Date
17 October 2017

Online futures financing nears, paper says

Internet financing for the futures industry is a step closer after China CIFCO Investment Co. Ltd. made it to the first batch of candidates awaiting regulatory approval, Shanghai Securities News reported Thursday, citing unnamed sources. China CIFCO, which holds 19.76 percent of China International Futures Corp., has been in talks with China Unicom on an alliance, a precondition for a virtual financing license. Also on the short list are GOME and JD.COM, the report said. Licensed companies will be allowed to offer internet financing by leasing internet infrastructure from telecom operators.   

– Contact HKEJ at [email protected]

KZ/AC/RA

 

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