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Business 24 Feb 2021 | 7:00 AM

Infinity Q to shut US$1.8bil fund amid SEC probe

NEW YORK: Infinity Q Capital Management is shutting a US$1.8bil mutual fund after learning that the US Securities and Exchange Commission is investigating whether the firm’s chief investment officer incorrectly valued complex derivatives.

Business 23 Feb 2021 | 7:00 AM

Beijing’s new rules up control over lending risk

BEIJING: China unveiled detailed requirements and quantitative indicators to further tighten control over risks in relation to commercial banks’ online lending business facilitated by their partners, the country’s top banking and insurance regulator has announced.