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SHANGHAI: China's central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a whole year.
Regulators have instructed Ant Group to form a financial holding company under their supervision as well as shrink its money market fund Yu’ebao. The revamp sets the clock ticking again on Ant Group’s countdown to IPO.
BEIJING (Reuters) - Ant Group, the fintech affiliate of Alibaba Group Holding Ltd, will restructure as a financial holding company, China's central bank said on Monday, Ant has formed a "comprehensive and feasible restructuring plan," at the urging of financial regulators, the People's Bank of China (PBOC) said.
China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the matter.
BEIJING (China Daily/ANN): China has come out with steps to improve the standards and regulations of credit ratings and urged companies to improve their ratings methodology, strengthen corporate governance and bolster information disclosure.
China digital currency to ‘provide backup’ for Alipay, Tencent’s WeChat Pay if ‘something happens’ to internet giants
China’s central banks says the government digital currency is needed to ensure stability if Alipay and WeChat Pay hit financial or technical problemsChina has also called on major central banks to work together to ensure sovereign digital currencies are compatible with each other
China’s central bank said digital Yuan to co-exist with private online payment platforms, while also protecting the nation's monetary sovereignty.
BEIJING: The People’s Bank of China (PBoC), the central bank, has decided to adjust its monetary policy framework by including climate change-related factors, an indication that policymakers are focusing more on sustainability and financial stability as the economy continues to recover from Covid-19 shocks, experts said.