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Cross-border payments firm Thunes has revealed plans to substantially speed-up its expansion in Greater China as it deepens its global operational footprint.
China’s State Administration of Foreign Exchange has reportedly fined Tenpay, which is owned by Tencent Holding, for foreign exchange rules violations.
The China Banking and Insurance Regulatory Commission (CBIRC) has asked banks in China to strengthen risk management in supply chain finance transactions.
The European Commission and China have completed the initial phase of a project to create a common taxonomy for sustainable finance.
The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.
Prodigy Finance, which helps students access international student loans, has reportedly collected $750m in a funding round.
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.