The Impact of Coronavirus on Chinese Consumers
Early data coming out of China shows an increase of loans that are past due; According to Bloomberg, overdue credit-card debt increased about 50% from ...
China Looks Into Setting Up Debt Managers to Handle P2P Loans
China’s banking regulator is looking at potentially setting up regional bad-debt managers to deal with the collapse of the significant amount of failed ...
Former CFTC Chairman Says Fed Should Introduce a Digital Currency
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve should introduce a ...
Mastercard Gains Approval for Entry into China Market
Mastercard has gained approval from the People’s Bank of China (PBoC) to enter the Chinese market as a bank card clearing institution; the ...
China’s P2P Lending Market Faces Extinction
China was once home to the largest p2p lending market in the world and now it faces extinction; a few high profile cases ...
Ant Financial No Longer Boasts Largest Money Market Fund
Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now surpassed it according ...
Ant Financial Revives IPO Plans
Ant Financial is seen as one of the world’s top fintech companies and is now reviving their plans for an IPO after shelving ...
China and India are Moving in Different Directions When it Comes to Fintech Funding
Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion in 2018 according ...
Hong Kong Sees Increase of Fintech Adoption
The Hong Kong Monetary Authority shared that half of the population if the city has signed up for their Faster Payment System; the ...
Amex Close to Entering Chinese Market
China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive final approval; American Express has ...