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Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

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Thematic (Sector/Industry)

<ul><li>Two digital banks backed by Ant Group and Tencent Holdings reported a rise in bad loans and slower growth of their balance sheets but also posted higher profits and healthy liquidity metrics</li><li>Ant Group-backed MYbank said its nonperforming loan ratio for 2022 was 1.94%, up 0.41 of a percentage point from the previous year. </li><li>That was still lower than the average ratio of 2.18% for small and midsize enterprise loans in China, according to the online lender’s annual report.</li></ul>

Two digital banks backed by Ant Group and Tencent Holdings reported a rise in bad loans and slower growth of their balance sheets but also posted higher profits and healthy liquidity metricsAnt Group-backed MYbank said its nonperforming loan ratio for 2022 was 1.94%, up 0.41 of a percentage point from the previous year. That was still lower than the average ratio of 2.18% for small and midsize enterprise loans in China, according to the online lender’s annual report.

Top Chinese Digital Banks Report More Bad Loans but Higher Earnings

Cross Asset Strategy

<ul><li>Time banks / In Depth: Why time banks haven’t caught on in China</li><li>Digital banks / Top Chinese digital banks report more bad loans but higher earnings</li><li>Banking / In Depth: China’s banks look to bolster bottom line after lending binge</li></ul>

Time banks / In Depth: Why time banks haven’t caught on in ChinaDigital banks / Top Chinese digital banks report more bad loans but higher earningsBanking / In Depth: China’s banks look to bolster bottom line after lending binge

CX Daily: Why Time Banks Haven’t Caught On in China

<ul><li>Ant Group / In Depth: The questions hanging over Ant Group</li><li>Davos / China-U.S. ties are more robust than people think, Bloomberg chief says</li><li>Personnel / Harvard-trained former PBOC deputy governor appointed Beijing mayor</li></ul>

Ant Group / In Depth: The questions hanging over Ant GroupDavos / China-U.S. ties are more robust than people think, Bloomberg chief saysPersonnel / Harvard-trained former PBOC deputy governor appointed Beijing mayor

CX Daily: The Questions Hanging Over Ant Group

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In Depth: Behind the massive sell-off in Chinese wealth management products.
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Pfizer CEO dismisses reports of a Paxlovid generic for China.
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Local governments set to borrow $146 billion in first quarter.
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In Depth: Behind the massive sell-off in Chinese wealth management products.


Pfizer CEO dismisses reports of a Paxlovid generic for China.


Local governments set to borrow $146 billion in first quarter.



CX Daily: Behind the Massive Sell-Off in Chinese Wealth Management Products

Equity Bottom-Up

<ul><li>Ant Group Co. Ltd.’s online lending subsidiary has been given the go-ahead from regulators to boost its registered capital by 10.5 billion yuan ($1.5 billion), marking a key step forward in the fintech giant’s government-driven, year-long revamp</li><li>The approval was granted a month and a half after some of the unit’s shareholders disclosed the plan, underscoring the recent pledge by authorities to promote healthy development</li><li>Ant Group, backed by billionaire Jack Ma’s e-commerce giant Alibaba Group Holding Ltd., has been conducting a rectification required by the government since a regulatory storm saw its planned blockbuster IPO suspended in November 2020</li></ul>

Ant Group Co. Ltd.’s online lending subsidiary has been given the go-ahead from regulators to boost its registered capital by 10.5 billion yuan ($1.5 billion), marking a key step forward in the fintech giant’s government-driven, year-long revampThe approval was granted a month and a half after some of the unit’s shareholders disclosed the plan, underscoring the recent pledge by authorities to promote healthy developmentAnt Group, backed by billionaire Jack Ma’s e-commerce giant Alibaba Group Holding Ltd., has been conducting a rectification required by the government since a regulatory storm saw its planned blockbuster IPO suspended in November 2020

Ant Group’s Lending Unit Gets Approval for $1.5 Billion Capital Boost

China

Ant Group Co., Ltd. develops online payment platforms. The Company produces credit system and financial services platforms which provide consumers and small businesses with safe and convenient inclusive financial services globally. Ant Group provides its services worldwide.

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Ant Group (6688 HK)

Top Chinese Digital Banks Report More Bad Loans but Higher Earnings

Two digital banks backed by Ant Group and Tencent Holdings reported a rise in bad loans and slower growth of their balance sheets but also posted...

Caixin Global

CX Daily: Why Time Banks Haven’t Caught On in China

In Depth: Why time banks haven’t caught on in China. Top Chinese digital banks report more bad loans but higher earnings. In Depth: China’s banks...

Caixin Global

CX Daily: The Questions Hanging Over Ant Group

In Depth: The questions hanging over Ant Group. China-U.S. ties are more robust than people think, Bloomberg chief says. Harvard-trained former...

Caixin Global

CX Daily: Behind the Massive Sell-Off in Chinese Wealth Management Products

In Depth: Behind the massive sell-off in Chinese wealth management products. Pfizer CEO dismisses reports of a Paxlovid generic for China.

Caixin Global

Ant Group’s Lending Unit Gets Approval for $1.5 Billion Capital Boost

Ant Group’s online lending subsidiary has been given the go-ahead from regulators to boost its registered capital by 10.5 billion yuan ($1.5...

Caixin Global

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