China’s Ant Group on Friday said its consumer loan platforms will not issue loans to minors, and will prevent small business loans from flowing into stock and property markets. ( read original story …)
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China’s Ant says to not issue loans to minors, prevent loans flowing into stocks, property
Singapore Developer Spats With China Unit After Bond Lapse
(Bloomberg) — An escalating feud between Singapore’s richest property family and its troubled Chinese unit … it dubbed the deal as “game changing” for its expansion in China but it has since … ( read…
China’s Ant publishes financial self-discipline rules amid tougher scrutiny
BEIJING (Reuters) – China’s Ant Group on Friday published a set of financial self-discipline rules amid the country’s tightened scrutiny on financial technology regulations. The publication of the … ( read original story …)
Column: China’s lacklustre commodity imports throw spanner in new super-cycle works
A warning shot has been fired across the bow of proponents of the view that commodities are entering a new super-cycle: China’s imports of crude oil, iron ore, copper and coal in the first two…
The Biden administration’s first showdown with China
Next week in Alaska, top officials in the Biden administration are slated to have face-to-face meetings with Chinese counterparts. Secretary of State Antony Blinken and President Biden’s national … ( read original story …)
China’s antitrust regulators weigh levying record fine on Alibaba – WSJ
(Reuters) – China’s antitrust regulators are considering … a planned $37 billion IPO from Ant Group, Alibaba’s internet finance arm. The company has come under fire in the past from rivals … ( read original…
China provinces rush to address ‘hidden debt’
Including borrowing by LGFVs, China Chengxin International Credit Rating estimates the hidden debt at 43 trillion yuan ($6.46 trillion) by the end of 2019 — almost half the size of the economy. Some … (…
China’s GDP growth target of over 6% is easy to reach – and that’s not a bad thing, analysts say
China’s growth target for 2021 is not particularly meaningful because it is well within reach for the country, two analysts told CNBC this week. “It almost does the same thing as not having a growth…
China’s ‘two sessions’: first mention of blockchain in five-year plan boosts still-nascent industry
Blockchain, the technology that enables the creation of a shared and cryptographically-secured digital ledger, was mentioned for the first time in a draft of China’s national five-year plan, the … ( read original story …)
China reports nine new COVID-19 cases vs 11 a day earlier
All of the new cases were imported infections originating from overseas, the National Health Commission said in a statement. The total number of confirmed COVID-19 cases in mainland China now stands … ( read original…
Newspaper: China to soon try 2 Canadians on spying charges
A Communist Party newspaper says China will soon begin trials for two Canadians arrested in apparent retaliation for Canada’s detention of a senior executive for Chinese communications giant Huawei Te … ( read original story…
Olympic champ Erica Wiebe hopes IOC-China vaccine deal aids global COVID-19 fight
A Canadian Olympic gold medallist is hopeful a vaccine deal between the International Olympic Committee and China can help the global fight against COVID-19 ahead of the Tokyo Games this summer. ( read original story…
American Rescue Plan: China worried about economic impact of Joe Biden’s US$1.9 trillion coronavirus bailout
US President Joe Biden’s US$1.9 trillion American Rescue Plan received final approval from the US Congress on Wednesday, but concerns have been raised about its potential to cause further financial … ( read original story…
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