Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home. Controlled ……
FINANCE
China's banking regulator to step up protection after cyber attack
BEIJING China’s banking regulator said on Wednesday it will strengthen cyber security protection at banks to prevent “disruptive systemic risk events” after the global WannaCry “ransomware” attack infected more than 300,000 computers in 150 countries.…
BRIEF-China Financial Services updates on entering subscription agreement
May 17 China Financial Services Holdings Ltd : * Company and China United SME Guarantee Corporation entered into subscription agreement * Net proceeds of subscription, after deduction of related expenses, will be approximately HK$165.0 million…
China's April outbound investments slow further despite Belt and Road push
BEIJING China’s April non-financial outbound direct investment (ODI) fell 71 percent from a year earlier as the government maintained a tight grip on funds leaving the country despite a high-profile outward push through the Belt…
China Cannot Finance the Belt and Road Alone
There is no doubt that Asia needs infrastructure. The Asian Development Bank (ADB) recently increased its already very high estimates of the amount of infrastructure needed in the region to 26 USD trillion in the…
Goldman Builds China Financial-Stress Index and, Yes, It's Risen
Economic growth hit can be limited if stress dissipates fast With China’s leadership focused anew on curbing the economy’s leverage, Goldman Sachs Group Inc. analysts are rolling out a new gauge of stress in the…
BRIEF-China Finance Online says CFO Jeff Wang resigned
* China finance online co ltd – has started conducting a search for a new chief financial officer. Source text for Eikon: Further company coverage: Our Standards: The Thomson Reuters Trust Principles Next In Market…
No timetable set for Ant Financial listing
“We do not set a concrete timeline for the IPO,” said the company in a text reply to China Daily. Ant Financial－which owns a digital wallet service, a wealth management fund, and a micro loan…
China Pumps $24.7 Billion Into Financial System — Update
SHANGHAI – China’s central bank made its biggest one-day cash injection into the country’s fragile financial markets in nearly four months Tuesday, a fresh sign that Beijing is trying to mitigate the damage to investor…
As China Pumps Liquidity, Concerns Over Financial Tightening
As China is reported to have pumped $24.7 billion of liquidity into its financial system Tuesday to boost investor confidence, an HSBC report dives deeper into concerns regarding financial tightening among Chinese economic thinkers. On…
China capable of maintaining financial market stability: Premier Li
Chinese Premier Li Keqiang said Sunday the country is capable of maintaining financial market stability and warding off regional and systemic financial risks. China will strike a balance between financial stability, gradual deleveraging and stable…
New Bank Serves As Financial Catalyst For Central Asia’s “Belt And Road” Development
Regional experts believe the reluctance of the United States, EU and others to give Beijing more of a say in the operations of existing financial institutions was a significant factor in prompting China to push…
China banking regulator tightens rules on WMPs, flags more curbs
SHANGHAI China’s banking regulator is tightening disclosure rules on lenders’ wealth management products (WMP) as it tries to track risky lending practices in the shadow banking sector, the latest in a series of steps by…
