In a first for the country's banks, one of China's big-four lenders taps fintech to provide a loan online. The bank says using technology will offer businesses in the agriculture sector easier access to liquidity.
With 60 banks now part of the Swift global payments initiative (gpi) network carrying out payments worth $100 billion a day, real-time cross-border funds transfer with full traceability is on the horizon
If you want to see IFRS in action, look no further than the estimated $100bn Xiaomi mega-IPO. The Chinese tech giant's growth in value can look like accumulated losses depending on your accounting standard.