Success in the yuan’s internationalisation would give Chinese policymakers some things they’ve long dreamed about: the use of the renminbi as a global reserve currency and a challenge to the US dollar … ( read…
FINANCE
Green financing to help drive China’s 2060 push for carbon neutrality
Sustainable financing is becoming ‘more mainstream’ and ‘more common’ in investment portfolios, according to panellists at the Post’s Asia Sustainability Conference. ( read original story …)
China Considers 5% Annual GDP Growth Target for Next Five Years: Sources
China’s policymakers are close to setting an average annual economic growth target of around 5% for the next five years, at the lower end of ranges previously considered as global risks cloud the … (…
Beijing’s anxiety results in suspension of Ant Group’s $34.5B stock offering
Regulators suspended Ant Group’s record-setting $34.5 billion stock offering two days before trading was due to start in order to “maintain the stability of the capital market a … ( read original story …)
Ant Group fiasco reflects battle for China’s financial soul
China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant and its charismatic leader … ( read original story …)
China-US rivalry: Beijing banking on ‘disruptive technologies’ for a military edge, observers say
Speeding up the development of ‘strategic forward-looking disruptive technologies’ is a focus of the country’s latest five-year plan. ( read original story …)
Debut of Chinese e-finance giant derailed by fear of risks
The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing’s anxiety about risks in the fledgling industry, jarring global investors and … ( read original story…
China halts Ant Group’s $37bn listing
China called a halt to the $37bn (£28.5bn) listing of Ant Group on Tuesday (3 November), after billionaire founder Jack Ma was called to a meeting with financial regulators. The Ant Group IPO this ……
China Is Planning a Bigger Ant Crackdown With Bank Funding Curbs
The shock suspension of Ant Group Co.’s $35 billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma. ( read original…
China Plans Deeper Ant Crackdown With Bank Funding Curbs
The shock suspension of Ant Group Co.’s $35 billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma. ( read original…
China’s dramatic suspension of Ant listing to hurt business outlook, valuation
China’s shock suspension of Ant Group’s record $37 billion listing in a last-minute regulatory ambush looks set to hit the financial technology giant’s growth prospects and cut … ( read original story …)
Ant Group: China’s fintech flyer grounded by regulators
Set for a record-busting $34 billion IPO in Hong Kong and Shanghai, Ant Group has had its wings summarily clipped by Chinese regulators. ( read original story …)
Beijing, not Washington, is the biggest challenge for Chinese fintech giants like Ant
Ant Group’s blockbuster IPO was poised to be a major milestone for a homegrown champion. But officials in Beijing have had other ideas. The Shanghai Stock Exchange announced late on Tuesday (Nov. 3) … (…
