All posts tagged "Ant Financial"
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253Capital RegulationPBOC Accepts Applications to Establish Financial Holding Companies
China CITIC Limited and China Everbright Group have become the first to apply for approval to establish financial holding companies.
June 8, 2021 -
467ChinaChinese Fintechs Remove Bank Deposit Products from Online Platforms
Smaller regional lenders have circumvented the geographical limits of their licences by offering deposit products on online platforms operated by Ant Group and Tencent, among others.
December 23, 2020 -
3.0KFeatureTwo More Virtual Banks Launch in Hong Kong
Ant Bank and Ping An OneConnect Bank launched virtual banks in Hong Kong. Fusion Bank is the only virtual bank that has not yet commenced operations.
October 1, 2020 -
1.4KCapital RegulationPBOC Publishes Final Rules for Financial Holding Companies
Existing groups that meet the requirements have 12 months to apply to the PBOC for establishment and licensing, with at least CNY 5 billion in registered capital.
September 15, 2020 -
1.6KCapital Regulation
State Council Approves Rules for Financial Holding Companies
Based on last year's consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
September 7, 2020 -
1.3KChina
PBOC Pushes for Antitrust Probe into Alipay, WeChat Pay
The State Council’s antitrust committee has reportedly been collecting information on the two payments giants for over a month but has not yet decided whether to launch a probe.
August 3, 2020 -
2.3KBig PictureVirtual Banks Could Shake Up Funds Industry – Report
Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.
July 3, 2020 -
936ChinaMAS Seeks Cooperation with China on Green Finance
MAS managing director Ravi Menon suggests that China and Singapore work together to create frameworks for green and sustainability-linked loans, customised for Chinese and Singaporean SMEs.
June 23, 2020 -
2.3KAML / KYCIndia to Tighten KYC Rules for Hong Kong, China FPIs
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
May 27, 2020 -
1.6KChinaFund Houses Plot China Growth Plans After Rules Relaxed
With full ownership now on the table and various alternatives also open, foreign fund groups in China are weighing how to expand into a fast-changing market with lots of potential.
April 22, 2020
