Shanghai has unveiled an ambitious action plan to position itself as a global Fintech hub, with 31 measures aimed at upgrading the city’s financial technology landscape over the next three to five years. The action plan, released by the municipal government on Friday, outlines a… Read More
Read more in: Fintech, Asia | Tagged cbdc, china, digital yuan, fintech hub, shanghai
Ant Group and Mastercard, alongside 12 overseas payment partners of Alipay+ and other major card organizations, announced the launch of the International Consumer Friendly Zones program in Shanghai. This initiative aims to enhance the travel experience for global visitors and stimulate economic growth for local… Read More
Read more in: Asia | Tagged alipay, ant group, fintech, mastercard, payments, shanghai
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) in order “to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect.” The eligibility criteria for ETFs… Read More
Read more in: Asia, General News, Global | Tagged china, etfs, hkex, hong kong, shanghai
The Shanghai hard fork is projected to unfold this spring around March or April, with the anticipated upgrade affording the capability to withdraw Ethereum from staking for the first time. Ethereum staking rewards participating in network consensus, and in order to participate, one needs to… Read More
Read more in: Blockchain & Digital Assets, Opinion, Strategy | Tagged blockdaemon, eth, ethereum, shanghai, staking, tactics
Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a Fortune 500 company and one of Shanghai’s biggest state-backed enterprises focusing on real estate, infrastructure and finance, and the MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged china, crypto-assets, digital assets, dr. bo bai, dr. geng jing, mas, metaverse green exchange, monetary authority of singapore, shanghai, singapore, southeast asia, tokenization
VeChain developers note that the blockchain sector in Shanghai has enjoyed “robust” and “fast-paced” development because of the city’s ongoing efforts and their willingness to embrace blockchain tech. To expedite the development of blockchain or distributed ledger tech (DLT)-powered services in Shanghai, the Shanghai Municipal… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged blockchain adoption, china, distributed ledger technology, dlt, dr. peter zhou, dr. zhijie ren, ieee, mainland china, shanghai, vechain, vechain foundation
China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More
Read more in: Asia, Fintech, Global | Tagged china, d1 capital partners, financial services, investment round, shanghai, small businesses, smbs, sme's, xtransfer
Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic… Read More
Read more in: Asia, Fintech | Tagged china, commodities, london, mobile trading, shanghai, singapore, trading technologies international
Booking.com reveals that it has formed a new internal Fintech division in order to support access to the firm’s global travel marketplace for clients and partners. As an international digital commerce firm with business operations in almost every country and city, Booking.com’s goal behind creating… Read More
Read more in: Fintech, Global | Tagged amsterdam, Booking.com, fintech adoption, fintech trends, shanghai, travel, traveling
VeChain, a leading blockchain platform for supporting supply chains among other use cases, has announced that together with DNV, they are enabling Renji Hospital (in China) to launch the very first blockchain-enabled IVF Service App, called MyBaby. As mentioned in an update from VeChain Foundation,… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged china, data management, distributed ledger technology, dlt, healthcare, mainland china, medical technology, renji hospital, shanghai, sunny lu, vechain, vechain foundation, vechainthor
Chinese banking institutions have introduced central bank digital currency (CBDC) hardware prototypes for several different use cases. The People’s Bank of China (PBoC), the nation’s central bank, and the Industrial and Commercial Bank of China (ICBC) have introduced prototype hardware devices that aim to offer support… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged ant group, banking, cbdc, cbdcs, central bank, central bank digital currency, china, digital currencies, digital renminbi, digital wallet, digital yuan, icbc, industrial and commercial bank of china, jd technology, jd.com, mainland china, mobile wallets, online wallet, payments, pboc, peoples bank of china, reserve bank, shanghai, smartphones, tencent, virtual currencies
Chinese authorities have increased their scrutiny of the nation’s Fintech sector. China’s regulators have now cracked down on JD Technology’s (potentially) $3 billion initial public offering. JD Technology, the Fintech division of Chinese digital commerce giant JD.com Inc., is reportedly looking into withdrawing its application… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged beijing, china, fintech ipos, initial public offering, ipo, jd digits, jd technology, jd.com, mainland china, public offering, shanghai
China’s regulatory authorities have reportedly been telling local banking institutions to “trim” their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More
Read more in: Asia, Fintech, General News, Global, Politics, Legal & Regulation | Tagged cbirc, china, china banking and insurance regulatory commission, consumer protection, coronanvirus, covid-19, guo shuqing, hsbc, lending, mainland china, pboc, personal loans, shanghai, shenzhen, southeast asia, stock markets, stock trading
VeChain, a major blockchain platform focused on developing supply chain management solutions among other use cases, has released its latest financial executive report in order to promote “fairness, transparency, and openness.” As mentioned in the report, published on December 29, 2020: “During this quarter, the… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged Business Development, china, distributed ledger technology, dlt, shanghai, sunny lu, supply chain, travala.com, vechain, vet tokens
Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More
Read more in: Asia, Fintech | Tagged alibaba, alibaba group, ant group, china, hong kong, initial public offering, ipo, mainland china, shanghai, star market
Temasek Holdings, a major Singapore state investor, is reportedly looking into making a potential investment in the planned initial public offering (IPO) of Chinese Fintech giant Ant Group, which might be the world’s largest iPO. GIC Pte Ltd, which is Singapore’s sovereign wealth fund (one… Read More
Read more in: Fintech, Asia, Global | Tagged alibaba, alibaba group, ant group, china, gic, initial public offering, ipo, shanghai, singapore, temasek holdings
Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More
Read more in: Fintech, Asia, Insurtech | Tagged china, fintech adoption, insurance, mainland china, oneconnect, ping an, shanghai, small businesses, smbs, sme's
JD Digits, the Fintech-focused division of Chinese online marketplace JD.com, is reportedly planning to conduct an initial public offering (IPO) at China’s STAR Market, which is based in Shanghai. This, according to a filing submitted by several securities companies. As first reported by TechNode, the… Read More
Read more in: Fintech, Asia | Tagged china, digital commerce, e-commerce, hong kong, initial public offering, ipo, jd digits, jd.com, online marketplace, shanghai
The People’s Bank of China (PBoC), the nation’s reserve bank with around $3.2 trillion in assets, recently announced the second batch of Fintech initiatives that will take part in a pilot program involving new regulations. The pilots will take place in China’s capital, Beijing, and… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged beijing, central bank, china, distributed ledger technology, dlt, hangzhou, pboc, peoples bank of china, regulatory sandbox program, reserve bank, shanghai, shenzhen
The Bank of China, one of the four largest state-managed commercial banking institutions in the country with over $3 trillion in assets, introduced its very first Fintech-focused regulatory pilot initiative in Beijing in 2019. The bank now says it will further expand its regulatory pilot… Read More
Read more in: Asia, Fintech | Tagged bank of china, china, fintech development plan, shanghai, shenzhen
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