News
The latest China fintech news in English: daily briefings drawn from Chinese-language media and official sources, with what happened and why it matters.
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mBridge carries first e-CNY bunker fuel settlement in Zhejiang free trade zone
Bank of China’s Zhoushan branch used mBridge to settle a fuel supplier’s bunkering income in e-CNY against an electronic delivery note, a first for the Zhejiang Pilot Free Trade Zone.
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Hong Kong plans tokenised warehouse receipts pilot at HKEX in 2027
HKEX aims to pilot bank financing against tokenised warehouse receipts in 2027, and Hong Kong will connect its new OTC gold clearing system to RTGS before a first-quarter launch.
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Ant Digital releases LingDT-Decision-1.0, a decision model for risk control and finance
Ant Digital Technologies launched LingDT-Decision-1.0, a decision model in 4B and 27B versions that it says cuts token use by more than 90% versus LLMs on risk and customer service…
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Tenpay lets users of 60 overseas e-wallets pay at WeChat Pay merchants in China
Tenpay, which runs WeChat Pay, said users of 60 overseas e-wallets can now pay at its merchants in mainland China, and set out how its TenPayGo app serves inbound visitors.
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HSBC launches RedCoin stablecoin on PayMe, with tokenised fund access to follow
HSBC Hong Kong began rolling out its HKD stablecoin RedCoin in PayMe and plans to let customers buy a tokenised money market fund with it this year.
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e-CNY reaches data trading and housing funds with first deals in Beijing and Shanghai
Beijing’s big data exchange settled its first data trade in e-CNY, and CCB Shanghai launched e-CNY housing provident fund payments, pushing the digital yuan into corporate and government use.
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PBOC upgrades e-CNY infrastructure with central bank system and smart contract framework
The PBOC unveiled a central-bank-side e-CNY system and a smart contract framework as e-CNY transactions reached about 31 trillion yuan.
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Ant International launches AI SHIELD and AgentSafePay to secure AI agent payments
Ant International unveiled AI SHIELD, a security suite for cross-border merchants that includes a Know-Your-Agent framework and AgentSafePay, which covers losses from qualifying AI agent errors.
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Hengqin’s WeSure partners Malaysia’s Revenue IF on payments and insurance in Southeast Asia
Zhuhai Hengqin WeSure Digital Technology and Bursa-listed Revenue IF agreed to cooperate on cross-border payments and insurance business in Malaysia, Singapore, Indonesia and Thailand.
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Shenzhen publishes 53 financial AI solutions as WeBank passes 100 AI applications
Shenzhen’s fintech association released a catalogue of 53 financial AI solutions from 42 vendors, while WeBank and Ping An shared scaled deployments.
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