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The battle for Chinese Fintech as China highlights blockchain in Five Year Plan, ramps up Ant and Tencent regulation, phases in e-CNY

The battle for Chinese Fintech as China highlights blockchain in Five Year Plan, ramps up Ant and Tencent regulation, phases in e-CNY

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central bank / CBDCChinacivilization and politicsenterprise blockchainsuper app
··1 min read

This week, we look at:

  • China’s Five Year Plan, the industrial logic of the system, and its ramifications for blockchain and fintech in the country

  • The regulatory challenges faced by Chinese tech companies, including the resignation of Ant Group’s CEO and the anti-competition fines for Tencent

  • The growth path of the e-CNY digital currency, as well as Beijing’s enterprise blockchain powering the city infrastructure and governance

  • Footnote: Stripe worth $95 billion, closing $600 million investment