All posts tagged "Ant Financial"
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716Capital 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 -
1.1KCapital 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 -
1.1KChinaPBOC 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 -
1.7KBig 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 -
617ChinaMAS 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 -
1.5KAML / 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 -
1.4KChinaFund 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 -
1.2KChinaGoldman, Morgan Stanley Approved to Control China Securities JVs
The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.
March 30, 2020 -
496MalaysiaMalaysia to Boost Digital Payments with $110m Giveaway
Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.
January 15, 2020 -
1.4KChinaQME to Leverage Blockchain to Standardise Warehouse Receipts
HKEX's Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.
January 13, 2020
