Fintech

Ant Financial-Developed Yu’E Bao Manages USD210 Billion in Assets

Ant Financial-Developed Yu’E Bao Manages USD210 Billion in Assets

Tianhong Asset Management Co. recently said that its money market fund, Yu’E Bao, was overseeing USD210 billion (CNY1.43 trillion) at…

Jul 3, 2017
Yicai Global
The People’s Bank of China Opens Digital Currency Research Institute

The People’s Bank of China Opens Digital Currency Research Institute

As China emerges as one of the world’s leading markets for trading digital currency Bitcoin. The People’s Bank of China (PBOC) has quietly set up a digital currency research institute.

Jun 28, 2017
Yicai Global
Ant Financial Services, Lawson Jointly Promote in Japan, China

Ant Financial Services, Lawson Jointly Promote in Japan, China

Ant Financial Services Group’s Alipay has cooperated with Japanese convenience store operator Lawson Inc. [TYO:2651] to ply promotional activities in…

Jun 26, 2017
Yicai Global
Fintech Could Complicate Financial Sector, Make Regulation More Challenging, CBRC Head Says

Fintech Could Complicate Financial Sector, Make Regulation More Challenging, CBRC Head Says

“Technological development could magnify the fluctuation of China’s financial system or lead to underrated risks and incorrect pricing,” Deng Zhiyi,…

Jun 22, 2017
Yin Yi
Internet Finance Titans Open Self-Run Platforms to Lure Collaborators From Traditional Financial Institutions

Internet Finance Titans Open Self-Run Platforms to Lure Collaborators From Traditional Financial Institutions

Ant Financial Services Corp. and JD Finance, have released their self-operated platforms in a row, trying to attract cooperators from traditional financial institutions.

Jun 16, 2017
Song Yikang
Why Is Supervision Over Digital Currency Necessary?

Why Is Supervision Over Digital Currency Necessary?

The absence of an established global response mechanism increases risks and exposure in preventing and fighting criminal, money laundering and terrorism acts which are backed by technological advance.

Jun 12, 2017
Yang Yanqing and Lin Chunjie
Imbalances in Various Fintech Fields Demand a New Fintech Ecology, PBOC Expert Says

Imbalances in Various Fintech Fields Demand a New Fintech Ecology, PBOC Expert Says

Fintech is ushering in accelerated development, but imbalances exist in various fields of fintech.

Jun 12, 2017
Yicai Global
Fintech Impacts Bank Products and Customer Services, but Banks Have Five Responsive Solutions

Fintech Impacts Bank Products and Customer Services, but Banks Have Five Responsive Solutions

As global technologies and innovations pivot towards booming growth, internet, cloud computing, Big Data and artificial intelligence (AI) are reshaping the financial industry.

Jun 9, 2017
Yicai & Accenture
Bitcoin Hits New High of USD2,973 in China Market

Bitcoin Hits New High of USD2,973 in China Market

Bitcoin, digital currency, reached a new record high of USD2,973 in the Chinese market this morning, up more than 9…

Jun 6, 2017
Yicai Global
Alipay Weaves a Global Mobile Payment Web

Alipay Weaves a Global Mobile Payment Web

"No cash is the future trend. China is the leader in mobile payments. We welcome these new ways of payments…

Jun 6, 2017
Guan Jian
China’s Fintech Attracting Global Investors, Industry Experts Say

China’s Fintech Attracting Global Investors, Industry Experts Say

Unlike the US, which has a well-built traditional financial system, poor conditions in China’s finance sector have seen fintech develop…

Jun 5, 2017
Qiu Zhili
Only a 'Handful' of Robo-Advice Startups Will Survive, Morgan Stanley Says

Only a 'Handful' of Robo-Advice Startups Will Survive, Morgan Stanley Says

A lot of robo-advice startups could be heading for trouble. Robo-advisers provide financial advice or portfolio management online or via a…

May 23, 2017
Frank Chapparo - Business Insider

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