China’s New Digital Currency Tries to Limit Dominance of Alibaba and Tencent
The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce the dominance of Alibaba ...
Details Emerge about China’s Digital Currency
According to more than 80 patents viewed by the Financial Times the People’s Bank of China has made significant progress on launching 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 ...
The FT Looks Into China’s Digital Currency Plan
While the project has been shrouded in secrecy we do know that China’s central bank has spent the last five years researching digital ...
What China Could Gain From a Digital Yuan
Quartz looks at the potential implications of China launching their own digital currency which is rumored to be happening as soon as November; it will ...
Tencent and Alibaba Not Cooperating With Beijing on Credit Data
The FT is reporting on the challenges of establishing a national credit bureau in China; the People’s Bank of China (PBoC) launched Baihang, the national ...
China to Include P2P Lending in Credit Reference System
The beleaguered peer to peer lending industry in China is going to be further scrutinized in the future; China’s central bank will soon be including ...
China’s Fintech Plan Shows Central Bank Aims to Control the Market
Late last month the Chinese government produced a 3 year fintech development plan which many believe is designed for the central bank to increase ...
The PBOC Releases Their Three Year Plan for Fintech in China
China’s central bank has released their three year plan for fintech with the aim to strengthen support for the sector while at the same time reducing ...
China to Launch its Own Digital Currency Soon
China is getting ready to launch its own digital currency according to a senior official at the People’s Bank of China (PBOC), China’s central bank; ...