BEIJING (AP) _ China Finance Online Co. (JRJC) on Tuesday reported a loss of $1.5 million in its third quarter. On a per-share basis, the Beijing-based company said it had a loss of 66 cents.…
FINANCE
China Finance Online Reports Third Quarter and First Nine Months of 2020 Unaudited Financial Results
PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading … ( read original story …)
China’s central bank vows to keep monetary policy consistent
China will implement a prudent monetary policy that is flexible, precise, reasonable and moderate, and keep it consistent, stable and sustainable, the central bank said. In a statement released after … ( read original story…
Taihecap Named Best Private Equity Adviser by Triple A Country Awards as First Primary Market Investment Bank Winner in 22 Years
The Asset, a leading Asian financial monthly, recently announced the winners of its Triple A Country Awards for China. Taihecap won the Best Private Equity Adviser award for its best-in-class … ( read original story…
China’s central bank says Ant Group to set up financial holding firm
China’s central bank said Alibaba’s fintech affiliate Ant Group is drafting a plan to set up a financial holding firm. ( read original story …)
Ant plans holding company with regulation similar to bank, sources say
BEIJING (BLOOMBERG) – Jack Ma’s under-seige Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with … ( read…
China’s central bank orders Jack Ma’s Ant Group to overhaul business
Beijing has ordered Ant Group to overhaul lucrative parts of its business after accusing the Chinese payments company of “turning a blind eye” to regulatory issues in the latest official broadside at … ( read…
China Tells Ant to Return to Its Payment Roots, Places Curbs
Chinese regulators ordered Jack Ma’s online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of … ( read…
China’s central bank makes rare public rebuke of Ma’s Ant Group
China’s central bank has accused Ant Group of “turning a blind eye” to regulatory compliance issues and ordered it to “rectify” its operations in the latest government broadside directed against Jack … ( read original…
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group
Alibaba has erased almost all its stock-market gains this year, just days after Chinese regulators signaled a major change in their posture toward the e-commerce behemoth and its finance affiliate, … ( read original story…
NetEase to shutter personal finance app Youqian in further retreat from finance-related services
NetEase, one of China’s first-generation tech giants, said it will close its personal finance app Youqian after several years of struggling to find a hit in the personal finance services space. The … ( read…
Shares of Alibaba, Tencent, Meituan take a hammering in Hong Kong as Beijing clips Ant’s wings, cracks down on monopolies
Hong Kong stocks declined on Monday as moves by Beijing to rein in the dominance of big tech sent Alibaba, Tencent and Meituan shares plummeting. ( read original story …)
As Asia embraces a zero-carbon future, Hong Kong must make a niche as a green finance hub
Trillions will be needed for China, Japan and South Korea, not to mention other Asian economies, to achieve carbon neutrality, Hong Kong’s financial sector has a critical role in helping to raise … ( read…
