It was passed with 2,895 votes, without a single vote against it and just one abstention, and drew the longest applause of the day from delegates in Beijing’s Great Hall … city’s status as an…
Tagged By banking
UBS ups stake in China securities joint venture to 67%
UBS has applied to buy out two minority investors in its China joint venture, boosting its stake in Beijing-based UBS Securities to 67%. The bank’s strong and long-standing relationship with the owner … ( read…
China’s Ant Group Issues Financial Self-Discipline Rules on Tighter Regulatory Oversight
As a reflection of regulators’ tough stance on financial risks, Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, warned last week that bubble risk was a core issue facing … ( read…
Tencent Faces Broad China Clampdown on Fintech, Deals
Pony Ma’s Tencent Holdings Ltd. has been put on notice.Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online … ( read original…
China FDI up 34.2 per cent in US dollar terms in January-February
Foreign direct investment (FDI) in China, excluding the banking, securities and insurance sectors, stood at 176.76 billion yuan in January and February, up 31.5 per cent compared to the same period a … ( 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 …)
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 … (…
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…
China Stock Market Has Solid Lead For Friday’s Trade
The China stock market on Thursday wrote a finish to the five-day slide in which it had retreated more than 210 points or 6.3 percent. The Shanghai Composite index now sits just beneath the ……
China’s $1 Trillion Stock Rout Pinned on Panicky Fund Investors
As China’s stock market stabilizes after a $1.3 trillion rout, it’s becoming clear that the mutual fund industry is being put at the center of the turbulence. ( read original story …)
Beijing chokes on smog as China tries to balance industrial recovery and greener growth
Beijing has set ambitious green targets in its 14th five-year plan but they are in contrast to continued investment in fossil fuels, say environmentalists. ( read original story …)
China’s Jaded Techies Find a Hero in Elon Musk
The Tesla boss and digital prankster is striking a chord at a time of disillusionment with the tech industry and its leading tycoons. ( read original story …)
