Banking Regulations

India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm

The fintech giant's share price has slumped more than 84% since it filed for a blockbuster IPO — India’s largest…

2 months ago

China Tightens Rules for Non-Bank Payment Firms Like Alipay

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

4 months ago

Nasdaq-Listed China Shadow Bank Down 60% on Property Crisis Hit

Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system

4 months ago

China Plans New Checks For Auditors, Accounting Firms

If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting…

5 months ago

Former VP of China’s Biggest Bank Latest to Face Graft Probe

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of…

6 months ago

China Set to Tighten Hold on Crackdown-Hit Finance Sector

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP…

6 months ago

Ex-Bank of China Chairman Arrested Over Bribery, Illegal Loans

Liu Liange is the latest influential Chinese figure from the $57 trillion financial industry to face scrutiny amid Xi Jinping’s signature…

6 months ago

China Vows Anti-Corruption Crackdown on Financial Sector

The pledge comes amid Chinese president Xi Jinping's increased focus on national security risks within the party, government, and large…

7 months ago

In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end…

10 months ago

China Bankers to Shun ‘High-End Taste’ Fearing Regulatory Ire

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has…

10 months ago

Citigroup Vows to Expand China Business Amid De-Risking Trend

The US banking giant's pledge comes even as most foreign businesses have remained reluctant to commit to growing their China…

11 months ago

Missing Chinese Banker Bao Fan ‘Assisting Authorities in Probe’

This is the first time China Renaissance Holdings has given a reason for the disappearance of its founder and star…

1 year ago