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Fintech News in China

01/04/2026

HSBC Appoints Max Xu and Samuel Chen to Lead Wealth and Private Banking in China https://fintechnews.hk/38141/fintechchina/hsbc-china-wealth-leadership-appointments/

HSBC appoints Max Xu and Samuel Chen to lead wealth and private banking in China, supporting onshore growth strategy.

26/03/2026

DBS and Bank of China to Deepen Cooperation on RMB, Trade, and Regional Finance https://fintechnews.hk/38019/fintechchina/dbs-bank-of-china-rmb-trade-finance/

DBS and Bank of China will collaborate on RMB, trade finance, fintech, and regional investment across Asia.

23/03/2026

China Adds 12 Banks to Digital Yuan Network as Adoption Push Continues https://fintechnews.hk/37899/fintechchina/china-digital-yuan-banks-expansion-ecny/

China plans to add 12 banks to its digital yuan network, as Beijing seeks to expand e-CNY use domestically and in cross-border payments.

18/03/2026

Ant Group Nears China Approval to Complete HK$2.8 Billion Bright Smart Deal https://fintechnews.hk/37875/fintechchina/ant-group-bright-smart-acquisition-china-approval/

Ant Group is close to securing China approval for its HK$2.8 billion acquisition of Bright Smart, nearly a year after agreeing the deal.

16/03/2026

Mastercard, Bank of Shanghai Launch Direct Cross-Border Payment Network https://fintechnews.hk/37867/fintechchina/mastercard-bank-of-shanghai-cross-border-payments/

Mastercard and Bank of Shanghai enable faster, secure, and multi-currency cross-border payments for SMEs, students, and families.

11/03/2026

SUNRATE Renames China Payment Unit Following Regulatory Approval https://fintechnews.hk/37830/fintechchina/sunrate-pay/

SUNRATE has renamed its China-licensed unit following regulatory approval, after acquiring Transfar Pay in 2025.

08/03/2026

China to Inject US$44 Billion into State Banks to Boost Tech and Curb Risks https://fintechnews.hk/37809/fintechchina/china-us44b-state-banks-tech-financial-risks/

China will inject US$44 billion into state banks to boost tech funding and tackle financial and property sector risks.

05/03/2026

HSBC Singapore Appoints Irene Zeng and Ying Wang to China-Focused Roles https://fintechnews.hk/37738/fintechchina/hsbc-singapore-irene-zeng-ying-wang-china-roles/

HSBC Singapore appoints Irene Zeng and Ying Wang to China-focused roles, strengthening support for Chinese businesses across ASEAN.

05/03/2026

DBS China Secures Underwriting Licence to Expand Bond Market Role https://fintechnews.hk/37774/fintechchina/dbs-bond-licence/

DBS China secures a principal bond licence, allowing it to lead non-financial corporate bond issuances in China’s interbank bond market.

12/02/2026

Alipay’s AI Payment Service Surpasses 120 Million Transactions in a Week https://fintechnews.hk/37526/fintechchina/alipay-ai-pay-120m-transactions/

Alipay’s AI Pay surpassed 120 million transactions in a week, showing the rise of AI payments across apps and smart devices in China.

06/02/2026

Visa to Enable Cross-Border Payments to 95% of UnionPay Cardholders in China https://fintechnews.hk/37406/fintechchina/visa-direct-unionpay-cross-border-china/

Visa Direct partners with UnionPay to enable cross-border payments to 95% of cardholders in Mainland China.

31/01/2026

LSEG and ICBC Deepen Ties in UK-China Financial Deal https://fintechnews.hk/37312/fintechchina/lseg-icbc-uk-china-financial-deal/

LSEG and ICBC sign MoU to expand cooperation in capital markets, cross-border RMB, sustainable finance, and data analytics.

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