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S&P lowers China's credit rating, citing rising financial risks
Standard and Poor's has lowered China's sovereign credit rating due to risks associated with its increasing debt, but said its long-term outlook for the country remained "stable."
 
China central bank to regulate rapidly growing fintech
Big third-party payment firms, P2P lenders likely to come under PBOC oversight.
 
Inclusive finance to lift Chinese fintech firms
With more banks offering services for inclusive finance, companies offering credit reporting systems based on big data analysis will benefit, said analysts.
 
Alibaba eyes rich fresh produce harvest
Alibaba Group Holding Ltd is betting big on the fresh produce market by upping the ante in a major fresh food e-commerce platform.
 
Alipay, WeChat Pay vie for customers in China
Chinese mobile payment leaders Alipay and WeChat Pay are engaged in a weeklong battle from Aug. 1 to Aug. 8 to encourage consumers to use their e-wallet solutions amid an escalating duel for digital payment supremacy.
 
Guidelines issued for Chinese local govts to issue special bonds
The Chinese Ministry of Finance on Wednesday issued guidelines allowing local governments to issue special bonds.
 
Alibaba, Tencent eye stake in China Telecom
China United Network Communications Group Co, China's second-largest mobile carrier by subscribers, has set up two operating centers to deepen cooperation with Alibaba Group Holding Ltd and Tencent Holdings Ltd.
 
Chinese investors on shopping spree for landmarks
First, it was The Cheesegrater; then, The Walkie-Talkie. Now, industry analysts are asking what will be next as Chinese commercial property investors snap up London landmarks. The Gherkin? The Shard?
 
For Chinese users, new global standard for QR codes is good news
In China, QR code is popular and has become dominant in the digital payment sector. It is the preferred method of both merchants and consumers, online and offline.
 
Xiaomi secures US$1 billion loan to aid retail, global expansion
Xiaomi announced Friday that its wholly owned subsidiary Xiaomi HK Ltd has signed a three-year $1 billion syndicated loan agreement with 18 banks.
 
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