Topics
Fintech/Internet Finance
From peer-to-peer (P2P) lending to third-party payment, from blockchain to data-mining, the intersection of finance and technology is drawing in new investments as well as more regulatory oversight in China.
In Depth: The Rectification and Remaking of Ant Group
Although the worst-case scenario of a breakup has been avoided, Jack Ma’s fintech behemoth will be forced to undergo a major restructuring
Alibaba Weighs Ceding Control of Some Businesses After Major Overhaul
China’s online commerce leader unveiled plans earlier this week to split its $250 billion empire six ways
Hong Kong Fund Aims to Bet $100 Million on City’s Crypto Push
ProDigital Future Fund has secured at least $30 million and will target early-stage ventures, particularly tech companies with ties to China transitioning into Web3
Editorial: Lessons From the Collapse of Silicon Valley Bank
By taking every crisis suffered by others seriously, we can minimize our own crises
Qutoutiao Becomes Yesterday’s News With Nasdaq Delisting
The former high-flying news aggregator app said it won’t appeal its imminent eviction from the stock exchange for failing to meet several listing requirements
China Strengthens Communist Party Oversight of Financial Sector
Latest regulatory overhaul includes creation of two powerful party commissions as China wrestles with managing risks in massive sector
In Depth: Solving China’s Soaring Youth Unemployment
Spurring confidence in the private sector is key and a failure to do so may dampen the economic prospects of society as a whole, experts say
Tech Insider: TikTok on Thin Ice, Premier Reassures Private Sector
China seeks a balance with its new national data bureau, ‘Big Fund’ gets new head after scandals
In Depth: The Role of China’s Newly Created National Data Bureau
New arm of the NDRC is expected to balance supervision of data with encouragement of the digital economy, accounting for 17% of GDP
Cover Story: China’s Financial Industry Regulators to Get Reshuffle of Responsibilities
A new oversight authority, the National Financial Regulatory Administration, is approved at the annual meeting of the national congress.
Shanghai Composite Index Fell 1.4% on Friday
Shenzhen Component Index closed down 1.19%
CX Daily: Uncertainty Undermines Prospects of China’s Homegrown Covid Antivirals
China vows to get tough on online crimes behind cyberbullying. Officials face steep pay cuts under the country’s financial regulatory overhaul
WeChat Steps Up E-Commerce Push on Short Video Platform
Tencent’s super app sees new profits in Channels’ 813 million users as it races against a similar drive by ByteDance’s Douyin
Wang Tao: Takeaways From China’s Government Work Report
UBS has upgraded its GDP growth forecast for the country to 5.4% for 2023 and 5.2% for 2024
Business Leaders Push Tech Agenda at China’s ‘Two Sessions’
Captains of industry such as Xiaomi CEO Lei Jun put forward suggestions on topics including vehicle data security, aviation biofuel and incentives for rural people to buy new-energy vehicles
Editorial: To Boost Confidence, Actions Speak Louder Than Words
Strong implementation of reform policies is pivotal to restoring the private sector’s confidence and stabilizing its expectations
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