China fintech news, briefly.
News, events and analysis on fintech in China: what happened, and why it matters.
Topics: Payments · Digital yuan · Digital banking · AI · Regulation · Big tech · Cross-border · Crypto & digital assets · Funding & IPOs · Wealth & insurtech
Regions: Mainland China · Hong Kong · Greater Bay Area · Global · Events calendar
Latest news
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HKEX will accept e-HKD margin payments in after-hours derivatives trading from December 14
Clearing participants in Hong Kong’s derivatives market will be able to pay advance margin during the after-hours session from December 14, using a payment option built on wholesale e-HKD.
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PBOC data show non-bank online payments fell to 78.47 trillion yuan in the third quarter
Licensed payment firms handled 78.47 trillion yuan of online payments in the third quarter, down from 80.11 trillion yuan in the second quarter, according to the central bank’s latest payment…
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UnionPay and Ant Group launch one terminal for Alipay Tap, bank cards, QR codes and e-CNY
China UnionPay and Ant Group have launched a jointly developed point-of-sale terminal that accepts Alipay Tap, domestic and foreign bank cards, QR codes and e-CNY on one device.
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JD Technology splits into separate cloud and fintech business groups
JD.com has split JD Technology into a cloud business group and a fintech business group, each reporting at the same level as JD Retail, according to people close to the…
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ICBC Asia completes Hong Kong’s first e-CNY remittance through CBETS
ICBC Asia says it has completed the first cross-border e-CNY remittance in Hong Kong through the CBETS platform, moving a corporate client’s funds from the mainland into its Hong Kong…
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Deep dive: Kunpeng delays put payment settlement under closer PBOC scrutiny
Delayed merchant payouts at Chongqing Kunpeng Payment have exposed the gap between where client funds sit and whether merchants are paid on time. A new PBOC off-site monitoring system, now…
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Standard Chartered pilots redemption financing for Ant International’s tokenised fund holdings
Standard Chartered Hong Kong has piloted a facility that pays Ant International cash when it redeems a tokenised money market fund, before the fund’s own settlement completes.
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SPDB e-CNY supervision tracks a 3 billion yuan AI sci-tech bond in Shanghai
Shanghai Pudong Development Bank converted the full proceeds of a 3 billion yuan, 10-year AI sci-tech bond into corporate e-CNY so it could trace each transfer during the fundraising stage.
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Kunpeng Payment sets November 9 restart for delayed merchant settlements
Chongqing acquirer Kunpeng Payment says it will begin settling verified merchant card trades from November 9 after a fund check, and warns merchants against paying anyone for faster payouts.
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PBOC halts Solana events in China and will investigate Shanghai Lujiazui ads
The People’s Bank of China says Solana’s brand campaign in Shanghai amounted to crypto marketing banned under its February notice. Planned Solana Accelerate China 2026 events were stopped before they…
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