China stocks closed higher on Monday, helped by strong industrial profit data that underscored a continued recovery in the world’s second-largest economy. ( read original story …)
FINANCE
Beijing moves to break up Jack Ma’s financial empire
Chinese regulators have ordered Jack Ma’s Ant Group to scale back its operations and focus on payments after accusing the fintech giant of “turning a bling eye” to compliance requ … ( read original story…
China’s Central Bank Orders Ant Group To Rectify Operations : Reports
China’s central bank has ordered Ant Group to rectify its operations and comply with regulatory requirements, according to several media reports. Billionaire Jack Ma’s Alibaba holds about 33 percent … ( read original story …)
China Tells Ant to Return to Its Roots, Imposes 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…
While China is knocking at the door of key trade agreement, will the US find its way in under Biden?
Neither China nor the US are included in CPTPP, a high-standards pact that includes e-commerce, intellectual property, labour and environmental rules. ( read original story …)
Beijing city authorities ban Airbnb-style lettings in neighbourhoods near the Forbidden City
The city said the new directive, which also places stricter controls on rentals in other parts of the capital, was motivated by security concerns. ( read original story …)
China financial regulators urges Ant Group to set ‘rectification’ plan swiftly
China’s financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it … ( read original…
‘The Elements of the China Challenge’: A Reply to Critics
November, the State Department’s Policy Planning Staff — I serve as the director — published “The Elements of the China Challenge.” The … ( read original story …)
China orders Ant Group to rectify businesses
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly … ( read original story …)
Trump blames China for financial strain on Americans as 14 million people lose unemployment because the president refused to sign into law a massive $900 million coronavirus …
President Donald Trump on Saturday night continued to refuse to sign into law a massive $900 million coronavirus relief bill. ( read original story …)
China Asks Ant to Return to Payments Services Origins
Chinese regulators imposed a series of requirements on Ant Group Co., including that the company returning to its origin of being a payments service provider and reforming lending, insurance and … ( read original story…
China Central Bank Urges Ant Group to Set ‘Rectification’ Plan Swiftly
China’s central bank urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to … (…
China economy picks up, but risks remain: World Bank
Following a sharp decline in the first quarter of 2020, economic activity in China has normalized faster than expected, aided by an effective pandemic-control strategy, strong policy measures and … ( read original story …)
