China’s top banking watchdog doubled down on a renewed push to rein in financial technology companies such as Ant Group Co., promising to eliminate monopolistic practices and strengthen risk controls … ( read original story…
FINANCE
Jack Ma, Show Them How to Run a $280 Billion Bank
How bad is the damage from China’s plan for Ant Group Co. to become more like a bank? Before regulators put the brakes on the planned initial public offering, Jack Ma’s fintec … ( read…
China Market Update: Revenge Of The Value Nerds As Singles Day Kicks Off
Asian equities were mixed with Japan, Singapore, Malaysia, and Thailand outperforming while Mainland China and Taiwan lagged. Growth/WFH names are being smashed globally to fund reopening/value stocks … ( read original story …)
Ping An: China’s SMEs Need Financial and Technological Boost for Digital Transformation
Company of China, Ltd. (hereafter ” Ping An ” or the “Group”, HKEX: 02318; SSE: 601318) announced that the latest report from the Fudan-Ping An Research Institute for Macroeconomy has found China’s … ( read…
Sustainable finance has a long-term future in China
China’s top environmental and financial regulators jointly issued the “Guiding Opinions on Promoting Investment and Financing in Response to Climate Change”, which says that a preliminary scheme of … ( read original story …)
China Import Fair Sees $72.62 Billion Worth of ‘Intentional’ Deals Signed, Says State Media
The third China International Import Expo (CIIE) saw $72.62 billion worth of “intentional” deals signed at the event this year, up 2.1% over the prior year, state news agency Xinhua reported on … ( read…
The race to be China’s top fintech platform: Ant vs Tencent
As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, … ( read original story …)
China’s October PPI falls faster than expected
China`s factory-gate prices declined at a sharper-than-expected rate in October year-on-year, while consumer inflation eased to its slowest since 2009, data showed on Tuesday, underscoring the fragile … ( read original story …)
China’s business environment largely improved in past five years
China has largely improved its business environment during the 13th Five-Year Plan (2016-2020) period with enhanced innovation to better service efficiency. ( read original story …)
China’s inflation rate seen falling sharply on lower pork prices, subdued consumer demand
Amid a continued drop in price pressures in the current economic recovery, some economists have warned of rising risks of deflation unless Beijing maintains a sufficiently loose monetary policy to … ( read original story…
Commentary: This young, successful city marks a new era of how China does business
Early this month, on the 40th anniversary of Shenzhen’s designation as a special economic zone (SEZ), Chinese President Xi Jinping unveiled a blueprint for building the city into a trade, finance, and … ( read…
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital
The discussion of China’s digital yuan at a regional-level conference indicates the pilot is being included in state-level planning. ( read original story …)
Brainard Faces China Questions If Biden Picks Her for Treasury
Lael Brainard may face scrutiny over her dovish comments about China as a top Obama administration official if President-elect Joe Biden chooses her to be Treasury Secretary, but people familiar with … ( read original…
