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 weeks 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

2 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

2 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…

4 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…

4 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…

4 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…

5 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…

5 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…

8 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…

8 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…

9 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