China approves plan for ‘healthy’ development of fintech sector

22/6/2022 4:35:00 PM

Tech: China approves plan for ‘healthy’ development of fintech sector - Bloomberg

Tech: China approves plan for ‘healthy’ development of fintech sector - Bloomberg

(June 22): Chinese President Xi Jinping chaired a meeting Wednesday that approved promoting the “healthy” development of the payment and fintech sectors, a sign that a broad crackdown on tech companies like Ant Group Co may be easing.The meeting of the central commission for deepening overall reform also backed enhancing regulation of major payment platforms, state broadcaster China Central Television reported, adding that companies would be encouraged to return to their roots while the authorities will improve regulation.As part

(June 22): Chinese President Xi Jinping chaired a meeting Wednesday that approved promoting the “healthy” development of the payment and fintech sectors, a sign that a broad crackdown on tech companies like Ant Group Co may be easing.The meeting of the central commission for deepening overall reform also backed enhancing regulation of major payment platforms, state broadcaster China Central Television reported, adding that companies would be encouraged to return to their roots while the authorities will improve regulation.

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A (June 22): Chinese President Xi Jinping chaired a meeting Wednesday that approved promoting the “healthy” development of the payment and fintech sectors, a sign that a broad crackdown on tech companies like Ant Group Co may be easing.TAIPEI: Taiwan menerbangkan jet dan pesawat pengebom bagi memberi amaran terhadap 29 pesawat China yang memasuki zon pertahanan udara di selatan pulau itu.Ma Aijun, the police chief of the district in the northern city of Tangshan where incident occurred earlier this month, along with four other officers was being probed for"severe disciplinary violations,” China Central Television reported Tuesday (June 21), citing the anti-graft agency in Hebei province.Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.

The meeting of the central commission for deepening overall reform also backed enhancing regulation of major payment platforms, state broadcaster China Central Television reported, adding that companies would be encouraged to return to their roots while the authorities will improve regulation. As part of the plans, China would ensure the security of payment and financial infrastructure, and work to prevent and defuse systemic financial risks, CCTV said. Bagaimanapun, pesawat yang disertai senjata peperangan elektronik dan pesawat pengumpul perisikan terbang ke Saluran Bashi yang memisahkan Taiwan dari Filipina dan ke Pasifik, kemudian berpatah balik ke China dalam laluan yang dimasuki. The government will also enhance oversight of financial holding companies and financial institutions invested by platform firms, the report said, without adding details. That story didn’t provide the deputy’s full name. Beijing has promised to unwind crackdowns that torpedoed Ant’s record initial public offering in 2020 and ensnared every sector from online education to gaming. Pencerobohan terbesar sejak akhir Mei lalu, yang menyaksikan 30 pesawat China berada di Zon Pengenalan Pertahanan Udara (ADIZ) Taiwan meningkatkan lagi ketegangan antara kedua-dua negara. Once Ant is able to set up the financial holding company, it can fold key operations into the entity, following a framework laid down by the Central Bank last year. But opting out of some of these cookies may have an effect on your browsing experience.

A meaningful relaxation of curbs on Ant — one of the most high-profile casualties of Xi’s sweeping clampdown — would send a powerful signal that policy makers are following through on recent pledges to support the industry. Beijing belum memberikan sebarang maklum balas dan sebelum ini hanya memberikan alasan latihan yang bertujuan melindungi kedaulatan negara. In a sign of how the attack was still resonating with the Chinese public on Tuesday, social media users were pointing out that local police initially said they responded to the attack within five minutes but Hebei authorities later said it took them 28 minutes. The Communist Party’s evolving stance toward the private sector has become one of the most closely watched developments in global markets in recent years, with some observers even calling China’s sprawling internet sector uninvestable. While Ant has said it has no plans to initiate an IPO, the company’s Chairman Eric Jing said last year that it would eventually go public. Jumaat lalu, China melancarkan kapal pengangkut pesawat ketiga, Fujian, yang dinamakan sempena wilayah yang bertentangan Taiwan. Subscribe to Mid-day email alert We deliver news to your inbox daily . After the attack on the four females in Tangshan, an industrial city about 100km east of Beijing, state-run China Daily newspaper dismissed the idea it exposed any problem with women’s rights, saying in a commentary that the case"should never be interpreted as any form of sexual antagonism.