INTERNET FINANCE

ASEAN Financial Services Embrace Digital Transformation

31 January 2022

Shenzhen Sunline Tech Co, incorporated in Shenzhen in 2002, is a leading mainland supplier of fintech solutions. Matthew Chen, CEO of its holding company in Hong Kong, saw considerable room for fintech development in ASEAN countries, with their huge populations but relatively backward banking systems. Benefiting from the GBA policy incentives, Sunline Tech plans to make Hong Kong its regional headquarters for ventures into Southeast Asia. More

hktdc research

More Online Lending Platforms Set to Close Down

03 February 2016

According to statistics, of the online lending platforms newly set up in 2015, 894 were found to be involved in dubious business activities, adding up to a total of 1,253 dubious platforms in the peer-to-peer (P2P) lending sector. Currently, there are 1,962 platforms operating in the sector and the elimination rate of P2P lending platforms is said to be 39%. More

hktdc research

Shanghai Suspends Internet Finance Platforms Registration

20 January 2016

As the risks of new wealth management platforms such as internet finance have been exposed more and more frequently, government authorities across the country have begun to tighten their grip at source. More

hktdc research

Central Bank Guidelines on Promoting Internet Finance

02 December 2014

Pan Gongsheng, deputy governor of the People’s Bank of China, revealed on 26 November that currently the People’s Bank is taking the lead in formulating a set of guiding opinions for promoting the healthy development of internet finance. More

hktdc research

Internet finance mentioned for first time in government work report

14 March 2014

In the government work report submitted for consideration at the second plenary session of China’s 12th National People’s Congress (NPC) on 5 March, “promoting the healthy development of internet finance” was mentioned for the first time. This shows the government’s support for this “market innovation”. More

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