The Ant Group restructuring and a $2.8 billion anti-monopoly fine for Alibaba removed a major source of uncertainty for investors in the e-commerce giant.
Tagged By banking
Beijing makes Ant’s credit less addictive
In a separate statement, the People’s Bank of China and other regulators said that under a “comprehensive and feasible restructuring plan,” Ant would cut the “improper” linkage between payments …
Ant Group to become a financial holding company overseen by China’s central bank
Ant Group will apply to become a financial holding company that is overseen by China’s central bank as part of efforts to appease regulatory concerns over the way it conducts its online payments …
China economy: bank loans hit record high in first quarter as authorities balance growth and debt risk
Quarterly lending was even higher than 7.1 trillion extended in the same period a year earlier, when Beijing unveiled its stimulus package to help combat the economic effects of the coronavirus …
Investing in China tech stocks is partly a bet on Beijing’s regulatory attitude, says NYU’s Damodaran
Investors are “making a joint bet on the company and its relationship with Beijing,” Damodaran, professor of finance at NYU Stern School of Business, told CNBC’s “Street Signs Asia” on Friday.
Ant to Be Financial Holding Firm in Overhaul Forced by China
China told Ant Group Co. to become a financial holding company that will be regulated more like a bank, directing an overhaul that was set in motion when the fintech giant’s record initial public …
China’s trial green zones show power of asset-backed financing
Pilot projects in six provinces are delivering cheaper energy while unlocking billions in funding through green loans.
China’s Ant Group to form a financial holding company after regulatory clampdown
Regulators have instructed Ant Group to become a financial holding company under their supervision and shrink its money market fund platform, Yu’ebao Ant Group, controlled by Chinese billionaire Jack …
UPDATE 1-China March new bank loans rise to 2.73 trln yuan, beat forecast
BEIJING, April 12 (Reuters) – New bank lending in China rose more expected in March from the previous month as the central bank walks a tightrope between supporting the rapidly recovering economy …
China March new bank loans rise but broad credit growth eases
M arch new loans 2.73 trln yuan vs forecast 2.45 trln yuan March M2 money supply +9.4% y/y, vs forecast of +9.6% BEIJING, April 12 (Reuters) – New bank loans in China rose more expected…
Smartphone shipments in China in March increase 67.7%: CAICT
SHANGHAI (Reuters) – Shipments of smartphones within China increased 67.7% year-on-year to 35.5 million handsets in March, the China Academy of Information and Communications (CAICT) reported on …
China: Credit growth limited by deleveraging reform
Although China’s aggregate finance grew at a slower pace than last year, yuan loan growth was faster than a year ago, showing that shadow banking has continued to shrink. Together with deleveraging …
China’s post-coronavirus consumer spending ‘not enough’ to drive growth, says prominent economist
Prominent economist Yu Yongding, from the Chinese Academy of Social Sciences, says Beijing must boost infrastructure spending, because domestic consumption is not enough to drive growth.
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