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September 17, 2019 - Sep 19, 2019
Fixed Income & FX Leaders Summit APAC 2019
September 23, 2019 - Sep 26, 2019
Sibos 2019 - London
October 14, 2019 - Oct 15, 2019
Finnovate Asia
October 27, 2019 - Oct 30, 2019
Money 20/20 USA
November 11, 2019 - Nov 15, 2019
Singapore Fintech Festival
December 04, 2019 - Dec 06, 2019
Money 20/20 China Hangzhou
Latest Insight

The Samoyed manages your credit card in China

Written by Felix Yang || October 25 2018

At the end of last month, another Chinese fintech company Samoyed Holding filed for $80 million IPO on the New York Stock Exchange. The company provides consumer finance services for the Chinese millennials. Its main business is the credit card balance transfer business, counting for 74.7% of its 2017 turnover.

Fintech boosts banks’ performance in China

Written by Felix Yang || September 10 2018

Financial results from China's banks are improving recently as tight regulation is limiting the expansion of 3rd party competition, while overall bank profitability is increasing.

Alipay ups its security to prevent scams

Written by Felix Yang || September 03 2018

During the Internet Security Summit in Beijing on August 21st, Ant Financial announced the official upgrade for the security control of its digital payment platform – Alipay. The more secured process is achieved through what is called a 'Delayed Payment' (DP) function.

Banks in China are back on the main stage

Written by Felix Yang || August 07 2018

Fortune released the latest Global Top 500 list recently. 120 Chinese companies made the list, while US took the lead with 126 companies. Banking was the leading industry in China as China's banks come to the forefront again.

Will a closer EU-China partnership stop the trade war?

Written by Felix Yang || July 20 2018

The 20th China-EU high summit was held in Beijing this past week and attracted a lot of attention due to the current global trade tensions. As the speculation on trade war continues, the EU and China decided to stand together against Trump’s attack on the global trade system.

We have talked about the trend before, but starting to see more and more cooperation between fintech companies and banks. China Construction Bank Wenzhou Branch is now in cooperation with Alipay for a hospital payment service channel, ICBC is supporting WeChat’s QR code payment and JD finance and Citic Bank have issued over 2 million co-branded credit cards called the ‘White Card’. We're also starting to better understand the potential business models for both sides.

June 25th 2018, Ant Financial launched its E-wallet cross-border remittance service based on blockchain technology. Customers using Alipay HK can transfer money in real time to another E-wallet Gcash based in the Philippines.

China's tech giants are increasingly focused on positioning themselves as technology providers rather than financial services providers. A recent 3-second blockchain remittance from Hong Kong to the Philippines, was supported by Alipay HK and Philippine's GCash, cleared by Standard Chartered. Caifu Hao, a wealth management platform launched by Ant Financial, opened their AI-functioned investment tools to fund companies. Tencent recently signed contracts with a few banks to provide a financial cloud structure for acquiring and managing growing clients.

The HK Virtual Bank License

Written by Leilei || June 20 2018

The Hong Kong Monetary Authority (HKMA) published revised ‘Guideline on Authorization of Virtual Banks’ on May 30th, 2018, opening the gateway of a new banking type – virtual bank.

Faith can move mountains, Ant too.

Written by Felix Yang || June 07 2018

Ant Financial was valued at $150 billion recently, making it the biggest unicorn globally. As it completed its most recent $10 billion financing, the company has made it clear that Ant’s future is being a tech provider to the financial industry. 

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