Tag: China

China blames US for ‘tens of thousands’ of cyberattacks

China has accused the US of launching ‘tens of thousands’ of cyberattacks on China and thieving troves of sensitive data, according to Security Week.

China approves its first carbon-neutral exchange traded funds

Chinese authorities have approved the country’s first carbon-neutral exchange traded funds (ETFs) following efforts by regulators to drive green finance growth.

China endorses plan to strengthen FinTech regulations

President of China Xi Jinping has officially approved a plan to standardise and develop regulations for the FinTech sector, MarketWatch has reported.

Could 2022 be the year of the CBDC?

With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?

Chinese regulator calls on banks, insurers to develop pension financial services

The China Banking and Insurance Regulatory Commission (CBIRC) has said banking and insurance firms should strengthen investment management of pension funds.

Data on 1 billion Chinese citizens potentially leaked from Shanghai police

A hacker that goes by the name of ChinaDan claims they have obtained 23 terabytes of data on one billion Chinese nationals and billions of case records from Shanghai police.

China to widen digital yuan trials across more cities nationwide

The People’s Bank of China (PBOC) is set to expand a pilot of a digital yuan across a range of new locations following the success of the initial program.

China defers new AML rules amid pushback and privacy concerns

The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.

FinTech Dowsure nabs $20m Series B

China-based Dowsure Technologies has raised $20m from a Series B financing round that was led by an undisclosed global strategic investor.

Fenbeitong becomes China’s latest FinTech unicorn

Fenbeitong, a China-based corporate spend startup, has collected $140m in its Series C+ funding round.

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week