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1 week ago | 
caixinglobal.com | Liu Ran |Denise Jia
Ant International, the overseas arm of Alibaba-backed Ant Group Co. Ltd., has released its first sustainability report since becoming an independent entity — revealing expansive global operations and re-igniting speculation over a potential Hong Kong initial public offering (IPO).
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2 weeks ago | 
caixinglobal.com | Liu Ran |Denise Jia
Ant Group confirmed on Thursday that it is speeding up global investments in stablecoin innovation by applying for a license in Hong Kong, aiming to support the city’s push to become a global financial center as its new stablecoin regulatory framework takes effect on August 1.
In a statement, Ant Group, the tech company behind Alipay, said it welcomes Hong Kong’s newly passed Stablecoin Bill and plans to submit its license application as soon as the regulatory process opens.
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3 weeks ago | 
caixinglobal.com | Qing Na |Wang Xiaoqing |Liu Ran
Explore the story in 3 minutesThe Chinese mainland has introduced a new, legally compliant mechanism for disposing of cryptocurrencies seized in law enforcement cases. This approach allows authorities to convert digital assets into real money through licensed exchanges in Hong Kong while adhering to the mainland's strict regulations on virtual currencies, which prohibit trading cryptocurrencies on the mainland itself.
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1 month ago | 
caixinglobal.com | Ding Feng |Liu Ran |Denise Jia
Explore the story in 3 minutesChina's personal lending market is facing severe distress as of 2025, with branch managers of major state-owned banks actively pursuing clients to pay at least the interest on their loans to prevent defaults. The pressures have intensified from concerns in early 2024 into a crisis involving housing mortgages, consumer credit, credit card debt, and small business loans—all experiencing delinquency rates unseen since the 2008 financial crisis.
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1 month ago | 
caixinglobal.com | Ding Feng |Liu Ran |Denise Jia
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Every month, as interest payment deadlines approach, the branch manager of a major state-owned bank in eastern China braces himself.
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1 month ago | 
caixinglobal.com | Liu Ran |Qing Na
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Ant Group Co. Ltd., the fintech giant backed by Alibaba Group Holding Ltd., is seeking a Hong Kong listing for its international unit, Caixin learned from sources with knowledge of the matter.
The group is in talks with relevant regulatory bodies over a Hong Kong IPO for Ant International and has received indications that there are currently no policy obstacles, sources close to the group told Caixin.
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1 month ago | 
caixinglobal.com | Wang Liwei |Quan Yue |Liu Ran
上任百日，美国新一任总统唐纳德·特朗普在试图颠覆世界贸易秩序的同时，还在“去监管”的朝向中，重塑美国的金融秩序，从限制各类监管机构独立性的行政令，到不断掀起惊涛骇浪的个人言论，最终落实到取向鲜明的监管高层人事任命，令全球市场在惊愕与哗然中强震不断。 In his first 100 days in office, the new U.S. President Donald Trump has sought to upend the global trade order and, at the same time, reshape America's financial system with a push for "deregulation." Through executive orders curbing the independence of various regulatory agencies, a steady stream of dramatic and controversial personal remarks, and a series of...
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Feb 16, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
Explore the story in 3 minutesWu Qing, a small garment factory owner in Shandong province, faced a financial crisis as his business deteriorated post-pandemic. He incurred 300,000 yuan in loans for business expansion in 2019, then borrowed another 500,000 yuan through consumer loans and credit cards to sustain his business amidst economic woes.
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Feb 16, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Zhang Yuzhe |Han Wei
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Wu Qing found himself in an overwhelming predicament as his loan repayments piled up.
The owner of a small garment factory in Shandong province, he had borrowed 300,000 yuan ($41,000) in personal business loans in late 2019 to expand production as his business took off. When the pandemic struck, however, his operations faltered.
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Jan 19, 2025 | 
caixinglobal.com | Ding Feng |Liu Ran |Wu Yujian |Quan Yue
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