Posts Tagged ‘China’

Invest Hong Kong Annual Hong Kong Fintech Week to be World’s First Cross Border Fintech Event

Invest Hong Kong has shared details of its 3rd annual Hong Kong Fintech Week. For 2018, HK Fintech Week will straddle Hong Kong and Shenzhen to be the world’s first cross-border Fintech event. The event will highlight the hottest industry developments along with the potential of the Guangdong-Hong Kong-Macao Greater Bay Area. Topics high on […]

Jack Ma to retire from Alibaba, but he’ll still wield significant influence

Alibaba’s co-founder and executive chairman Jack Ma will be stepping down from the ecommerce giant. Daniel Zhang, Alibaba’s CEO, will succeed Ma as chairman of the board and continue performing his current role. Ma will remain executive chairman for the next 12 months to oversee the leadership transition. He will remain on the board until […]

China to block more than 120 offshore cryptocurrency exchanges as crackdown escalates

Authorities will block access in China to 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens on the mainland.  Authorities will also continue to monitor and shut down domestic websites related to cryptocurrency trades and ICOs, and ban payment services from accepting cryptocurrencies, including bitcoin. Since the government crackdown began last September, a […]

University Gets $20 Million for Blockchain and Fintech Research

Hong Kong-based business school, University of Science and Technology, was donated $20 million to research blockchain technology and potential improvements in electronic payment system security. Professor Tan Jiayin will lead the research and will focus on blockchain itself. Since cryptocurrencies will be largely involved in the project, Jiayin has encouraged banks to participate in the research. […]

Zheshang Bank issues $66mn of securities on blockchain platform

Zheshang Bank has completed an issuance of securities worth $66 million through its blockchain platform Lianrong. The bank has become one of the first institutions in China to have made such a move over a blockchain network. Lianrong was designed in-house by the bank to allow registered companies to broadcast account receivable assets to potential […]

Meet the 100 top-funded fintech companies in China

The entire financial system could be due for an overhaul, and China is right at the forefront. Which company in the country is most likely to challenge the status quo? An imperfect way to judge would be the amount of money they have raised. Using its data, Tech in Asia has generated a constantly updated […]

Bank of China CIO Says Bank to Increase Investments in Blockchain, Fintech

The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, announced its plans to increase the company’s investments in research and development technologies such as blockchain, the Internet of Things, and fintech. Investment in the technologies will reportedly be more than 1 percent of the bank’s operating annual income, which […]

Survey finds fintech sector ready to deal with talent crunch

China is facing an acute shortage of professional fintech talent, a survey by recruitment company Michael Page China found. The survey found that recruitment of fintech talent was found to be a challenging experience, with 85 percent of employers expressing difficulties. As cited by 45 percent of respondents, the biggest hurdle for them remains the shortage […]

Breakthrough Fintech Conference on Artificial Intelligence and Commerce Launches in Shanghai

The CardLinx Association announced that The CardLinx Asia Forum will be held in China for the first time on September 5th at the Grand Hyatt Shanghai. This executive-level event will focus on artificial intelligence and commerce in the development of payments, retail tech and travel tech in Asia. When: September 5, 2018 Where: Shanghai, China Read more […]

Jack Ma’s fintech startup shakes up China’s banks

Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world’s biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash. That success is also putting a target on the company’s back. China, […]