All posts tagged "Alibaba"
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410ChinaChina Announces Tax Breaks for Investors in CDRs
Investors will be exempt from tax on profits from trading CDRs for three years, in addition to preferential tax treatment on dividend income.
April 17, 2019 -
475Fintech / RegtechXiaomi Seeks Entry to India Payments Market
The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.
August 30, 2018 -
385ChinaChina Blocks 124 Offshore Crypto Trading Platforms
In the latest move in a long line of measures to stamp out cryptocurrency trading, payments and ICOs in the country, the PBOC will block the IP addresses of over 120 offshore crypto exchange platforms accessible on the mainland.
August 27, 2018 -
724ChinaChina Sees Largest Ever Theft of User Data
Shenzhen-listed Ruizhi Huasheng Technology, a third party developer for state-run mobile carriers, stole up to 3 billion pieces of user data from 96 companies including Alibaba, Tencent and Baidu.
August 23, 2018 -
429China
China’s Opening Up to Foreign Third Party Online Payment Firms
Stricter regulations are intended to limit abuses, improve government oversight and allow the entry of foreign enterprises for the first time. But, a more comprehensive framework is needed to manage systemic risk posed by the sector’s rise.
August 6, 2018 -
1.5KChinaChina’s Ant Financial and WeBank – ‘Too Big to Regulate’
The Chinese government has allowed unregulated online participants to innovate and grow in a sector traditionally dominated by state banks. Systemic risk has increased by not imposing strict and comprehensive regulatory regimes.
August 2, 2018 -
495Capital Regulation
China Tightens Rules for Third Party Payment Providers
Payment firms required to gradually increase reserves to 100% of client funds and to deposit all reserves at central custodian by 14 January; All online payments to be settled by central bank clearinghouse moving forward.
July 2, 2018 -
244China
First CDR Applicant Xiaomi Postpones Mainland Listing
Xiaomi, the first applicant for China’s Depository Receipt programme has decided to put its CDR offering on hold until after its Hong Kong IPO later this month.
June 20, 2018 -
401ChinaChina Tightens Rules on Money Market Funds
New rules cap individual redemptions from money market funds at ¥10,000; payment companies banned from advancing cash to realise same-day redemptions.
June 4, 2018 -
315ChinaChina’s First Private Credit Scoring Firm Starts Operation
Baihang Credit Scoring has become the first private credit-scoring firm in China, licensed by PBOC and backed by NIFA as well as 8 credit firms including Tencent Credit and Alibaba's Sesame Credit.
May 25, 2018
