China makes preparations for Evergrande’s demise
The officials characterized the actions being ordered as “getting ready for the possible storm,” saying that local-level government...
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Beijing to break up Ant’s Alipay and force creation of separate loans app
Chinese regulators have already ordered Ant to separate from its main business the company’s two lending units — Huabei, which is similar...
Weibo bans 52 accounts, some with millions of followers, in campaign against financial misinformation on social media
Weibo said the closed user accounts represented only the first batch that the Beijing-based social media giant, with around 566m monthly...
Chinese state firms to take big stake in Ant's credit-scoring JV
The partners plan to establish a personal credit-scoring firm, said the people, adding that such a firm and ownership structure was one...
China reiterates crypto bans from 2013 and 2017
The three entities published a note Tuesday confirming bans originally implemented in 2013 and 2017 that bar financial and payment...
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