SHANGHAI, March 2 (Xinhua) -- The BRICS New Development Bank (NDB) announced Tuesday that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support ... ( read original story ...)
Any fintech firms should meet regulatory capital adequacy requirement within 2 years: China banking regulator
Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission (CBRIC ... Earlier, the dual IPOs of Ant Group of Alibaba was suspended by Shanghai and Hong Kong stock exchanges on November ... ( read original story ...)
Asia shares fall as China bank regulator warns of foreign ‘bubble’
Asia-Pacific equities fell after China’s banking regulator voiced concern over bubbles in foreign markets, a day after Wall Street posted its best performance in almost nine months. Hong Kong’s ... ( read original story ...)
Financial services grow more inclusive
China has made notable progress in expanding inclusive financial services through technological integration, the nation's top banking and insurance regulatory body said on Tuesday. Guo Shuqing, ... ( read original story ...)
Ant Group Boss Tries to Quell Employee Discontent With Promise of Eventual IPO
The executive chairman also said the company would look for ways to help workers monetize some of their shares after the company was forced to call off its listings. ( read original story ...)
Sumitomo Mitsui Trust Bank sets up consulting unit in China
Sumitomo Mitsui Trust Bank has formed a wholly owned subsidiary in Beijing to provide a wider range of consulting services to customers, mainly Japanese companies operating in China. Sumitomo Mitsui ... ( read original story ...)
Chinese media urge change after football champions’ financial collapse
The "shocking" collapse of champions Jiangsu FC is a watershed for Chinese football that should prompt a rethink from top to bottom, state media said.. Read more at straitstimes.com. ( read original story ...)