China Construction Bank pulls US$3 billion blockchain debt programme amid scrutiny on fintech, financial risks


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Chinese lender has notified the Labuan regulator about its decision to stop the digital bond programme, Fusang Exchange says Decision came on the verge of financial breakthrough just as regulators started tightening oversight of fintech risks China’s second-largest lender halted a US$3 billion digital bond programme on the verge of a financial breakthrough, getting cold feet amid scrutiny on fintech and financial risks. China Construction Bank (CCB) has decided to pull a US$3 billion digital bond programme on a blockchain platform, getting cold feet on the eve of a market breakthrough, amid a clampdown on technology companies and their financial...