FINANCE

China’s Tectonic Shift in Bank Funding

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Ghosts of financial crises past rarely revisit in exactly the same way. Still, stresses looming in China’s behemoth banking system eerily resemble the ones its U.S. counterpart suffered just ahead of its meltdown a decade…

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Big deals push financial tech to the fore

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Leading the deals was Ant Financial Services Group, the financial services affiliate of e-commerce giant Alibaba Group Holdings that operates China’s online-payments platform Alipay-which closed a $4.5 billion fundraising round in April. Ping An-backed ……

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