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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.
Financial and risk management services provider XTransfer has raised $138m from a Series D funding round led by D1 Capital Partners.
One of the key recent trends in global insurance has been the growth of InsurTechs in emerging markets. Research by SwissRe previously forecasted that emerging market premiums would more than double over the next ten years and outpace advanced market premium growth by four times. Post-pandemic, is this forecast still relevant?
China has introduced Wealth Management Connect, a scheme that is looking to better connect its southern Guangdong province with neighbours Hong Kong and Macau.