All posts tagged "Ant Financial"
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1.3KFintech / RegtechHKMA Grants Four More Virtual Bank Licences
Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.
May 9, 2019 -
695Big PictureBigTechs Contribute to Efficiency – and Risk – in Financial Services
A BIS working paper says BigTechs enhance competition, financial inclusion and efficiency in financial services, but they also concentrate market power and give rise to systemic risk.
April 9, 2019 -
391Capital RegulationPBOC Consults Internally on Draft Rules for Financial Conglomerates – Report
New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
December 11, 2018 -
525Capital Regulation
More Chinese Institutions to be Designated ‘Systemically Important’
Regulators will designate more financial institutions as 'too big to fail' and subject them to additional prudential and supervisory requirements.
November 29, 2018 -
437ChinaAmex Affiliate Wins Approval to Enter China Bank Card Market
The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.
November 12, 2018 -
610Big Picture
Financial Stability Risks Remain Under Control – PBOC
PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.
November 5, 2018 -
318ChinaUnionPay Extends Reach into Hong Kong, Macau, Europe
UnionPay launches mobile payments in Hong Kong and Macau, among other tie-ups in Singapore, France and the UK.
September 17, 2018 -
1.6KFintech / RegtechHKMA Receives 29 Bids for First Round of Virtual Bank Licences
Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.
September 3, 2018 -
384China
China 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 -
354China
PBOC Imposes More Fines on Payments Firms
Alipay, Union Mobile Financial Technology, and Gopay.com were fined more than a combined $11 million for various breaches in payment services regulation.
August 9, 2018
