This week’s WeiyangX’s Fintech Review in Crowdfund Insider covers a Reform plan by China to combine the China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC) into one entity; Ant Financial struck an agreement with Pakistan’s Telenor Group to acquire 45 percent of Telenor Microcredit Bank for more than $184mn; JD Finance is raising more than $2bn for license acquisition, research and marketing; China is also looking to establish a standardization committee for uses of blockchain technology. Source.
