Standard and Poor's has lowered China's sovereign credit rating due to risks associated with its increasing debt, but said its long-term outlook for the country remained "stable."
Big third-party payment firms, P2P lenders likely to come under PBOC oversight.
With more banks offering services for inclusive finance, companies offering credit reporting systems based on big data analysis will benefit, said analysts.
Alibaba Group Holding Ltd is betting big on the fresh produce market by upping the ante in a major fresh food e-commerce platform.
Chinese mobile payment leaders Alipay and WeChat Pay are engaged in a weeklong battle from Aug. 1 to Aug. 8 to encourage consumers to use their e-wallet solutions amid an escalating duel for digital payment supremacy.
The Chinese Ministry of Finance on Wednesday issued guidelines allowing local governments to issue special bonds.
China United Network Communications Group Co, China's second-largest mobile carrier by subscribers, has set up two operating centers to deepen cooperation with Alibaba Group Holding Ltd and Tencent Holdings Ltd.
First, it was The Cheesegrater; then, The Walkie-Talkie. Now, industry analysts are asking what will be next as Chinese commercial property investors snap up London landmarks. The Gherkin? The Shard?
In China, QR code is popular and has become dominant in the digital payment sector. It is the preferred method of both merchants and consumers, online and offline.
Xiaomi announced Friday that its wholly owned subsidiary Xiaomi HK Ltd has signed a three-year $1 billion syndicated loan agreement with 18 banks.