china fintech crackdown

Mar

China’s crackdown on fintech giants has just begun

Three times is usually the charm, but in this case it means that China’s fintech giants are finally out of luck. Firms that had seemed untouchable in two previous crackdowns are suddenly in regulatory crosshairs. Perhaps tech juggernauts should have seen the writing on the wall. After all, Beijing dealt…

Feb

China Banking Research

Fintech firms face an uncertain future in China

Fintech crackdowns in China tend to snowball. That was the lesson learned when Beijing began culling crypto and P2P lending firms. At first, it seemed those industry segments might survive if they could assuage regulators. It later became clear that the only way to satisfy regulators was to shut down…

Jan

China Banking Research

China’s money-laundering travails are growing

China has a fast growing money-laundering problem. Beijing issued a record RMB 628 million (US$97 million) in fines for money laundering violations in 2020, up nearly 300% over a year earlier, according to a new report by PriceWaterHouseCoopers. Since payment firms accounted for 42% of all fines issued, it is…

Contact Info

china fintech crackdown