Friday, November 27, 2020
Home Finance

Finance

Ant Group’s IPO Scuppered by China’s Launch of New Online Micro-loan Rules, Will Face Major Re-valuation as a Consequence: Analysts

Chinese analysts say that the suspension of Ant Group's record-breaking IPO on the Hong Kong and Shanghai bourses was due to ongoing...

Cross-border Renminbi Trade Finance Platform Kicks off Operation, Covers 15 Countries and Regions

China officially launched the operation of the Cross-border Renminbi Trade Finance Transfer Services Platform (跨境人民币贸易融资转让服务平台) on 3 November.

Ant Group’s Record-breaking IPO Suspended as Jack Ma Summoned for Discussions by Chinese Authorities

The record-breaking IPO of fintech giant Ant Group has been suspended after Chinese authorities summoned the company's senior executives for "regulatory discussions."

Senior Execs of Financial Holding Companies in China Required to Have Eight Years of Financial Work Experience

The Chinese central bank has issued new rules concerning the qualifications required of senior executives at financial holding companies in China.

Ant Group Breaks Record for IPO Retail Demand with $3 Trillion in Bids from Shanghai

Fintech giant Ant Group has seen a record-breaking level of interest from Chinese retail investors for its upcoming two-bourse IPO in Hong...

Xiamen Bank Shares Rise over 40% on First Day of Trading in Shanghai, 17 Other Lenders Await A-share IPO’s

Fujian province lender Xiamen Bank has seen shares surge over 40% on its first day of trading, boding well for over a...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.