Wednesday, April 14, 2021
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Tag: Ant Group

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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