China
China’s New Fintech Strategy Includes a “Chinese Version” of Regulatory Sandboxes
China’s central bank, the People’s Bank of China (PBoC) has revealed at the 4th Global Fintech (Beijing Summit) that it is currently drafting new policies for China’s fintech sector. This new plan, will include regulatory sandboxes for at least 10
Read More
Ping An’s Operations Across The Board Will Be Powered by AI and Blockchain
Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations—banking, securities, fund and property subsidiaries. A report by Sina that was translated by China Banking News said that all eight of Ping An’s subsidiaries are
Read More
Hangzhou Eyes to Produce 10 Globally Known Fintech Firms by 2022
The government of Hangzhou unveiled a plan to build the eastern Chinese city into an international fintech hub by 2030. In the same plan Hangzhou aims to help produce at least 10 globally known fintech firms by 2022. The Chinese
Read More
Livi VB’s New Trump Card is a CEO With Experience in China’s First Virtual Bank
Due to the worryingly slow development of digital banking in Hong Kong, regulator Hong Kong Monetary Authority (HKMA) granted virtual banking license it to a total of 8 virtual banks. Since then, these companies have been locked in an intense battle for talent as they
Read More
Shenzhen Stock Exchange Partners Up with Tencent to Launch Fintech Innovation Lab
Tencent and Shenzhen Stock Exchange (SZSE) have banded together to form a joint innovation lab, named the SZE – Tencent Financial Technology Joint Laboratory. The lab will focus in what they call “financial sci-tech”, and devote its existence to jointly
Read More
A Snapshot of Fintech in Hong Kong in 2019
Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of investments. According to Accenture, this was due to new measures
Read More
Shenzhen Eyes to Turn Qianhai an Epicenter for Fintech and Blockchain
The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone or the Qianhai Special Economic Zone, is an experimental commercial development in Shenzhen set up to encourage foreign investment in modern industries. It is emerging as one of China’s biggest centers
Read More
A Deeper Look into The Greater Bay Area, China’s Answer to Silicon Valley
The Fintech Association of Hong Kong has released a new report exploring the Greater Bay Area (GBA)’s cities, policies, and fintech landscape. The report, gives an overview of the GBA’s demographics, fintech companies, projects and goals, including policy and regulatory
Read More
How is China’s Smallest Province Hainan Attracting Fintech Giants Like Tencent
Since president Xi Jinping announced a plan to gradually turn Hainan into a pilot free trade zone by 2020 and transform the location into a free trade port by the year 2025, Internet giants and fintech firms are flocking in.
Read More
China’s Top 10 Fintech Startups and Companies
China continues to be the world’s undisputed fintech leader, with about 600 deals completed in 2018 and a fintech adoption rate of 69%, the highest in the world, according to EY’s 2017 Financial Technology Adoption Index. Out of the world’s
Read More