thanks to Ant and other Chinese financial-technology companies that provided unsecured loans to millions of people who didn’t have bank-issued credit cards. In 2019, online loans accounted for as much … ( read original story…
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China, Japan risk miscalculation over Diaoyu islands, analysts say
‘Uncomfortable signal to China’: Japan raises Hong Kong in call to India In … At the same time, Japan’s defence budget for financial year 2021, which begins in April, is expected to grow for the…
China asks visa applicants to get inoculated with Chinese-made vaccines.
A new rule for foreigners applying in Hong Kong for visas gives preference to those who choose shots produced in China. ( read original story …)
US and China semiconductor working group unlikely to ease trade tensions in short term but seen as a good start, say analysts
Semiconductor working group established between the CSIA and SIA won’t ease trade tensions in the short term, but is seen as a good first step to foster more business co-operation, say analysts. ( read original…
Exclusive: China’s JD.com in talks to buy stake worth $1.5 billion in brokerage – sources
HONG KONG (Reuters) – JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to…
China’s Gen Z investors are turning fund managers into social media stars
As China’s young adults come of age as investors, they’re bringing social media culture to the staid world of investing. ( read original story …)
China is scooping up DNA data to target foreign spies – and you, the US government says
China has been stealing data, including DNA files, to advance its economic, security, and foreign-policy goals, the US government says. ( read original story …)
IOC president believes boycotting Beijing Winter Olympics would achieve nothing
An athlete boycott of the Beijing Winter Olympics over China’s human rights abuses would not achieve anything, the president of the International Olympic Committee has said. China has been criticised … ( read original story…
China plans million-dollar fine against Alibaba, Jack Ma’s company: the Wall Street Journal
Jack Ma, one of China’s richest men, criticized his country’s banking system during an event in Shanghai. Since then, the Chinese government has been more aware of its business than ever. For months … (…
Ant Group publishes ‘responsible finance rules’ to protect consumers amid heightened scrutiny from Chinese regulators
Ant Group’s move to publish responsible finance rules to make digital finance safer comes as the fintech giant makes plans to overhaul its sprawling business after authorities pulled its IPO in … ( read original…
Jack Ma’s finance lieutenant walks away in wake of China clampdown
Jack Ma’s finance lieutenant has walked away from Ant Group due to “personal reasons” as Beijing’s clampdown on the fintech giant intensifies. Simon Hu, who took the helm in 2019 having headed up the ……
China’s Gen Z investors have turned fund managers into social media stars
As China’s young adults come of age as investors, they’re bringing social media culture to the staid world of investing. ( read original story …)
U.S. Debt Rout Ignites Hunt for New Havens That Ends in China
An upstart contender to U.S. Treasuries has emerged in the wake of last month’s vicious debt rout.Chinese government bonds have defied the turbulence rocking peers from Australia to Europe, offering a … ( read original…
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