It’s the first step of Ant’s forced restructuring, with state-owned financial institutions being among the seven new shareholders.
Monthly Archives For June 2021
Fauci: Don’t be ‘accusatory’ with China on coronavirus investigation
Dr. Anthony Fauci warned Thursday that taking too “accusatory” a tone with China over investigating origins of the coronavirus could lead the authoritarian country to be even more reticent to share …
FC Barcelona thanks CSL side Shenzhen FC for allowing Jordi Cruyff to return
FC Barcelona has thanked the Chinese Super League (CSL) side Shenzhen FC, for their role in helping Jordi Cruyff return to the club. The son of iconic former Barca coach Johan Cruyff, who is …
Uyghur Woman Says China Forced Her to Abort Fifth Child
The women is one of dozens of expected witnesses who will testify at a U.K. tribunal investigating possible genocide against China’s Uyghurs.
Former Head of British Intelligence Says China Likely Destroyed Any Evidence of COVID Lab Leak Theory
Sir Richard Dearlove said it would likely be “difficult to prove” that the Wuhan lab in China was behind the leak.
US faces ‘another world war’ with China as Joe Biden slammed for weakness with Beijing
THE US and China could be headed for a military conflict amid tensions between the two powers, a political pundit has said.
Beijing court at forefront of eco-protection cases
Beijing No 4 Intermediate People’s Court heard a total of 28 public interest case concerning ecological and environmental protection from 2016 to Thursday, ranking at the forefront in the handling …
China Administering COVID Vaccines at Rate of 19 Million Shots Per Day
“They don’t have to say it is mandatory. They’re not going to announce that it’s required to have the vaccine, but they can put pressure on you,” said public health expert Ray Yip.
Jack Ma’s Ant Group receives consumer finance licence
Chinese regulators approved Jack Ma’s Ant Group to begin operating a new consumer finance company, in the first concrete sign of an easing of tensions with Beijing after Ant agreed to a “rectification …
Consumer finance firm of Ant Group approved for business
China on Thursday approved the opening of a consumer finance company of Ant Group a major financial services technology provider in …
China’s yuan slips against US dollar after Beijing taps financial tools to cool exchange rate
China unleashed tools from its foreign exchange arsenal this week to tame the yuan’s rise against the US dollar, but economists say Beijing faces an uphill battle long term.
China Development Bank sells 2 bln U.S. dollar onshore bonds
The China Development Bank (CDB), one of the country’s policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. The …
China’s copper smelters eye exports to offset expanding import losses
Negative domestic premiums and expanding import losses led Chinese copper cathode producers to sell more cathodes to ex-China markets, sources said June 3. S&P Global Platts assessed Chinese copper …
