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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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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Financial Law second-reading draft opens for comment with overseas licensing rule
China’s Financial Law second-reading draft is open for public comment after the NPC Standing Committee session. The text requires overseas firms to get State Council financial regulator approval before offering…
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Shenzhen customs lets travellers pay inbound goods tax with foreign bank cards
Shenzhen Customs and Bank of Communications Shenzhen branch have launched smart tax terminals that accept foreign bank cards for inbound goods tax, with the first payment completed at Huanggang Port…
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CCB Shanghai completes first e-CNY remittance from an NRA wallet to Zurich
China Construction Bank’s Shanghai branch has completed the first digital yuan remittance from a non-resident account wallet, sending funds for commodities trader OPEN MINERAL AG to Zurich on the 数币达…
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PBOC tells NPC that e-CNY is deposit money and RWA tokenisation faces tighter rules
In a State Council report to the NPC Standing Committee, PBOC governor Pan Gongsheng said the digital yuan now sits as deposit money, Visa may prepare onshore clearing, and RWA…
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Hong Kong SFC will ban misleading crypto and trading titles after consultation
The Hong Kong Securities and Futures Commission will ask LegCo to expand restrictions on titles such as crypto exchange and virtual asset trading platform after a consultation that drew broad…
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HKMA and HKUST launch post-quantum cryptography toolkit as banks score 2.3 on readiness
The HKMA and HKUST released a Post-Quantum Cryptography Toolkit for banks on November 2. The sector’s first Quantum Preparedness Index score was 2.3 out of 10, with a target of…
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