Meddling by ‘forces trying to seize power and seek subversion’ at core of issues facing city, Liu Guangyuan says at first press briefingOffice will also help residents grasp opportunities presented by …
Tagged By finance
China Authorizes Vaccine for Kids; U.K. Plans: Virus Update
The U.K. will accelerate its vaccination program in a bid to stay on its path out of lockdown, the Telegraph reported. Meanwhile, civil servants are drawing up contingency plans to delay the June 21 …
Hungary leader Viktor Orban’s China ties to become election issue, as outcry over Fudan University campus grows
The centre of the furore is Hungary’s plans to build a satellite campus for Shanghai’s Fudan University in Budapest.
Biden’s Blacklist Offers an Olive Branch to Beijing
President Joe Biden’s blacklist on investment in Chinese companies offers the kind of compromise that could help steady relations, though it likely won’t be enough to inspire Beijing to reciprocate …
Exclusive: China pushes Huarong to sell non-core units, mulls implicit support – sources
China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the …
China’s stronger currency means difficult choices for Beijing
China’s yuan is stronger than it has been since the start of the US-China trade war. That has left Beijing in a pickle. If the currency appreciates too quickly, the country’s financial markets could …
China aims to slow yuan’s rise but likely to avoid drastic steps – policy sources
China is likely to lean on incremental steps to slow the yuan’s gains to deter speculators and help its exporters, shunning drastic measures that could undermine its goal to liberalise the currency …
China stocks end higher on financial boost, but post weekly losses
China stocks ended higher on Friday on gains for financial firms, following Beijing’s stamp duty cut proposal, though they post weekly losses amid renewed worries over Sino-U.S. tensions.
Alibaba’s Ant Secures Regulatory Approval For Consumer Finance Firm In China
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group has secured a key China Banking and Insurance Regulatory Commission approval to operate a consumer finance company, CNBC reported on Thursday.
Ant faces dent in profitability with new consumer finance unit
Ant Group’s most lucrative business of consumer lending is likely to become less profitable as the financial juggernaut emerges from a six-month regulatory crackdown aimed at curbing its influence..
Beijing’s jawboning sets yuan on track for biggest weekly loss in four months
China’s yuan barely moved against the dollar on Friday but was set for its biggest weekly loss in at least four months following a string of …
China greenlights Ant Group spinoff of consumer finance business
Chinese regulators gave their approval Thursday to Jack Ma’s Ant Group to start operating a consumer finance unit after months of pressure to adopt more comprehensive oversight and obtain necessary …
Jack Ma’s Ant Group receives consumer finance licence
Chinese regulators approved Jack Ma’s Ant Group to begin operating a new consumer finance company, in the first concrete sign of an easing of tensions with Beijing after Ant agreed to a “rectification …
