In 2015, China started allowing qualified investors to set up privately funded commercial banks, which might be the largest change in China's state-dominated banking sector in the recent decade. The privately-owned banks are said to break the monopoly of existing state-owned banks, as well as...

In this article, the author tracks developments in bitcoin trading and considers regulatory responses.Key Points:● 2017 has witnessed a so-called bitcoin bubble, as entrepreneurs and professional investors rushed into the market to take a bet on the upcoming cryptocurrency age. The price of a...

The financial industry has witnessed the so-called “fintech revolution” in recent years. Due to the emergence of information technologies such as cloud computing, big data, blockchain and artificial intelligence, the landscape of the traditional financial industry has been largely...

The existing literature on central bank digital currencies (CBDC) focuses mostly on relevant regulatory issues in a domestic context. However, digital yuan or digital renminbi, the CBDCs issued by China which is the world’s second-largest economy as well as the first mover in this game, will...

China now has a gigantic financial industry worth trillions of dollars. Its banks and insurance companies are among the largest in the world. It also holds three of the most active stock exchanges and thousands of public companies. Fintech firms have sprung across the country including top...

This article provides an in-depth and comprehensive analysis of regulatory measures taken by the US Government to mitigate the negative effects of the Coronavirus pandemic (COVID-19) on its economy and financial markets. It focuses on the actions of the US Securities and Exchange Commission...

The COVID-19 pandemic has accelerated the growth of digital economy and fintech companies, as more people tend to use online or APP-based financial services. This article discusses the regulation of fintech businesses during the pandemic, by using Ant Group as an example, when Chinese regulators...

The ongoing Evergrande debt crisis has been widely dubbed as China’s Lehman Brothers moment as the Chinese corporate conglomerate failed to pay interest on its corporate debt worth £228bn. The case of Evergrande reflects the tightly intertwined connection of financial markets and the real...