# fintech
Latest news and articles about fintech
Total: 4 articles found
How China’s ‘Red Envelope’ Algorithm Levelled the Playing Field in the Hongbao Scramble
Chinese platforms adjusted hongbao allocation from pure randomness to a "double-average" cap that limits each claim to twice the remaining per-person average. The tweak reduces the early-grabber advantage, preserves randomness and keeps users feeling the distribution is fair while maintaining the ritual’s social and engagement value.
Shenzhen Moves to Crush Shadow Gold Trading: Crackdown Targets Pre‑set‑price, Leveraged and App‑Based Schemes
Shenzhen's financial regulator, with nine other municipal bodies, has banned a suite of off‑exchange gold trading practices — including pre‑set price reservations, leveraged and deferred trades and app‑based schemes — and ordered firms, individuals and payment providers to stop or regularise such activities. The directive cites multiple national laws and warns of criminal referrals for violations, signaling a broader clampdown on informal, technology‑enabled retail financial products.
Shenzhen Moves to Quash Online Gold Scams — Bans Hype, Apps and Pre‑Pricing Schemes
Shenzhen has issued a public notice banning illegal gold pre‑pricing schemes, leveraged and deferred trades, misleading online marketing and the development or support of unlawful gold‑trading apps. The move targets tech‑enabled distribution channels and warns banks and payment firms to refuse service to illegal operators while pointing retail investors toward authorised gold ETFs, futures and physical purchases through accredited sellers.
Alipay Issues Tap‑to‑Send 'Red Envelope' Card — A Physical Key to Fee‑Free Lunar New Year Gifting
Alipay launched a physical 'tap' red‑envelope card on Jan 29 that lets users send and receive digital red packets by tapping their phones, with zero fees. The card is a marketing and engagement play aimed at converting offline gifting rituals into sustained digital payments activity, while raising routine security and data‑privacy considerations.