U.S.-China stock cooperation moves ahead with fines on two PwC China affiliates
The U.S. securities regulator’s accounting arm fined PwC’s Hong Kong and Shanghai units $7 million after hundreds of their workers cheated on online training tests Key Takeaways: The accounting arm…
PODCAST: Ant Group and Tencent slapped with fines, and Freshippo steps up for IPO
China’s central bank has slapped major fines on Ant Group and Tencent, including a nearly $1 billion fine on Ant, operator of Alipay. Is this the start of a new round of big fines on China’s big tech? Or does it mark the end of a recent storm of regulation that began after outspoken Alibaba founder Jack Ma criticized the government?
In ‘Summer of Regulation,’ Companies Should Look for Positives
By Doug Young When God gives you lemons, make lemonade. Ok, maybe that’s just slightly cliché. But the old saying could also offer some words of wisdom for companies and…
Lexin Slows Down Lending as Latest Regulatory Wave Rocks Fintechs
Company scales back 2021 loan facilitation goals amid latest talk that Beijing could sharply lower interest rate cap for personal loans Key Takeaways: • LexinFintech is voluntarily slowing down its…
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