The Ant Group is the world’s largest Fintech company, and the most innovative. They pioneered many new forms of digital finance, faster and bigger than anyone else. Then, the authorities in Beijing … ( read…
FINANCE
China’s co-op with BRI countries shows strong vitality amid COVID-19 pandemic
China’s cooperation with Belt and Road countries has shown strong vitality during the COVID-19 pandemic, and so far, China has signed 201 cooperation documents on joint … ( read original story …)
U.S., Taiwan to Push an Alternative to China’s Belt and Road
An informal U.S.-led alliance to provide an alternative to China’s Belt and Road Initiative will provide greater transparency to countries seeking funding to develop their infrastructure, Taiwan’s … ( read original story …)
U.S.-China Relations Haven’t Been This Toxic Since Vietnam
The two governments have been reduced to trading insults and taunts, closing consulates, and mounting demonization campaigns for the benefit of their respective domestic audiences. ( read original story …)
A new Belt and Road? US, Taiwan hook up to counter China’s effort
Taiwan and the US plan to fund infrastructure projects in developing markets in response to China’s growing influence. ( read original story …)
China’s former central bank chief urges revamp of modern central banking
Zhou Xiaochuan, who was the head of People’s Bank of China (PBOC) for over 15 years, supports reform of the way inflation is defined and measured. ( read original story …)
China to make financial services more accessible for elderly
China will roll out a raft of measures to make financial services more accessible for the elderly and help the group tackle the digital divide, according to the country’s central bank. Measures to … (…
China’s central bank could intervene after ‘glaring’ state-firm bond defaults, analyst says
The PBOC previously warned that reliance on borrowing to make debt repayments by some large firms could present a risk to the entire economy. ( read original story …)
China conducts this year’s 11th central bank bills swap
The People’s Bank of China, the central bank, said it would conduct this year’s 11th central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial … (…
Stocks to Watch: M&M, Indiabulls Housing Finance, FMCG, auto shares
SBI chairman Dinesh Kumar Khara has said he expects the Indian economy to have shrunk 8-9% in Jul-Sep, less than the 23.9% contraction seen in June quarter. The GDP data for the September quarter is…
Singapore Pushes Digibanks in Face of China, U.S. Crackdown
Singapore’s financial regulator will stick with its plans to award digital banking licenses by the end of the year, undeterred by tightening scrutiny in China and the U.S. that’s hitting major Chinese … ( read…
China Braces for More Defaults Among State Firms in 2021 — That Could Be a Good Thing
Fitch Ratings said the number of defaults among Chinese state-owned enterprises could “rise marginally” in 2021 as funding conditions tighten. ( read original story …)
How AI and big data helped China’s tech giants dominate consumer finance
The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring. ( read original story …)
