Chinese banks have issued a total of 800 million credit cards as of the end of 2021, with outstanding loans totalling 8.62 trillion yuan ($1.29 trillion), according to the central bank

Setu, which enables users to securely share their financial data with banks and other financial institutions, is Pine Labs' third acquisition this year

China tech firms listed in Hong Kong rose as much as 2% on state support for the fintech industry before shedding gains

The country's lack of advanced technology was underscored by how many employers struggled to make the shift to remote work when the pandemic began, the IMF report said

The Open Network for Digital Commerce, launched in April, will allow customers place orders for goods and services and wants banks, venture capitalists and telecos to sign up

Officials in Shenzhen in China's southern Guangdong province are giving out millions in cash via the digital yuan to stimulate its pandemic-hit economy and use of the digital currency

Founded in 2013, Opn offers a digital payment system to merchants, enterprises, and financial institutions in Japan and Southeast Asia using blockchain

Republican-sponsored bill would ban US app stores from supporting apps that enable payment with China's digital yuan.

Covid lockdowns in China lifted Alibaba's earnings, thanks to surging demand for cloud services as millions of citizens work from home and shop online

ADDX uses blockchain and smart contract technology to tokenise and fractionalise pre-IPO equity, private equity and hedge funds, as well as bonds

Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%

The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback