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13 Chinese Internet Financial Giants Interviewed Amidst a CCP Internal Power Struggle

China’s Regulators Warn 13 Chinese Internet Firms Amidst Internal Power Struggle
Among other issues, supervision of the shareholding structure and capital was reportedly emphasized in the interviews.
Four Chinese financial regulators, including the People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, and the State Administration of Foreign Exchange, jointly interviewed representatives of the financial platform companies on April 29.
The interviewed giants are Tencent, Du Xiaoman Financial, JD.com, ByteDance, Meituan Finance, Didi Finance, Lufax, Tianxing Data, 360 DigiTech, Sina Finance, Suning Finance, Gome Finance, and Trip.com Group Finance.
Similar to Ant Group, these 13 companies all have integrated operations, large business volume, and strong industry influence. ....

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China blocked Jack Ma's Ant IPO after an investigation revealed who stood to gain

China blocked Jack Ma’s Ant IPO after an investigation revealed who stood to gain
FILE PHOTO: REUTERSPremium
Lingling Wei
, The Wall Street Journal
Well-connected Chinese power players, including some with links to political families that represent a potential challenge to President Xi, were behind layers of opaque investment vehicles. The information added to concerns about financial risk and anger at Ma’s outspoken criticism.
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When China’s leader Xi Jinping late last year quashed Ant Group’s initial public offering, his motives appeared clear: He was worried that Ant was adding risk to the financial system, and furious at its founder, Jack Ma, for criticizing his signature campaign to strengthen financial oversight. ....

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WSJ: власти КНР заблокировали IPO Ant после расследования о его возможных бенефициарах — Tazabek

WSJ: власти КНР заблокировали IPO Ant после расследования о его возможных бенефициарах — Tazabek
tazabek.kg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tazabek.kg Daily Mail and Mail on Sunday newspapers.

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WSJ: власти КНР заблокировали IPO Ant после расследования о его возможных бенефициарах

WSJ: власти КНР заблокировали IPO Ant после расследования о его возможных бенефициарах
forbes.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.ru Daily Mail and Mail on Sunday newspapers.

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La Chine a retoqué l'IPO d'Ant après qu'une enquête a révélé le nom des bénéficiaires potentiels de l'opération – Economie

La Chine a retoqué l'IPO d'Ant après qu'une enquête a révélé le nom des bénéficiaires potentiels de l'opération – Economie
lopinion.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lopinion.fr Daily Mail and Mail on Sunday newspapers.

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