China’s central bank released drafted rules on non-bank payment institutions on Wednesday, stepping up anti-trust measures to rein in monopolistic behaviors of payment firms. BEIJING, Jan 20 (Reuters) … ( read original story …)
Tagged By banking
China’s Wide Income Gap Undercut Spending as Growth Recovers
China’s successful control of Covid-19 made it the only major economy to have grown last year, but wide income inequality and still weak consumer spending reflects an unbalanced recovery. ( read original story …)
Beijing steps up COVID-19 response amid most severe outbreak since March
The measures come amid what has become the country’s most severe COVID-19 outbreak since March 2020. It is also ahead of the key Chinese Lunar New Year holiday season in February, when hundreds of ……
UPDATE 1-China’s short-term money rates surge despite huge PBOC cash injection
China’s primary short-term money rates surged on Wednesday to the highest level since the early days of the coronavirus pandemic a year ago, driven by rising seasonal cash demand, despite the central … ( read…
China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine
China shares rose on Wednesday, led by gains in electric vehicle and healthcare stocks, as the central bank kept liquidity abundant to further support economic recovery from COVID-19. ( read original story …)
China’s Jack Ma emerges for first time since Ant crackdown
Billionaire founder of tech giants Alibaba and Ant Group had not been seen since regulators blocked Ant’s record IPO. ( read original story …)
TikTok for finance: ByteDance’s Douyin finds success in short videos about economics and wealth management
Amid declining growth in China’s short video industry, financial content is seeing rising popularity on Douyin, where 100 million people had engaged with such content by last November. ( read original story …)
China Outbound M&A Seen Driving Rebound in Loans This Year
Offshore loans in the Greater China region are expected to climb this year, driven by an increase in mergers and acquisitions, after falling to their lowest level in five years. ( read original story …)
Adviser to Five U.S. Presidents Expects China Tariffs to Remain
The upcoming inauguration of Joe Biden as president will allow the U.S. to reboot its relationship with China after a tumultuous four years under Donald Trump. What exactly will that mean for these … (…
Financial Regulation, Chinese Style (And Where Is Jack Ma?)
China doesn’t fool around when it comes to financial regulation. On January 5, a Chinese court sentenced a senior finance industry executive to death. He was guilty – in the words of the court –of…
Why China plans to tax the booming digital economy
Now that digital commerce accounts for more than a third of its economy, China is looking for ways to more effectively tax domestic e-commerce titans like Alibaba, Tencent and Didi Chuxing. It’s a … (…
Shares climb on China’s economic recovery, with earnings in focus
Asian shares climbed on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the … ( read original…
China-EU deal boosts Beijing’s goals to stay in global tech scene but rely on the U.S. less, professor says
Experts have said that tension between the U.S. and China fosters disconnect between the technology development in both countries. ( read original story …)
