The planned stock market debut of the world’s biggest online finance company, Ant Financial was suspended in Shanghai and Hong Kong, disrupting a record-setting $34.5 billion … ( read original story …)
FINANCE
Alibaba Drops After China Suspends IPO of Finance Affiliate Ant
Alibaba Group Holding Ltd.’s U.S.-traded shares tumbled as much as 9.7% Tuesday after Ant Group Co., the finance affiliate also founded by Jack Ma, said its listings in both Shanghai and Hong Kong … (…
Market debut of Chinese e-finance giant Ant Group postponed
The planned stock market debut of the world’s biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting $34.5 billion initial public … ( read original story…
China’s Ant Group Faces Regulatory Scrutiny Ahead Of Trading Debut
“China’s financial system is in the phase of strengthening regulation and controlling risks,” says Zhu Ning, a professor of finance at Shanghai Jiao Tong University. “Ant Group’s business may not be … ( read original…
China shares end higher, boosted by financial, material stocks
Chinese shares ended higher on Tuesday, led by gains in material and financial stocks, as investors bet more on a swift economic recovery from the pandemic and upbeat sales outlook for new energy cars ……
China Envisions a New Hong Kong, Firmly Under Its Control
The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy. ( read original story …)
The Mobile Finance Report 2020: Get the key insights you need to propel your fintech business
Get the key insights you need to propel your fintech business Team YS The banking and finance sector across the world is witnessing disruption by mobile app and fintech companies. Right from … ( read…
Ahead of giant IPO, China’s Ant faces key question: What is it?
Chinese regulators met executives including billionaire Jack Ma, reportedly said it would be treated as financial firm. ( read original story …)
Material, financial stocks boost China shares; Hong Kong up
Chinese shares rose on Tuesday, led by gains in blue-chip financial and material companies, as investors bet more on a swift economic recovery from the pandemic. HK->Shanghai Connect daily quota used … ( read original…
Beijing puts Ant on a shorter leash
Days ahead of the company’s record-setting $34 bln IPO, founder Jack Ma was hauled in by regulators for a chat. Newly unveiled rules also would treat tech middlemen more like banks. It’s the clearest ……
College Board to sever financial ties with China after Blackburn letter
College Board, the entity responsible for developing SAT and AP tests, will sever financial ties with the Chinese Confucius Institute Headquarters (Hanban) at the end of … ( read original story …)
Fin or tech? China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
A spinoff from billionaire Jack Ma’s Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview. ( read original story …)
The growing U.S. deficit raises questions about funding as China cuts U.S. debt holdings
The U.S. deficit is burgeoning and it’s set to grow much bigger with a planned second stimulus package to beat the pandemic fallout. ( read original story …)
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