China should ensure financial innovation maintains fair competition and does not create oligopolies or construct barriers to entry, a Chinese regulatory official said Saturday. Xiao Yuanqi, chief risk ... ( read original story ...)
China’s president ‘personally blocked’ Jack Ma’s Ant Group IPO
In August, the Chinese fintech giant unveiled plans for a dual-listing stock market debut in Hong Kong and on the Shanghai Stock Exchange's Star Market. ( read original story ...)
Ant’s record-breaking $37 billion IPO was personally halted by China’s Xi Jinping after boss Jack Ma snubbed government leaders, report says
A week before Ant was set to go public, Ma made incendiary comments that didn't go down well with the president or government officials. ( read original story ...)
UPDATE 1-Chinese state-firm debt defaults trigger market selloff, fears of crisis
Chinese banks and fund managers dumped their holdings of riskier corporate bonds on Friday after a series of defaults by top-rated state-owned enterprises (SOEs) sent shockwaves through the mainland ... ( read original story ...)
China’s Xi decided to halt Ant’s IPO – WSJ
The Wall Street Journal reports that China's President Xi Jinping personally intervened to stop Ant Group's initial public offering. The Journal's Thursday story cites Chinese officials with knowledge ... ( read original story ...)
Chinese state-firm debt defaults trigger market selloff, fears of crisis
A Chinese miner that defaulted this week held an emergency creditors' meeting on Friday to address potentially "huge credit risks", as a series of defaults by top-rated state-owned enterprises (SOEs) ... ( read original story ...)
Financial sector reform to enhance performance
China will further open up its financial sector and experiment with financial reform in certain regions to better serve major strategies for regional development, officials said. Fu Pingjiang, head of ... ( read original story ...)