The Front Page of Global Fintech

The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

This Month in Fintech - China (March 24’)

This Month in Fintech - China (March 24’)
REUTERS/Dado Ruvic/Illustration/File Photo

Hello again fintech friends,

Please find another month of Chinese fintech news, financings and product launches below.


Licensing & Regulations 


Financing, Investment & Acquisition 

  • GGV has announced two separate brands,  Granite Asia for their Singapore-based operation and Notable Capital for their U.S. team, approximately six months after announcing the split of their U.S. and Asia operations.
  • Cross payment provider Lianlian Digital has IPOed on the HK Stock Exchange. 
  • Ant Group is undergoing a restructuring which will make its international business more independent from other operations. 
  • Ant Group has made an additional investment of S$200 million (approximately US$148 million) into ANEXT Bank, its wholly-owned subsidiary and digital bank focused on serving small and medium-sized enterprises (SMEs).
  • China's central bank has approved Tencent Holdings' online payment platform Tenpay to boost its registered capital to 15.3 billion yuan ($2.13 billion). 

Product & Partnership Launches 


Other News 

  • Chinese regulators are urging banks to expedite the approval process for new loans to private property developers facing a shortage of funds. On the other hand, China's property crisis is driving private credit towards tech sectors.
  • Chinese President Xi Jinping was set to meet with a group of U.S. business leaders in Beijing last week, aiming to attract American firms in response to a decrease in foreign investment.
  • Bank of Singapore has appointed former Credit Suisse exec Ronnie Cheung as Greater China COO
  • Ant Group has appointed its former CFO Han Xinyi as the new president. 
  • Airwallex has expanded its US presence with new offices in New York/Austin and added three senior hires: Jason Gottlieb as VP and global head of financial partnerships, Hugo Buret as head of strategic partnerships, and Ankur Goel as global head of revenue operations.

👉 Want to sponsor a newsletter? See our sponsorship information here.


Why subscribe to This Week in Fintech?

• Join other execs from Visa, Plaid, Stripe, Robinhood, Revolut, Chime, Rapyd, and more to get the latest insights and deep dives.

• Learn from and collaborate with the world's largest fintech community, with 75,000+ members.

• Memberships start at $10 per month.


👉 Join today.