There is huge demand from domestic and institutional investors in the new economy sector looking for initial public listings, says William Ma of Noah Holdings (Hong Kong). ( read original story …)
Tagged By crypto
How China’s swift recovery boosted it to fashion capital status
The past five years have seen countless luxury brands scrambling over each other to get into the lucrative fashion market of China, partnering with Chinese companies like Tmall. But recently … ( read original story…
Markets shock in 2020 gives way to IPO boom
Proceeds in Asia, at $73.4bn, would have been far higher if payment company Ant Group had not halted its blockbuster $37bn IPO after it ran afoul of Chinese regulators. Ant’s absence handed … ( read…
Ant and Beijing begin delicate, dangerous dance
The People’s Bank of China has called for the Ant Group to rectify financial regulatory violations, according to a statement released on Dec. 27. PBOC Vice Governor Pan Gongsheng said that Ant … ( read…
China highly criticizes Ant Group, tells company to switch back to its mainstay payments business
Chinese financial regulators moved to rein in Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and … ( read original…
China’s Digital Yuan Trial Sees Spending For Retail, Ridesharing And More
A second digital yuan trial by the People’s Bank of China has ended with spending on numerous things from retail to grocery to ridesharing. ( read original story …)
US-China tech decoupling: Zoom woes reveal narrowing space for firms to reconcile both systems
Like other US companies, Zoom faces a choice of complying with increasingly stringent Chinese government rules or quitting the market altogether. ( read original story …)
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
Regardless of the catalyst for their efforts, it is indisputably positive to see the gatekeepers of the traditional financial system realize the importance of crypto. China has been the clear … ( read original story…
China orders Ant Group to clean up its business practices, comply with regulations
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with … ( read original story …)
China’s telecom sector posts steady revenue growth
China’s telecommunications industry registered steady growth in revenue in the first 11 months of this year, official data shows. The combined industrial revenue rose 3.5 percent year on year to 1.25 … ( read original…
China Tells Ant Group to Refocus on Its Payments Business
Chinese financial regulators moved to rein in Ant Group, the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and … ( read original story…
Jack Ma episode has made global investors jittery about China
Mahua VenkateshNew Delhi, Dec 27 (IANS) The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. At a … (…
CCP’s Witch Hunt of Jack Ma and Alibaba Will Cripple Foreign Investments Into China
Jack Ma is a vociferous critic of the Chinese government and the nature of financial regulations in the country. ( read original story …)
