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BILLIONAIRE Jack Ma’s Ant Group is poised to pull off what could be the biggest initial public offering ever by simultaneously listing in Hong Kong and Shanghai.
HONG KONG/BEIJING: Ant Group, the Chinese financial technology giant backed by Alibaba Group, gave the public a first look at its financial health on Tuesday when its filed for a dual listing in Hong Kong and Shanghai in what is potentially the world's largest IPO.
BEIJING (Xinhua): China's consumer finance firms reported a steady expansion in their client base as small-sum and convenient loans continued to gain popularity, according to an industry report.
Bank expects 50% loan volume compared to previous years
SINGAPORE: Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector.
PETALING JAYA: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September, whereby the moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.
KUALA LUMPUR: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September whereby moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.
MITO, Japan (AP): Shares were mixed in Asia on Wednesday (July 22), with Australia’s benchmark down more than 1% on reports of a sharp rise in coronavirus cases in the Melbourne area.
JAKARTA: Indonesia has increased tax incentives for businesses in a move to try and limit the economic impact of the coronavirus pandemic, its tax office said.
BEIJING (China Daily/ANN): China has reiterated that it would not allow banking and insurance institutions to clandestinely divert funds to bourses and the real estate sector amid renewed efforts to curb financial risks and stock market volatility, and home price spurts.