Traders mulled a report that the government intends to break up Ant Group’s Alipay, a statement calling for better protection of gig economy workers’ rights and latest warning against blocking links t …
FINANCE
China to target biggest payment app Alipay in tech crackdown: Financial Times
Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants. Alipay — with …
China is already sending aid to Taliban-controlled Afghanistan, filling the gap the US left
Western powers like the US and UK have suspended aid programs to Afghanistan. China is pledging millions of dollars to help the Taliban.
Wealth Management linkage boosts integration in China’s capital market
The linkage might look like a simple step but in reality represents an important milestone in China’s growth path towards the elevation of its financial global standing to a level that matches an …
Greater Bay Area wealth channel launch seen as “milestone” in China market liberalisation
Hong Kong’s financial services industry and foreign asset managers are welcoming the long-awaited official launch of a wealth management channel in the Greater Bay Area that opens up opportunities to …
Beijing Blocks Blackstone, Backs Ant Consumer-Loans Breakout
The campaign against Big Tech continues in China, where Ant will likely have to carve out its consumer-loans business.
Stock market correction of 5%-10% ‘likely before year end’, Deutsche Bank survey finds – business live
Rolling coverage of the latest economic and financial news …
Disgruntled China Evergrande investors crowd headquarters in protest
SHENZHEN: Chaotic scenes erupted at the headquarters of cash-strapped developer China Evergrande Group on Monday (Sep 13), as roughly 100 disgruntled investors crowded its lobby to demand repayment of …
Alibaba Shares Drop As China Reportedly Seeks To Break Up Jack Ma’s Alipay
Chinese regulators want Ant to spin off its lending business and hand over its proprietary credit scoring data to a company part-owned by the state.
Ping An Named Insurance Company of the Year, ESG, China by The Asset
Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) is pleased to announce that the Group has been named Insurance Company of the Year, ESG, China at The Asset Triple A …
China Evergrande’s restructuring ‘quasi unavoidable’ amid distress as ‘free pass’ on debt binge ends
Investors focusing on Asian high yield and distressed bonds are circling China Evergrande Group as the developer seeks fresh capital to pull through its biggest survival test after accumulating more …
Integration with China’s financial market is Russia’s priority for next decade – Central Bank
The priority area is the development of integration with Asian markets, primarily with the Chinese financial market. With the assistance of the Bank of Russia, work will continue to develop …
Beijing bourse seen as elixir for capital market reform
The establishment of the Beijing Stock Exchange will help perfect China’s capital market system and improve its function of serving the real economy, paralleling the importance of the launch of the …
