The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021Chinese officials have reportedly outlined an exemption from the requirement to undergo a cybersecurity review for companies destined for a Hong Kong IPO.
July 18, 2021Companies that have personal information of more than 1 million users must submit to a cybersecurity review by the Office of Cybersecurity Review.
July 14, 2021Chinese authorities will step up supervision of companies that list overseas to improve regulation of cross-border data flows and security.
July 8, 2021Smaller regional lenders have circumvented the geographical limits of their licences by offering deposit products on online platforms operated by Ant Group and Tencent, among others.
December 23, 2020The PBOC has established a partnership with ride-hailing firm Didi Chuxing to test its digital currency in payments.
July 10, 2020