The Shanghai and Shenzhen stock exchanges are consulting on rule changes that will allow Chinese investors to trade Hong Kong-listed dual-class shares via Stock Connect.
August 5, 2019Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.
July 18, 2019Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.
July 4, 2019An element of risk is BigTechs' access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.
June 25, 2019Investors will be exempt from tax on profits from trading CDRs for three years, in addition to preferential tax treatment on dividend income.
April 17, 2019The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.
August 30, 2018In the latest move in a long line of measures to stamp out cryptocurrency trading, payments and ICOs in the country, the PBOC will block the IP addresses of over 120 offshore crypto exchange platforms accessible on the mainland.
August 27, 2018Shenzhen-listed Ruizhi Huasheng Technology, a third party developer for state-run mobile carriers, stole up to 3 billion pieces of user data from 96 companies including Alibaba, Tencent and Baidu.
August 23, 2018Stricter regulations are intended to limit abuses, improve government oversight and allow the entry of foreign enterprises for the first time. But, a more comprehensive framework is needed to manage systemic risk posed by the sector’s rise.
August 6, 2018The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.
August 2, 2018