The shareholding composition of the second license, following the first license in 2018 to Baihang Credit, underscores the financial regulators’ increased scrutiny of consumer credit and online loans, … ( read original story …)
Tagged By banking
Trump Attacks China in Christmas Tweet as Millions Await Stimulus Update
President tells lawmakers who blocked attempts to increase coronavirus relief package to $2,000 per qualified individual “it wasn’t their fault, it was China.” … ( read original story …)
European Businesses Hopeful Of China-EU Investment Deal
China investment deal by end of the year, the head of the European Chamber of Commerce in China said on Saturday, although Beijing has declined to commit to a deadline. The China-EU Comprehensive … (…
China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms
venture that is 35 per cent owned by Beijing Financial Holdings Group of the municipal government of the Chinese capital city, will be allowed to develop a system to provide personal credit ratings … (…
China to leapfrog U.S. as world’s biggest economy by 2028 – think tank
China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the … ( read original…
China takes practical approach to development over next five years
China should take a practical approach in its 2021-2025 development plan, setting eyes on a reasonable growth rate and keeping some leeway, Premier Li Keqiang said on Thursday. While the five-year … ( read original…
China’s 2021 total issuance of treasury bonds will be roughly same as this year – sources
C orrects year to 2021, not 2011, in 3rd paragraph. SHANGHAI, Dec 25 (Reuters) – The total amount of China treasury bond issuance in 2021 will be similar to that of this year, if ……
China backing away from its initial financial promises to Pakistan under CPEC: Report
China appears to be backing away from its initial financial promises to Pakistan under Beijing-financed China-Pakistan Economic Corridor (CPEC), a US$60 billion infrastructure building plan, amid … ( read original story …)
China’s economic activity normalizes faster than expected: World Bank
Economic activity in China has normalized faster than expected, according to the latest report published by the World Bank. The report has attributed the pick-up growth to the country’s effective … ( read original story…
China launches antitrust investigation into tech giant Alibaba
China’s Politburo has vowed to strengthen anti-monopoly efforts in 2021 and rein in “disorderly capital expansion.” … ( read original story …)
‘Demand-side’ reforms: In China, this means cutting inequality
China’s leaders have for years been upgrading industry and cutting oversupply, now they want to boost consumer spending. ( read original story …)
China Launches Anti-Monopoly Investigation Into Alibaba
China’s market regulator is pursuing an investigation into Alibaba for alleged monopolistic practices at the company, dealing yet another blow to the country’s largest tech company. ( read original story …)
China Targets Jack Ma’s Alibaba Empire in Monopoly Probe
China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd. and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations, escalating … ( read original story …)
