The weekly WieyangX Fintech Review, as reported by Crowdfund Insider, covers recent fintech updates from China; the People’s Bank of China has made plans for a unified credit platform by end of 2017; Chinese fintech Rong360 had their subsidiary Jianpu Technology listed on the NYSE, becoming the sixth IPO recently; JD Finance, through their subsidiary Jing Dong Xu Hang Online Lending Information & Intermediary Service Ltd., is finally getting into the P2P Lending market. Source.
China's central bank provided its insight on fintech development initiatives for the country in a recent press conference; the press conference included four of the central bank's government officials including Zhou Xiaochuan, governor of the People's Bank of China; the central bank reported that it encourages and supports fintech development in the country; it spoke about some of its initiatives including a digital currency and other new blockchain solutions; it also noted its work to strengthen regulation specifically in the areas of unlicensed businesses and third-party payment platforms. Source