China: WeiyangX Fintech Review

Huabei announces plans to promote agriculture

March 29e, Huabei, Ant Group’s consumer credit platform, has announced the launch of a series of agricultural promotion plans. For example, Huabei will offer consumer subsidies and platform traffic to help farms sell more produce. In addition, Huabei will also provide short-term interest-free loans to help farmers reduce financial pressure when purchasing agricultural production materials.

According to Huang Hao, senior vice president of Ant Group, promoting agricultural development through consumption will be a priority for the Fintech giant in 2021. (Source: 36 Kr)

Beijing’s international big data exchange officially established

March 31st, Beijing International Big Data Exchange was officially established. The Beijing Financial Holdings Group led the launch of the exchange with guidance and support from the Beijing Municipal Economics and Information Technology Bureau, the Beijing Municipal Financial Labor Bureau and the Beijing Administration. Beijing cyberspace.

As the first big data exchange in China, the platform aimed to be the primary data exchange infrastructure and an international hub for cross-border data flows. On the same day, the Beijing data exchange system was put into operation. The system will offer data cleansing, supply and demand matching, legal advice, value assessment based on a blockchain and privacy service system. (Source: Xinhua.net)

Guandata Closes 100 Million Yuan B + Funding

March 29e, Guandata announced the completion of the B + cycle financing of 100 million yuan. The investment was led by Unicorn Capital Partners, with participation from existing shareholders Sequoia China, Xiang He Capital and Linear Capital.

Founded in 2016, Guandata is committed to providing next-generation data analysis and business intelligence (BI) solutions. At present, Guandata has entered into cooperation with more than 200 brands, including Unilever, Wal-Mart, LVMH, Wangfujing Group, Anta, etc. (Source: lieyun)

People’s Bank of China announces plans to promote carbon neutrality

The 1st of Aprilst, Liu Guiping, vice-governor of the People’s Bank of China, outlined a series of plans the central bank will pursue to help achieve peak carbon emissions by 2030 and carbon neutrality by 2060. Here are some key points of these plans: (Source: PBCSF)

  • Establish a national carbon accounting system;
  • Encourage financial institutions in the pilot green finance zone to disclose environmental information;
  • Build a national carbon emissions trading market;
  • Perform a green financial performance assessment vis-à-vis the financial institution;
  • Gradually integrate the risk of climate change into a macroprudent political framework;
  • Further deepen international cooperation;
  • Promote green financial reform and innovation.

The above is a weekly summary of the biggest Fintech stories in China provided by WeiyangX, which is part of Tsinghua University, in partnership with Insider Crowdfund.

WeiyangX is the most influential Fintech website in China. The site covers the latest Fintech news, industry data analysis, business practices and in-depth Fintech cases. WeiyangX is incubated by Fintech Lab. Founded by the People’s Bank of China (PBC) School of Finance at Tsinghua University in 2012, the Fintech Lab is the first and leading research entity dedicated to cutting-edge best practices, promoting interdisciplinary innovation. and the encouragement of entrepreneurship in the field of fintech through scientific research and innovation. incubation of projects.


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About Juana Renfrow

Juana Renfrow

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