Tag: China
FinTech is stimulating Chinese consumption and capital flow
Chinese policymakers are encouraging consumption, and FinTech companies are spurring purchases and investments. Read more: techcrunch.com
China reports almost 500,0000 cases of P2P lending problems
A report in China News says there was a “surge in problematic peer to peer online lending” during 2015 and 2016. Read more: www.crowdfundinsider.com
Chinese banks want to use blockchain to combat fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud. Read more: fortune.com
Ireland wants to be European FinTech gateway for Chinese firms
Earlier this month, Ireland sent a delegation of public officials to visit Hong Kong and advocate on behalf of the country as a “gateway” for China. Read more: www.crowdfundinsider.com
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Read more: www.fintechroundup.com
Is China’s FinTech sector just another knockoff?
The number of counterfeit products pumped out of China is unprecedented, so whether China's technology sector is another pirated import is a fair question. Read more: www.thestreet.com
Report: Majority of China P2P lenders could fail in 2017
The Chinese online lending market has also earned a reputation for fraud as many platforms operate with little regulatory oversight. Read more: www.crowdfundinsider.com
China’s bitcoin exchanges slap on trading fees
China's three largest bitcoin exchanges, whose activities have drawn increased scrutiny from the central bank, said they will begin charging trading fees. Read more: www.reuters.com
Half of global FinTech investments are in Asia
China has quickly became the global frontrunner in financial technology and is leaving the rest of the world painfully behind. Read more: www.atimes.com
China in midst of InsurTech boom
While China’s FinTech boom continues unabated, another fast-growing phenomenon has gone almost unnoticed — so-called InsurTech. Read more: www.insurancejournal.com