Cinda Asset Management, one of China’s bad debt managers, withdrew its plan to invest 6b yuan for a 20% stake in the consumer finance...
Huabei will only allow users who authorize sharing their credit info with PBOC to use its service. The central bank’s database will...
The partners plan to establish a personal credit-scoring firm, said the people, adding that such a firm and ownership structure was one...
China’s bank regulator tightened requirements on the internet loan business of commercial banks, amid heightened scrutiny of online...
China only introduced its framework for financial holding companies in September and many of the specifics are still being ironed out....
Ant Group is planning to turn itself into a financial holding company overseen by China’s central bank, responding to pressure to fall...
The plan under consideration for Ant involves shifting its financially-licensed businesses — which include its payments, lending,...
China’s biggest financial technology group had been set to raise $37b in the world’s largest IPO before Beijing’s intervention this...
Longer lasting implications from the Ant fiasco may come in the less eye-catching area of fintech regulation. In this field, China’s...
The Shanghai stock exchange said in a statement that Mr Ma, Ant’s founder, had been called in for “supervisory interviews” and said there...
U.S. officials are concerned that Ant Group and other Chinese fintech platforms will come to dominate global digital payments, the people...
Ant Bank was one of the 8 recipients of the virtual banking license by the Hong Kong Monetary Authority (HKMA), this launch makes it the...
Its new platform “Trusple”, a contraction of “trust made simple”, is based on the company’s blockchain technology Antchain. Buyers and...
Today, Ant is aiming for a valuation of $200b to $300b in a dual-listing in Hong Kong and Shanghai, although meetings with investors are...
Chinese fintech firm Ant Group is targeting a $225b valuation for dual listings in Hong Kong and Shanghai in what would be the biggest...
Details on the deal were not disclosed, but Reuters reported the stake to be less than 1% and a "slight uptick" from the last round,...