source with a fund management company told Beijing Morning Post that
they had received an order from regulators, telling them to disable the
transaction functions of their Mini Apps, which should only be used to
display products. As for account opening services, the Mini Apps were
only allowed to support URL redirection for this purpose.
The measure was taken out of security considerations and should be
implemented immediately, it was added.
On January 9, Internet giant Tencent officially launched Mini Apps
within its popular instant messaging app WeChat to create a lightweight
way for businesses to reach consumers. The Mini Apps do not require
installation. Users can open them simply by scanning QR codes or
searching from their WeChat accounts. Each Mini App is less than 1MB in
The first batch of fund management companies to roll out Mini Apps
included China Asset Management, Harvest Fund, China Southern Asset
Management, GF Fund Management, Yinhua Fund Management and CCB Principal