Fintech China

Fintech China Fintech News in China

Discussions focused on aligning green finance taxonomies, encouraging cross-border capital flows, and using technology t...
14/07/2025

Discussions focused on aligning green finance taxonomies, encouraging cross-border capital flows, and using technology to support decarbonisation.

Read here: https://fintechnews.sg/113861/green-fintech/singapore-china-green-finance/

The Monetary Authority of Singapore and the People’s Bank of China committed to strengthening collaboration in green and transition finance

This feature supports growing demand for cross-border payments into China, which remained one of the world’s top five re...
08/07/2025

This feature supports growing demand for cross-border payments into China, which remained one of the world’s top five remittance destinations in 2024, receiving an estimated US$48 billion.

Read here: https://fintechnews.sg/113531/china/revolut-china-alipay/

Revolut has teamed up with Ant International to let users around the world send money to China in Chinese Yuan using Alipay.

The service supports transactions in Hong Kong dollars and Renminbi, and operates in compliance with the legal and regul...
24/06/2025

The service supports transactions in Hong Kong dollars and Renminbi, and operates in compliance with the legal and regulatory frameworks of both jurisdictions.

Read here: https://fintechnews.hk/34467/payments/payment-connect-launch-hk-mainland/

Payment Connect enables real-time cross-boundary payments between Hong Kong and Mainland China, supporting HKD and RMB remittances.

The head of China's central bank has promised to boost the global adoption of the digital yuan and called for the develo...
19/06/2025

The head of China's central bank has promised to boost the global adoption of the digital yuan and called for the development of a multi-polar global currency system, where several currencies dominate the world economy.

Read here: https://fintechnews.hk/34395/fintechchina/china-digital-yuan-currency-shift/

China pushes for a multi-polar global currency system, ramps up digital yuan adoption and builds financial networks independent of the West.

UOB’s direct access to CIPS streamlines cross-border RMB transactions with real-time settlement, lower costs, and broade...
19/06/2025

UOB’s direct access to CIPS streamlines cross-border RMB transactions with real-time settlement, lower costs, and broader global reach for businesses.

Read here: https://fintechnews.sg/112921/china/uob-china-cross-border-payment/

UOB and its subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS)

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