China’s recent antitrust measures are not aimed at private firms, and will not hinder their development, a senior banking and insurance regulator said on Friday. ( read original story …)
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China’s antitrust measures not aimed at private sector, specific firms – regulatory official
China’s recent antitrust measures are not aimed at private firms, and will not hinder their development, a senior banking and insurance regulator said on Friday. ( read original story …)
China Evergrande Soars After Redeeming $2 Billion Bond Early
China Evergrande Group shares have had their best start to a year since 2012 after the developer said it plans to redeem a $2 billion convertible bond early, passing a liquidity test as it looks…
China’s Top Financial Regulator Rejects ‘State Monopoly’ Criticism
China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to … ( read original story …)
China Welcome’s Biden’s WHO Return amid ‘Grim Situation’ of US COVID-19
“China always maintains that all countries should actively support WHO’s work and jointly safeguard international public health security,” Chinese Foreign Ministry spokesperson Hua Chunying said. ( read original story …)
Alibaba founder Jack Ma makes first public appearance in 3 months after criticising China’s banking system
Beijing/UNI: Jack Ma, the founder of Chinese e-commerce giant Alibaba, made his first public appearance on Wednesday, after disappearing from the public’s eyes for almost three months following his … ( read original story …)
Op-ed: A new global arms race in digital finance is heating up
The world’s biggest financial institutions and central banks are getting serious about a monetary system leveraging cryptocurrencies and the blockchain. ( read original story …)
China considers establishing Beijing Financial Court
China is looking into establishing the Beijing Financial Court in a bid to improve the country’s judicial system for finance-related cases and ensure a sound law environment for relevant sectors. A … ( read original…
China jobs market still seen as weak, unstable even as unemployment rate returns to pre-coronavirus level
China’s official surveyed unemployment rate came in at 5.2 per cent in December, the same as in 2019, and a far cry from February’s reading of 6.2 per cent. ( read original story …)
China Has New Rules for Screening Foreign Investments. Here Are the Details.
The new law brings Beijing closer in line with practices in developed countries but comes amid friction between China and some of its biggest trading partners. ( read original story …)
China Plans Online Payment Rules That May Hit Ant, Tencent
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings … ( read original story …)
China plans tougher antitrust rules for non-bank payments industry
China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry, such as Ant Group’s Alipay and Tencent’s WeChat Pay. Under draft rules proposed on … ( read original story…
China proposes tougher anti-trust rules for non-bank payment industry
China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry. ( read original story …)
