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Wednesday, November 25, 2020
Tags Zombie company

Tag: Zombie company

Banking Regulator Plans on Banning Debt Equity Swaps for Zombie SOE’s

The latest draft version of a directive from China's banking regulator prohibits the use of debt-equity swaps by China's "zombie" state-owned enterprises. The China Banking...

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

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...

China Leads World in Cross-border Data Flows with 23% Global Share

China has emerged as the world's firm leader when it comes to cross-border data flows as its digital and online economies continues...

Competitiveness of Banks Will Lie in “Data + Algorithms” in Future: Agricultural Bank of China

A senior official from one of China's big six state-owned banks has highlighted the critical role that fintech will play in shoring...