Wednesday, April 14, 2021
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Tag: Ant Group

Fintech

Ant Group Summoned for Another Round of Discussions with Chinese Authorities, Pan Gongsheng Outlines Key Regulatory Plans

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Beleaguered fintech giant Ant Group has met with Chinese regulators for another round of discussions, just after affiliate company Alibaba was hit...
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Fintech

Ant Group Outlines Self-Regulatory Measures for Online Finance Platforms, Calls for Greater Focus on “Ethical Duties”

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Chinese fintech giant Ant Group has issued new guidelines for online financial operations in the wake of heavy scrutiny from regulators that...
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Fintech

Ant Group Replaces Hu Xiaoming with Jing Xiandong as CEO, Unveils Disciplinary Standards for Fintech Platforms

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Fintech giant Ant Group has replaced its top helmsman amidst intensifying scrutiny from Chinese regulators.
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Economy

Ant Group IPO Cancellation No Surprise Given China’s Long-standing Plans to Tighten Fintech Regulation: Ping An Chief

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The CEO of Chinese insurance giant Ping An Insurance (Group). Co. said that the shelving of Ant Group's mammoth IPO in November...
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Finance

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

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Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...
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Fintech

Ant Group Reportedly Reaches Agreement with Regulators for Full Conversion into Financial Holding Company

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Jack Ma's beleaguered Ant Group has reportedly concluded a deal with Chinese regulators for a large-scale overhaul of its business operations.
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Fintech

Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

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Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...
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Finance

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

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The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...
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Fintech

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

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The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
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Fintech

Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank

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The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...
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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

Economy CBNEditor - 0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Banking CBNEditor - 0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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