China
WeBank Launches Its New Brand “WeBank Blockchain” to Focus On ESG
WeBank, a digital-only bank in China, launched its new brand “WeBank Blockchain” which will be focused on building trusted ESG infrastructure to promote equity and sustainable development for its blockchain technology. To better promote ESG development, WeBank Blockchain will focus
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KPMG Releases China Top 100 Fintech Companies List of 2021
KPMG China has released its annual selection of the country’s top 100 fintech enterprises and emerging leaders. Like previous years, the 100 companies comprising the 2021 China Leading Fintech 50 and Future 50 selection were chosen by a committee of
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EMQ Offers Real-Time, Multi-Currency B2B Payment Offerings to China
Global payments network EMQ further strengthens its multi-currency B2B payment offerings for enterprises with options including same-day settlement in RMB and USD across its payout network reaching over 150 banks in China. With EMQ Connect API, customers can pay directly
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Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for their cooperation on fintech innovation and supervisory exchanges in the region. The two regulators have agreed to link up the
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ByteDance’s Fintech Ambitions in Tatters Amid China Clampdown on Bigtechs
TikTok’s owner ByteDance said on September 01, 2021 that it plans to scale back its fintech business and sell its securities brokerage operations amid regulatory pressure on fintech companies. The firm did not name the business unit it intends to
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China Enters a New Age of Fintech
After a period of rapid growth and innovation, the Chinese Internet sector is entering a new phase of development on the back of new stringent regulations, changing demographics and geopolitical tensions, according to the South China Morning Post’s annual China
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ADDX Secures US$200 Million Allocation From China’s Offshore Investment Scheme
ADDX, a Singaporean digital securities exchange formerly known as iSTOX, expects to enlarge its business in China after with a US$200-million agreement tied to a government-granted quota for Chinese offshore investments. The Qualified Domestic Limited Partnership scheme (QDLP) allows domestic
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Stripe Deepens Partnership With UnionPay to Tap Into China’s Consumer Market
Payment infrastructure provider Stripe has deepened its partnership with China’s UnionPay International to widen its access to the booming global Chinese consumer market. Stripe’s partnership with UnionPay International complements its existing Alipay and WeChat Pay integrations. Through a single integration,
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Despite Crackdowns, China Remains One of the World’s Top Crypto Market
Despite crackdowns on cryptocurrency trading and mining, China remains one of the most active cryptocurrency markets in the world, according to a new report by blockchain data platform Chainalysis. Between January and June 2021, cryptocurrency addresses believed to be controlled
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BBVA Signs Deal To Join Ant Group’s Blockchain-Based Trading Platform Trusple
BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered by Alibaba’s affiliate Ant Group, for greater transparency and security. Trusple aims to accelerate the digital transformation and facilitate the
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