Fintech

Jingdong Finance Will Pursue Light-Asset Model After Spin-Off From JD.Com, Executives Say

Jingdong Finance Will Pursue Light-Asset Model After Spin-Off From JD.Com, Executives Say

Jingdong Finance, formerly an internet finance subsidiary of JD.Com Inc. [NASDAQ:JD], has become a completely independent entity and will be…

Aug 16, 2017
Song Yikang and Du Chuan
PBOC Denies Issuing Notice to Branches, Alipay to Curb Cashless Promotions

PBOC Denies Issuing Notice to Branches, Alipay to Curb Cashless Promotions

China’s central bank denied reports it issued a notice to its branches and sub-branches advising them to curb the use…

Aug 11, 2017
Tang Shihua
China's Internet Financial Products Yield Increased Significantly in First Half

China's Internet Financial Products Yield Increased Significantly in First Half

The yield of internet financial products increased significantly in the first half of 2017, but the yield of peer-to-peer lending platform products continued to decline.

Aug 7, 2017
Yin Yi
China's First Commercial Open-Source Blockchain Platform Kicks Off, Signaling Era of Scene Application

China's First Commercial Open-Source Blockchain Platform Kicks Off, Signaling Era of Scene Application

China's first commercial open-source blockchain platform has landed, indicating blockchain finance could step into the scene application.

Aug 1, 2017
Yin Yi
China’s Financial Regulators to Focus on Developing Regulation Technologies, Says Scholar

China’s Financial Regulators to Focus on Developing Regulation Technologies, Says Scholar

China’s regulators have started to focus on and study the development of regulation technologies (RegTech) suitable for the country, said a government-affiliated scholar.

Jul 31, 2017
Yang Jiao
AI Could Replace Repetitive Work Tasks in Finance Sector Over Coming Years, Market Insiders Say

AI Could Replace Repetitive Work Tasks in Finance Sector Over Coming Years, Market Insiders Say

The finance industry is likely to be the first sector to experience significant disruptive changes from artificial intelligence, market insiders told Yicai Global.

Jul 27, 2017
Wen Feng
NFC Calls for Tighter Regulation of P2P Lending Sites

NFC Calls for Tighter Regulation of P2P Lending Sites

China’s recent fifth National Financial Conference called for efforts to tighten up regulation over internet finance including peer-to-peer lending sites…

Jul 26, 2017
Li Silin
China’s Mobile Payment Giants Are Struggling to Impress Overseas

China’s Mobile Payment Giants Are Struggling to Impress Overseas

Despite their massive prevalence in China and overseas expansion efforts, mobile payment providers like WeChat Pay and Alipay have struggled to popularize themselves abroad.

Jul 24, 2017
Xu Wei
Ping An Affiliated Asset Management Platform Lufax Expands to Singapore

Ping An Affiliated Asset Management Platform Lufax Expands to Singapore

Lu International (Singapore) Financial Asset Exchange (PTE) Ltd., the international business platform of Shanghai Lujiazui International Financial Asset Exchange Co.…

Jul 18, 2017
Zhang Yuanke
China Mines 70% of Bitcoins, Survey Says

China Mines 70% of Bitcoins, Survey Says

Mining of the cryptocurrency bitcoin has developed into a complete industrial chain. Some 70 percent of the world’s bitcoins are…

Jul 12, 2017
Yicai Global
Alipay and WeChat Clinch Strategic Cooperation With US Start-Up Stripe

Alipay and WeChat Clinch Strategic Cooperation With US Start-Up Stripe

Stripe, a US start-up with an estimated value of around USD9 billion, has entered into a strategic partnership with China’s Alipay and WeChat.

Jul 11, 2017
Zhang Xia
Fintech Is Not Likely to Replace Employees in Insurance Industry, but Will Force Them to Improve Skills

Fintech Is Not Likely to Replace Employees in Insurance Industry, but Will Force Them to Improve Skills

The speed and pace of technology developments worry employees across many industries, leading to question marks as to whether technology…

Jul 7, 2017
Yang Qianwen

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