2021 @ 11:35 am By Xu Gao  |  

FinTell Completes B+ Round of Financing led by Youshan Capital On June 15th, Fintech startup FinTell announced the completion of USD tens of millions B+ round of financing. The investment was led by Youshan Capital with participation from Telstra. FinTell is “a one-stop high-end Fintech… Read More

June 12, 2021 @ 10:59 am By Xu Gao  |  

National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to… Read More

June 5, 2021 @ 10:55 am By Xu Gao  |  

The People’s Bank of China Launches a Pilot Scheme for Integrated Application of Financial data The People’s Bank of China has launched a pilot scheme for the integrated application of financial data across the country. Commercial banks, clearinghouses and non-bank payment platforms from Beijing, Jiangsu,… Read More

May 22, 2021 @ 9:02 am By Xu Gao  |  

Hotels of the HUAZHU Group in Shanghai Will Now Accept Digital RMB Payments From May 21st, all hotels of HUAZHU Group in Shanghai will be able to accept digital RMB payment. According to HUAZHU, digital RMB will be accepted when guests check in at the… Read More

May 16, 2021 @ 2:57 pm By Xu Gao  |  

Police in Changsha Receive Salaries in the Form of Digital RMB At present, digital RMB pilots have been conducted in various applications across China. On May 8th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of… Read More

May 8, 2021 @ 2:18 pm By Xu Gao  |  

Insurtech Firm Waterdrop Starts Trading on New York Stock Exchange  On May 7th, Waterdrop Inc., China’s leading insurance and healthcare service technology platform, went public on New York Stock Exchange. Founded in 2016, Waterdrop has built an online insurance marketplace (“Shuidibao”) and a medical crowdfunding… Read More

April 25, 2021 @ 2:17 pm By Xu Gao  |  

Fintech Companies Will Face Listing Restrictions on the SSE STAR Market  On April 16th, the China Securities Regulatory Commission (CSRC) published the revised edition of “STAR Market Property Evaluation Guidelines”. According to the amendments, Fintech companies will be classified as “restricted” category when it applies… Read More

April 18, 2021 @ 12:58 pm By Xu Gao  |  

The People’s Bank of China and Six Other Departments Launch Fintech Projects for Rural Vitalization In order to better implement the strategy of rural vitalization, the People’s Bank of China and six other department (namely Ministry of Agriculture and Rural Affairs, Ministry of Industry and… Read More

April 5, 2021 @ 4:00 pm By Xu Gao  |  

Huabei Announces Agriculture Promotion Plans On March 29th, Huabei, the consumer credit platform of Ant Group announced the launch of a series of agriculture promotion plans. For example, Huabei will offer consumption subsidies and platform traffic to help the farms sell more products. Besides, Huabei… Read More

March 28, 2021 @ 12:51 pm By Xu Gao  |  

Insurtech platform Shuidi closed its mutual insurance service On March 26th, Insurtech platform Shuidi announced that it would close its mutual insurance service at 18:00 on March 31st, 2021. Prior to this, members who were unfortunately diagnosed with a serious illness could continue to apply… Read More

March 20, 2021 @ 10:22 am By Xu Gao  |  

China Imposes Further Restrictions on Online Consumer Loans for College Students Over the past few years, some internet finance platforms have targeted college campuses and made inductive marketing through cooperation with technology companies. Such practices led some students into excessive consumption and even debt traps…. Read More

March 13, 2021 @ 4:37 pm By Xu Gao  |  

E-signature Service Provider Fadada Completes 900-million -yuan D round financing led by Tencent  On March 11th, Chinese leading e-signature service provider Fadada declared the completion of a 900-million-yuan D round of financing. The investment was led by Tencent, followed by ZWC Partners and Centurium Capital…. Read More

March 6, 2021 @ 11:02 am By Xu Gao  |  

Chinese Fintech Companies Need to Meet Capital Adequacy Requirements with a Maximum of Two Years On March 2nd, Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) said at a press conference of the Information Office of the State Council that Chinese… Read More

February 28, 2021 @ 5:22 pm By Xu Gao  |  

NUCC: Online Payment Transactions Reach ¥4.98 Trillion During the Spring Festival Holiday During the Spring Festival Holiday of 2021 (February 11th to February 17th), NetsUnion Clearing Corporation (NUCC) processed a total of 7.937 billion online payment transactions, equal to 4.98 trillion yuan. Compared with the… Read More