China: WeiyangX Fintech Review
Meituan to Close its Mutual Aid Platform
On January 15
th, China’s leading on-demand food delivery platform Meituan announced that it would close its mutual aid platform at the end of this month. Meituan launched this program in June 2019, providing a basic health plan covering several types of illness where participants could share the risk of being ill and the medical cost.
The program has helped 382 patients and attracted 15 million members over the past 18 months. From January 15th to 18th, Meituan will return the mutual aid funds shared by members. (
Source:
On January 20
th, 2021, a draft decision of the establishment of the Beijing Financial Court was submitted to the 25th meeting of the Standing Committee of the 13th National People’s Congress. The court aims to promote the implementation of the financial policy and improve the judicial system for finance-related cases. This will be China’s second financial court after the Shanghai
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Shanghai
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Yuan-yi
Sichuan
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