All posts tagged "Ant Group"
-
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 -
121ChinaPBOC Receives Third Financial Holding Company Application
Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.
August 30, 2021 -
176China
China Sets Timelines for Fintechs to Complete Restructuring
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021 -
105China
Ant Group In Talks to Share Credit Data with SOEs
The plan may resolve the PBOC's long-standing concerns about a lack of visibility into the country’s consumer debt market.
June 28, 2021 -
191Capital Regulation
PBOC 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 -
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 -
136Asia-PacificLINE to Roll Out Digital Banking Platform in Indonesia
The launch will mean Japan's LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
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
