All posts tagged "Alipay"
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41ChinaAnt Group’s Huabei Starts Reporting Credit Data to PBOC Database
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021 -
204China
Ant Group Ordered to Separate Lending Apps from Alipay
Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
September 14, 2021 -
203ChinaPBOC Introduces New Business Reporting Rules for Payment Firms
Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as 'significant matters'.
September 3, 2021 -
156FeatureBig Tech Brings ‘New and Unfamiliar’ Challenges: BIS
A purely activity-based approach to regulating big tech is likely to fall short. Central banks need to more closely coordinate with competition and data governance authorities.
August 6, 2021 -
196AML / KYCPBOC Directs Banks & Alipay to Stamp Out Crypto Activity
Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.
June 23, 2021 -
197Capital Regulation
CBIRC Green-lights Ant Group Consumer Finance Unit
Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
June 4, 2021 -
295China
Ant Group Suspends ABS Products Amid Regulatory Pressure
The suspended asset-backed securities are backed by online loans sold on Ant Group's online lending platforms, Huabei and Jiebei.
May 28, 2021 -
374China
Regulators Order Ant Group to Establish Financial Holding Company
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021 -
389China
PBOC Proposes Global Rules for CBDC Monitoring, Data Sharing
The PBOC suggests CBDC systems of different jurisdictions should be interoperable for monitoring and information sharing.
April 1, 2021 -
246ChinaVanguard Scraps Plans to Obtain China Mutual Fund Licence
Vanguard says the mutual funds market is “fairly crowded” and that it would instead focus on a JV with Ant Group providing robo-advisory services to retail investors.
March 19, 2021
