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China plans to impose “special and innovative regulatory measures” on financial technology behemoths such as Jack Ma’s Ant Group Co to eliminate monopolistic practices and strengthen risk controls.
IN the past few years, significant and rapid progress has been made in the field of artificial intelligence (AI). It’s come to a point where students and their parents are understandably asking: “If I enrol in a particular degree, will I end up in a dead-end career because the job will eventually be done by machines?”
SINGAPORE: Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting major Chinese applicants.
SHENZHEN (Reuters): The southern Chinese technology hub of Shenzhen, notorious for its long work hours, will become China's first city to require that workers take paid leave, a move to help reduce burnout that may be replicated in other parts of the country.
NAIROBI, Nov. 9 (Xinhua) -- The motorbike rider carrying a box branded the name of a global fast-food chain maneuvered between vehicles stuck in a traffic jam in Kenya's capital Nairobi about noon on Monday.
HONG KONG, Nov 9 (Bloomberg): China's move to halt Ant Group's massive stock debut could reduce the fintech giant's value by as much as US$140 billion (S$188 billion), according to analysts' revised estimates.
HONG KONG, Nov 9 (SCMP): Two dozen investment banks had been set to receive a fee worth 1 per cent of the offering in Hong KongThe deal had been set to shake up the league table for Hong Kong’s equity capital market transactions
BEIJING: For once, the Chinese are concerned about the wealth of the country’s richest man more than the money in their own pockets.
BEIJING: The decision to suspend Ant Group's planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior central bank official said on Friday.