China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...
The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...
Regulators are telling banks in China to step up loan approvals and keep the flow of mortgages going as the world’s second-largest economy remains on...
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday...
After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. The People’s Bank of...
The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...
On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of...
Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting...
The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon...