Regulation
China fintech regulation: rules and policy from the PBOC, NFRA, CSRC, CAC and Hong Kong’s HKMA and SFC (金融监管).
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NIFA names eight lending apps over “low threshold” ads in first notice under online marketing rules
The National Internet Finance Association has named eight lending apps for using the banned phrase “low threshold” in ads. It is the first such notice since China’s online financial marketing…
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SAFE draft would let payment firms handle FX for market procurement and foreign trade service exports
A SAFE draft notice released on November 2 would let licensed payment institutions handle foreign exchange for market procurement trade and foreign trade service companies, beyond cross-border e-commerce. Comments close…
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Payment apps from six licensed firms named by Shanghai regulator over personal data and complaints
Seventeen apps and mini programs from six licensed payment institutions, including Allinpay, 99Bill, SandPay and Fuiou, were among 41 named by the Shanghai Communications Administration for infringing user rights.
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Financial Law draft returns to China’s legislature with rules on online marketing and cross-border finance
China’s draft Financial Law goes to a second reading at the NPC Standing Committee session on November 2 to 6. The revised text adds rules on online marketing and tighter…
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AI agent pledge by 15 Chinese banks and tech firms bars unauthorised control of finance apps
A joint initiative from the Beijing Fintech Industry Alliance and 15 institutions, including five large state-owned banks, Huawei and Alibaba Cloud, says AI agents must not read screens or simulate…
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Chinese banks cut new loan facilitation partners as 19 platforms pass fund audits
Chinese banks are moving many loan facilitation partners to run-off status on their public lists, while 19 platforms have filed audits showing no diverted repayments.
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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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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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CSRC to issue rules on safe AI use in China’s securities and futures industry
China’s securities regulator says it will soon publish an opinion on the safe and compliant use of AI by brokers, fund managers and futures firms.
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