China

Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.

It will become SZRCB’s largest shareholder upon the deal’s completion.

Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.

The surge in lending during the first two months of the year stoked bubble risks.

The surge in lending during the first two months of the year stoked bubble risks.

Additional schemes could stifle growth of cross-provincial borrowing. China’s leading non-banking financial firms face the risk of antitrust investigations and forced divestitures once the country’s new regulations come into play, also potentially hindering cross-provincial lending, consumer borrowing, and the growth of the country’s online microlenders.

The rules will also hopefully insulate firms' finances from other risks.

And Coupang’s IPO is set to be the largest listing by a Korean firm in a decade.

However, there may be risks over the immediate term due to new COVID-19 wave.

The Industrial & Commercial Bank of China has almost $5t in total assets.

Regulators have set various grace periods for different platforms.

The PBOC said authorities won’t make 'sharp turns' in monetary policy.

PBOC is still investigating monopolies in the fintech company.

It bought the remaining 30% stake of GoPay last December.

The upcoming lower interest rates on informal lending will kick on growth prospects.

The banking system is expected to extend $420b in new loans to micro and small businesses.