Regulators tell the companies that the bundling of several financial services within a single platform obscured how much money was flowing into the various products, creating risks for the broader …
Tagged By financials
China Toughens War on Financial Scams Ahead of New Fraud Rules
China has ramped up a crackdown on financial scams, from cryptocurrency swindles to bogus patriotic fundraising that capitalizes on the coming 100th birthday of the ruling Communist Party, as new anti …
China Policy Banks Postpone Earnings, Echoing Last Year’s Delay
China Development Bank, Agricultural Development Bank of China and the Export-Import Bank of China, the nation’s three policy banks, delayed the release of their 2020 earnings results, they said in …
China orders fintech companies to stick to the rules as clampdown widens
The country’s platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
China’s Hidden Bank Assets Are Emerging from the Shadows
Lenders are being pushed to recognize $1.3 trillion of products sold in racier times. That could prove costly.
China Reins In Tech Giants’ Finance Arms
China’s crackdown on the technology industry continues. Regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd.
China Reins In Tech Giants’ Finance Arms After Hobbling Ma’s Ant
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs …
Bank of China Opens in Housing Estate in Beijing, China
A Bank of China branch sits under an international housing estate in Beijing on Thursday, April 29, 2021. Expanding domestic consumption is a priority in China’s “dual circulation” economic plan first …
WRAPUP 1-China’s Big Five banks boost profits, but margins shrink
Five of China’s largest state-owned banks have reported higher first-quarter net profits, helped by a rebound in the country’s economy from the coronavirus pandemic.
Chinese Regulators Summon Internet Finance Firms
Chinese financial regulators on Thursday summoned 13 internet platforms engaged in financial business, including heavyweights Tencent and ByteDance, to order them to strengthen their regulatory …
China Reins In Tech Giants’ Finance Arms After Hobbling Ant
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs …
China conducts central bank bills swap
The People’s Bank of China, the central bank, conducted this year’s fourth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by commercial banks.
How China’s Digital Currency Could Fracture Global Finance
Digital currencies have been pulled into the geopolitical arena, and, just as strategic supply chains are decoupling, central bank digital currencies will fracture the global financial landscape into …
ADVERTISEMENT
