The company said it would compete with large banks and non-bank lenders by offering unsecured trade finance with lines of up to $5 million

Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy

The pressure keeps piling on the Indian payments giant which after its IPO debacle must now deal with gloomy predictions about its future revenues

CCTV documentary alleged private companies made “unreasonably high payments” to the brother of former CCP head in Hangzhou in return for policy incentives and support in buying real estate

Earlier, rival photo and short-video platform Instagram announced it was offering paid subscriptions to a small group of influencers

The Fed stressed it is not signalling any 'decisions about the appropriateness of issuing a US CBDC' while the Bank of Russia sought a crackdown on transactions and mining

The deal will allow Shopify merchants in the US to sell their products on the Chinese company's cross-border marketplace JD Worldwide

Funding comes just weeks after Monzo fetched a valuation of $4.5 billion

The consumer finance unit of China's Ant Group will introduce four new strategic investors and boost the company's capital to $4.7 billion, an exchange filing released on Friday said

The steepest decline came this year amid crackdowns on Big Tech platforms and internet content

Firms such as Futu Holdings and UP Fintech Holding would be hit by block on mainlanders trading securities in US and Hong Kong