China Banking Research

Aug

Chairman of ICBC welcomes fintech regs. No really?

Earlier this week, Finance Asia reported that Yang Kaishen, CEO and Chair of the Industrial Commercial Bank of China stated that recent moves by regulators would be good for innovation. Wait…so the chair of one of the biggest SOEs in the country is in favor of legislation that cuts off…

Aug

China Banking Research

Make a fortune on Alibaba: Ant Financial launches a wealth management app

There’s something to be said for the refreshing marketing on Ant Financial’s new online wealth management app “Ant Fortune.” Whether or not it will actually make a fortune for users is a bit unclear, but you can be sure Alibaba will do well out of it.

Jul

China Banking Research

China issues first “Internet Finance Guidelines” to kick off what should be a completely new area of regulation

Online loans, payments, and banking – nearly every segment of the banking industry has been affected by China’s rapidly growing internet finance industry. For the past two years, it has done so without much regulatory oversight or intervention. That looks like it will change soon.

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China Banking Research