Eric Jing, executive chairman of Ant Group, said the company will find a "short-term liquidity solution" for employees and committed to an IPO. ( read original story ...)
Ant Group tells staff it hopes to resume IPO, as Beijing finalises new rules for digital lenders
Ant Group has told employees that it was hopeful of eventually resuming its initial public offering (IPO), and that before this materialises it was working on a plan to provide a solution for staff ... ( read original story ...)
BRICS bank loans China billions for post-epidemic recovery
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 ...)