Wednesday, January 20, 2021
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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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Fintech

Ant Group Should Serve as a Lesson for Other Online Tech Giants: China’s Banking Regulator

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China's top banking regulator has called for other Internet giants to take heed of the difficulties recently endured by Jack Ma's fintech...
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Fintech

Chinese Regulators Demand Ant Group “Return” to Payments During Official Talks Following Launch of Anti-trust Probe into Alibaba

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A senior official from the People's Bank of China (PBOC) has shed light on the nature of the "regulatory discussions" held with...
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Fintech

Ant Group Announces “Rectification Plan” Following Launch of Anti-trust Probe into Alibaba and Official Sit Down with Regulators

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Fintech giant Ant Group has unveiled a prompt response to the launch of an anti-trust investigation into the business practices of its...
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Fintech

Ant Group Slashes Credit Quotas for Younger Users of Huabei Consumer Finance Product

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Chinese fintech giant Ant Group has dramatically reduced the amount of credit available via its Huabei (花呗) consumer finance product for certain...
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Fintech

Beijing Launches Anti-trust Probe into Jack Ma’s Alibaba

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Jack Ma's online e-commerce and fintech empire is coming under increasing pressure from central government authorities in the wake of the shelving...
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Fintech

China’s Ex-Finance Minister Warns against Fintech Platforms Becoming “Too Big to Fail” Following Ant Group IPO Debacle

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The former head of China's Ministry of Finance (MOF) has warned of the perils of Chinese fintech platforms becoming excessively large and...
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Fintech

Ant Group Withdraws Online Deposit Products in Response to Requests from Chinese Regulators

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Chinese fintech giant Ant Group has withdrawn its online deposit products just a little over a month following the shock cancellation of...
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Banking

Ant Group Grabs Approval for Digital Banking License in Singapore

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Chinese fintech giant Ant Group is behind one of the four successful applicants for Singapore's first round of digital banking licenses.
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Fintech

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

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Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.
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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Fintech CBNEditor - 0
Accounting giant KPMG has just released its latest list of the leading fintech companies in China.
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China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

Economy CBNEditor - 0
The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...
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Beijing Aims for Internet of Things Security Standards by 2022

Economy CBNEditor - 0
The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...
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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Fintech CBNEditor - 0
Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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