A senior official at China’s banking regulator has warned that technological advances in the financial industry risked creating monopolies, a day after Beijing unveiled new antitrust rules for the … ( read original story …)
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China’s banking regulator signals tougher fintech antitrust laws
Mapping the Futility of China’s Financial Decoupling From the U.S.
Confrontations in trade, technology and geopolitics are threatening to spill over into the financial system, with the U.S. pondering sanctions against Chinese banks and China weighing the possibility … ( read original story …)
Billionaire investor Ray Dalio believes Ant’s IPO suspension was reasonable — and says not investing in China is ‘very risky’
Dalio said there’s a risk of being too lax on innovation since Ant is a “whole new concept in terms of banking.” … ( read original story …)
Hong Kong Ousts Lawmakers After Beijing Grants Sweeping New Powers
Members of the pro-democracy bloc in the territory’s legislature had earlier threatened to step down en masse if any of their group were ousted. ( read original story …)
China Construction Bank to issue offshore bond based on blockchain
China Construction Bank has partnered with a digital exchange to launch an offshore bond that relies on blockchain in a sign of rising interest in the technology from the countrys … ( read original story…
China’s coronavirus recovery continues as car sales rise for seventh straight month in October
Vehicle sales in China rose 12.5 per cent in October from the same month a year earlier, with sales hitting 2.57 million vehicles, data from the China Association of Automobile Manufacturers (CAAM) … ( read…
A Big Chinese Bank Is Selling Bonds That Can Be Bought With Cash or Bitcoin
China Construction Bank is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using U.S. dollars or bitcoin. ( read original story…
Fintech firms must behave like banks, China regulator says as it ring-fences runaway industry to rein in potential risks
Liang’s comments are the clearest enunciation of the Chinese regulator’s risk appetite in the world’s largest fintech market, after they foiled Ant Group’s US$39.67 billion stock sale in Shanghai and … ( read original story…
Trade Finance Market Boosting the Growth Worldwide | Societe Generale, China Exim Bank, BNP Paribas
AMA Research published a new research publication on “Trade Finance Market Insights, to 2025” with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you … ( read original story…
China’s Online Dating Apps Are Big Business. And One Matchmaker Is Grabbing a Piece of It.
Revenue for China’s overall online dating market is estimated to hit $1.1 billion next year, according to iResearch. And one popular local matchmaker has 250,000 followers on China’s Kuaishou … ( read original story …)
Workaholic Shenzhen city makes leave time mandatory in first for China
The southern Chinese technology hub of Shenzhen, notorious for its long work hours, will become China’s first city to require that workers take paid leave, a move to help reduce burnout that may be ……
The Big-Tech-Monopoly Crackdown Hits China
Governments around the world are grappling with the overreaching power of Big Tech. Recent events indicate Beijing will take on its technology giants as well. ( read original story …)
China’s recipe for rescuing retail: virtual pets, walnuts — and Katy Perry
Consumers hit websites in droves for the country’s annual shopping frenzy, though some say they are more frugal this year. ( read original story …)
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