China

Ant Insurance Launches China’s First Digital Operation Platform for Insurance Companies

Ant Group‘s online insurance agency platform Ant Insurance has launched digital operation platform Xingyun (translated as nebula) for insurance companies in China. According to Ant Insurance, the Xingyun platform is the first of its kind in the country. Powered by

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OneConnect Listed on the Main Board of the Hong Kong Stock Exchange

OneConnect Financial Technology, a technology-as-a-service provider for financial institutions, announced that it has successfully listed, by way of introduction, its ordinary shares on the main board of the Stock Exchange of Hong Kong (SEHK). The shares are traded on the

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Wisecard Ties up With Zwipe to Offer Biometric Payment Cards

Wisecard Technology, a Chinese solution provider for smart card issuance and innovative payment platforms, has partnered with Zwipe to bring biometric payment cards to consumers in the Asia Pacific (APAC) region. Through this partnership, Wisecard will deliver pre-built personalisation scripts

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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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