Heng Xie

China’s central bank halts Tencent, Alibaba mobile payment process

November 4, 2021 at 1:25 a.m.

HONG KONG/BEIJING (Reuters) - China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies...

China’s central bank halts Tencent, Alibaba mobile payment process

December 23, 2018 at 10:48 p.m.

HONG KONG/BEIJING (Reuters) - China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies...

China issues fresh curbs on shadow banking

August 25, 2021 at 12:02 a.m.

BEIJING/SHANGHAI (Reuters) - China's cabinet has issued new guidelines to strengthen regulation of the shadow-bank lending that has helped fuel an explosion in debt levels since 2008, in the latest...

Bank of China closes account of key North Korean bank

August 24, 2021 at 2:17 p.m.

BEIJING (Reuters) - Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it...

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