Fusion Bank promises SMEs a "hassle-free" account opening experience and a six month exemption on fees for new accounts.
March 23, 2023Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring "golden shares" in some tech giants.
January 18, 2023Top regulator Guo Shuqing said supervision of internet platform companies will normalise. Jack Ma has meanwhile ceded control of Ant Group.
January 10, 2023China is separately working on a CNY 1 trillion support package to expand domestic semiconductor production and research activities.
December 15, 2022A subsidiary of state-owned China Merchants Group has been granted a financial holding company licence.
September 13, 2022Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.
August 16, 2022Tencent was fined CNY 6 million for its involvement in 12 transactions on a list of deals that were not properly reported.
July 13, 2022Tencent and Ant Group are among those that have pledged to adhere to China's crypto ban and prevent speculation on platforms that deal in 'digital collectibles'.
July 8, 2022HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.
July 6, 2022The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
June 28, 2022