Thursday, April 15, 2021
Tags Chinese financial holding company

Tag: Chinese financial holding company

JD Technology Expected to Join Ant Group in Adoption of Financial Holding Company Form

The tech subsidiary of e-commerce giant JD.com reportedly plans to launch a financial holding company amidst a push from Chinese authorities for...

Sina Withdraws from Nasdaq, Converts into Financial Holding Company

Online media giant Sina has announced its withdrawal from the US capital market and its full conversion into a financial holding company...

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.

Central Bank Tackles Risk in Relation to Financial Holding Companies

Chinese financial regulators led by the People's Bank of China (PBOC) are busy drafting new rules governing financial holding companies, as the institutions emerge...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

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...