China extends crackdown on Ant Group

Source: Dukascopy Bank SA
The crackdown on Ant Group directed by the Central Bank of China subjects the company to tougher capital requirements and regulatory oversight and requires it to remove links between Alipay and other businesses.
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Mon, 12 Apr 2021 17:25:53 GMT

China new bank loans increase

New bank loans in China increased by more than expected to $416.62B in March from $210B in February, data released by the People's Bank of China show.

Mon, 12 Apr 2021 15:30:38 GMT

Biden infrastructure plan assigns $50B for chip research, manufacturing

The US President Joe Biden's $2 trillion infrastructure plan includes $50B for semiconductor research and production, the White House reports.

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