China’s digital payment landscape has experienced remarkable growth over the past decade, transforming how individuals, businesses, and financial institutions execute transactions. Platforms such as Alipay and WeChat Pay revolutionized domestic payments, creating a highly efficient and accessible ecosystem for digital commerce. Building on
A former software developer has been sentenced to four years in prison for sabotaging his former employer’s network after leaving the company. Davis Lu, 55, was convicted of installing a “kill switch” on the network of his former employer by planting malicious code designed to
Nearly ten years ago, Hong Kong’s fintech scene looked nothing like the vibrant ecosystem it has become today. When Alvin Kwock, co-founder of digital insurer OneDegree, attended the first-ever Hong Kong FinTech Week in November 2016, the event took place in a modest
Across the world, governments, companies, and financial institutions are turning their attention to blockchain infrastructure pilots that promise to reshape digital services, supply chains, payments, and public administration. What was once a niche technology associated mainly with cryptocurrency is now entering a new
The relationship between the United States and China continues to dominate global news, with political disputes, trade friction, and cultural controversies appearing almost daily. This week alone produced a wide range of headlines touching everything from agricultural strain and high-level diplomacy to online
China has strengthened its long-standing tough stance on cryptocurrencies, making it clear that the country will not loosen restrictions on virtual currencies anytime soon. At the Financial Street Forum in Beijing, Pan Gongsheng, governor of the People’s Bank of China, issued a strong
As China expands the use of its central bank digital currency, the digital RMB is moving beyond consumer payments and gradually entering the core operations of businesses. What started as a pilot for retail transactions is now transforming into a tool that enterprises
China’s digital RMB is entering a new phase of development as enterprise-level integration pilots expand across multiple provinces and major industries. What began as a consumer-focused experiment aimed at improving payment efficiency is now evolving into a broader strategic initiative that links businesses,
Ant Group’s chairman Eric Jing Xiandong used this year’s Hong Kong Fintech Week to spotlight the company’s progress in tokenisation, underscoring how blockchain-based settlement mechanisms are becoming more deeply embedded in financial infrastructure. Speaking before an audience of industry leaders, policymakers, and global
Bitcoin mining is experiencing an unexpected resurgence in China, despite the country officially banning all mining activities in 2021. According to miners and industry tracking platforms, both individuals and registered companies have found ways to resume operations in provinces where electricity remains inexpensive
