BEIJING Ant Financial, the payment affiliate of Alibaba Group Holding Ltd (BABA.N), has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia.…
Tagged By banking
How China can ward off financial crisis
With emerging Asian economies now accounting for nearly two-thirds of global growth, China bears have a ready audience for their gloomy prognostications. Some, like the high-profile U.S. economist Tyler Cowen, have been predicting imminent financial…
Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks
He was wrong. On Wednesday, Ms. Wang, 61, joined about a dozen other customers in the lobby of a Beijing branch of the bank China Minsheng, pressing employees for details and demanding their money back,…
China bank overseer launches ‘regulatory windstorm’
China’s new chief banking regulator has started with a bang, issuing a flurry of new policy directives during his first month aimed at the industry’s knottiest problems, in line with the government’s focus this year…
China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing
China’s shadow banking is back in full swing, an unintended side effect of the government’s campaign against financial leverage, which has curbed traditional lending and squeezed bond financing. Data from the central bank Friday showed…
China Minsheng Banking : Bank Says a Company Executive Is Under Investigation by Police
BEIJING–China Minsheng Banking Corp. said Wednesday one of its executives is under a police investigation on suspicion of “illegal conduct.” Minsheng has set up a team to work with police in their investigation of Zhang…
China’s March outbound direct investment slumps 30.1pc to US$7.11b
China’s non-financial outbound direct investment (ODI) slumped 30.1 per cent in March from a year earlier as authorities kept a tight grip on capital outflows to help support the yuan and safeguard the country’s foreign…
Trump talk tempers exporters' optimism at top China trade fair
GUANGZHOU, China (Reuters) – Higher costs and rising wages are among the top headaches for exporters at China’s largest trade fair, but days after the first U.S.-China summit under the new president one topic of…
China’s Minsheng Bank sees investor trust vanish – along with 3b yuan
They also visited the China Banking Regulatory Commission and its Beijing subsidiary, as well as the headquarters of Minsheng Bank, and the China Securities Regulatory Commission. However, no clear answers have been given to them…
Shadow banking makes a surprise return to China
… are turning to murky and risky deals because they cannot obtain financing through regular bank loans or bonds, analysts said. This could undermine Beijing’s efforts to root out financial risks later this year when…
China March outbound direct investment slumps 30.1 percent as capital curbs bite
BEIJING China’s non-financial outbound direct investment (ODI) slumped 30.1 percent in March from a year earlier as authorities kept a tight grip on capital outflows to help support the yuan currency and safeguard the country’s…
Commentary: Chinese financial regulation bids farewell to soft constraints
Along with rapid growth in recent years, China’s financial sector has been exposed to various risks — illegal lending, insider trading in the securities market and fraud by insurance companies — that imperil financial market…
China's Ant hikes MoneyGram bid by over a third, beats rival U.S. offer
BEIJING China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory…
