Fintech/Internet Finance

China Fintech/Internet Finance News - Caixin Global

From peer-to-peer (P2P) lending to third-party payment, from blockchain to data-mining, the intersection of finance and technology is drawing in new investments as well as more regulatory oversight in China.

China’s Prolonged War Against Internet Financial Risks

Regulators outline new campaign involving special inspections, new regulations targeting P2P and microlenders to clean up irregularities

06 10, 2021 20:36 PM

Top Banking Watchdog Warns of China’s Growing Financial Risks

Guo Shuqing highlights rising nonperforming loans, derivatives speculation and fintech Ponzi schemes

06 08, 2021 19:40 PM

Newly Merged Internet Giant GoTo Appoints Veteran Finance Chief Ahead of Planned IPO

Jacky Lo has spearheaded New York listings for fintech firm OneConnect and Yum China

06 07, 2021 21:15 PM

PBOC Considers First Applications for New Financial Holding Company License

Citic Group subsidiary and Everbright apply to become financial holding companies under the tightened central bank rules introduced in September

06 07, 2021 20:14 PM

Huawei Makes HarmonyOS Open Source to Boost It as Android Alternative

Open-source strategy for HarmonyOS — launched in 2019 as a countermeasure to U.S. sanctions — aims to woo competing domestic software and hardware makers who had feared relying on a system entirely controlled by Huawei

06 03, 2021 19:28 PM

Lawmaker Suggests Giving Free HPV Vaccine to Girls in Junior High, CPC Has New Personnel Management Rules, and Nike, H&M Come Under Fire

On Chinese social media, the new three-child policy continues to stir discussion, while a suggestion to offer HPV vaccines to girls in junior high raises eyebrows

05 31, 2021 20:59 PM

Exclusive: Tencent Venture Wins License to Offer Reinsurance in Hong Kong

FuSure, which is 85% controlled by the internet giant, will be able to offer 17 types of reinsurance products in the financial hub

05 29, 2021 15:43 PM

Meituan Makes Changes to Allay Anti-Trust Concerns as Sales Beat Estimates

The Chinese food delivery giant is changing practices that triggered an anti-trust probe, its CEO said, as it reported better-than-expected revenue for first quarter

05 28, 2021 20:08 PM

In Depth: How Young Money Is Changing Hong Kong’s Art Market

Millennial Asian collectors and their tastes are on the move

05 28, 2021 20:00 PM

Swiss Re Sells Entire Stake in New China Life for $257.5 Million

World’s second-largest reinsurance company divests stake after reporting losses of $878 million last year

05 28, 2021 14:34 PM

JD Logistics Gains on Debut After $3.2 Billion Hong Kong IPO

Shares of the delivery arm of Chinese e-commerce giant rise 14% on its first day of trading

05 28, 2021 06:24 AM

China’s Banking Regulator Adds Limits on Wealth Management Marketing

Final rules taking effect June 27 will also apply to wealth management units of commercial banks and foreign-owned operations

05 27, 2021 19:29 PM

The 10 Domestic Stories Chinese Readers Can't Stop Following – May 27

Deceased plant scientist Yuan Longping stays at No. 1; Xiongan gets designated a pilot area for marriage reform; and Nanjing will no longer allow big houses to be built

05 27, 2021 19:19 PM

Xiaomi Grabs More Market Share From Huawei on Surging Smartphone Sales

Electronics-maker’s global shipments were up 69%, helping to take its first quarter revenue to $12 billion

05 26, 2021 20:48 PM

Exclusive: Tencent Ordered to Set Up Financial Holding Company

Owner of WeChat Pay follows in footsteps of rival Ant Group with state-mandated corporate shake up to comply with new rules for financial firms

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