China Daily: PBOC unveils fintech development plan
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China will roll out a fintech development plan and apply the technology more widely to better serve its real economy, said Fan Yifei, deputy governor of the People’s Bank of…
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Nanyang Technological University, Singapore (NTU Singapore) and WeBank, China’s first digital-only bank, are setting up a fintech research center to support “Banking 4.0”. While most banking services can be done…
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IHS Markit announced it signed a memorandum of collaboration (MoC) with Hundsun Technologies, a supplier of financial software and network services in China, to explore joint development of bookbuilding solutions…
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X Financial, a digital personal finance company in China, announced that it has engaged Citic AIBank as its custodian bank for its online lending platform, Xiaoying Wealth Management. AIBank’s custodian…
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In recent conversations on Delta One trading for an upcoming report, we heard the idea that Chinese banks could become an important future liquidity source for Western banks. The logic…
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China and Japan together hold 35% of US Treasuries outstanding, according to new US Treasury data. But that figure is decreasing and there are no big buyers stepping up to…
Read More China insurance giant Ping An plans tech R&D investment at $15bn
Ping An Insurance said it expects to more than double technology R&D investment over the next decade to consolidate its technology leadership in the financial services industry at the Group’s…
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Diplomatic Courier released a special report, published in collaboration with The Future Society, detailing proceedings from the inaugural US-China AI Tech Summit in Silicon Valley earlier this year. Fintech has…
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China wants a bigger seat at the global financial decision-making table. While this drive isn’t new, a quota review at the International Monetary Fund (IMF) is one of those behind-the-scenes…
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Early AI adopters choose revenue and competition over cost savings
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PBoC has opened the way to triparty repo in the interbank bond market, the central bank announced on October 17. “In recent years, there has been a growing and diverse…
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Read More SmartStream partners with distributor for China mainland data services
SmartStream Technologies announced the appointment of TGT Chibo Data Service, a technology services and payment solution provider, as an official distributor partner for China’s mainland market. TGT Chibo will initially…
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Chinese AI startups raised $5 billion in venture capital funding in 2017 and overtook their US counterparts, found ABI research, an advisory firm. The overall investment values for AI startups…
Read More China in surprise crypto ban after spending billions on promotion
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Read More China’s Ant Financial raises $14 billion from slew of domestic and foreign investors
Ant Small and Micro Financial Services Group announced it has entered into definitive agreements with investors for its Series C equity financing for some $14 billion. The financing round includes…
Read More Reuters: Ant Financial shifts focus from finance to tech services
Ant Financial Services Group, the dominant Chinese fintech company, is shifting its main focus to technology services and away from payments and consumer finance as Beijing’s crackdown on financial risk…
Read More CBRC will ease caps on foreign ownership of Chinese FIs
China’s banking regulator will ease caps on foreign ownership in financial asset management companies and Chinese banks (excluding private banks) and apply non-discriminatory ownership limit rules. China Banking Regulatory Commission…
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On January 16, the China Banking Regulatory Commission (CBRC) issued a notice on measuring derivatives counterparty default risk. The notice will come into effect on January 1, 2019 for commercial…
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The People’s Bank of China has used its extensive holdings of European government bonds to act as an “escape valve” at times when the European repo market has become squeezed,…
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Washington, DC – Today, U.S Trade Representative Robert Lighthizer formally initiated an investigation of China under Section 301 of the Trade Act of 1974. The investigation will seek to determine whether…
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China’s regulator has penalised three of the country’s largest brokers, blaming them for their role in the 2015 stock market crash, in the first official account of a rout that…
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China’s Capital Markets Navigating the Road Ahead March 2017 Rules against naked short selling are used globally and are defensible. However, the common prejudice against covered short selling is as…
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China’s securities regulator has introduced new restrictions for financial institutions seeking to outsource fund management to external fund managers, the official Securities Times reported on Monday, as the government tightens…
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Guo Shuqing, who is stepping down as governor of Shandong province to take control of China’s banking regulator, returns to Beijing at a decisive moment for the country’s financial system…
Read More Reuters: CME Group sees Chinese hedge funds, state-owned firms driving Asia growth
Feb 21 China’s 2015 market crash sparked a surge in Asian trading for futures exchange giant CME Group as Chinese funds hedged their risk offshore and growth prospects remain strong,…
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Read More Reuters: China limits OTC business for financing
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China’s securities regulator has punished six brokerages, including Great Wall Securities Co Ltd and Huatai Securities Co Ltd, for violating rules in their margin trading businesses, a spokesman for the…
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