Shares of Chinese companies listed in the US have seen their biggest two-day fall since the 2008 financial crisis. The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese …
Tagged By banking
China Bank Wants Digital Yuan To Dominate Alipay And WeChat Pay
The People’s Bank of China wants Ant Group and Tencent Holdings Ltd., which operate payment networks Alipay and WeChat Pay, to help it develop digital yuan.
Two IPOs, including Paytm to reveal Gen Z’s vision of banking
Paytm handled 4 trillion rupees ($54 billion) worth of payments to merchants last year.PhonePe and Google Pay wallets handled $35 billion and $28 billion in transactions last month, respectively. The …
China Stock Market Due For Support On Tuesday
The China stock market has finished lower in two straight sessions, plunging more than 100 points or 3 percent in that span. The Shanghai Composite Index now rests just beneath the 3,470-point plateau …
China Crackdown Wrecks Demand for Loans to Finance Overseas M&A
Chinese companies’ use of debt to pay for overseas expansion is on track to shrink to a seven-year low thanks in part to Beijing’s sweeping regulatory crackdown.
China jobs: is Beijing’s retreat from state-owned enterprise reform holding back job growth?
As China seeks to upgrade its economy, some observers are worried that state sector reform has stalled, threatening new job creation and the pace of economic growth.
Two IPOs Reveal Gen Z’s Vision of Banking
The tempo is being set by customers in their 20s and 30s who don’t care much about banks as brick-and-mortar institutions but want to consume banking online like any other service, customized to their …
Hong Kong justice minister Teresa Cheng set to travel to Beijing for talks on cross-border exchanges for legal community
Secretary for Justice Teresa Cheng is expected to ‘sign a number of cooperation arrangements … in the areas of legal, dispute resolution and deal-making services’.
China Crackdown Rocks Investors: ‘Everybody’s in the Crosshairs’
Beijing’s clampdown on the booming private education industry has shocked even some of the most seasoned China watchers, prompting a rethink of how far Xi Jinping’s Communist Party is willing to go as …
China’s surging yuan allows Beijing greater financial flexibility, creating capital markets ‘too big to ignore’
A trade weighted index looking at the value of China’s yuan climbed to a five-year high last week, and analysts expect the currency to remain at elevated levels in the foreseeable future as the …
Fitch Rates China Construction Bank’s Jianyuan 2021-9 RMBS at ‘AAA(EXP)sf’; Outlook Stable
Fitch Ratings has assigned expected ratings to Jianyuan 2021-9 Residential Mortgage Backed Securitization Trust’s …
China’s new private tutoring rules put billions of dollars at stake
China’s sweeping new rules in private tutoring has left private education firms facing a significant business impact as Beijing steps up regulatory oversight of a $120 billion industry that investors …
China Property Management Stocks Slump as Beijing Tightens Grip
Chinese property management stocks tumbled on Monday, after Beijing vowed to “notably improve order” in the market and regulate a wide range of industry activities.The Hang Seng Property Service and …
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