China’s top chipmaker says it can match Samsung on memory tech

Yangtze Memory Technologies, China’s top memory chipmaker, has announced it is now able to build chips that match the most advanced offerings of international industry leaders, though it remains to be seen if this breakthrough will translate to successful mass production. On Monday, the Chinese national champion said its 128-layer 3D NAND flash memory chip samples have been verified by the … https://s.nikkei.com/2VB73lM

China central bank tests new regulations on Ant Financial and Suning.com

China is testing new regulations on five financial holding companies, including e-commerce giant Alibaba’s fintech affiliate Ant Financial Service , paving the way for tighter oversight of the fast-growing sector. The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned co … https://s.nikkei.com/2PaJ2Bs

China issues rules for online financial bodies to battle money laundering

China’s central bank on Wednesday issued anti-money laundering and counter-terrorism financing regulations for online financial institutions, as part of Beijing’s efforts to rein in financial risks. The institutions must set up internal control mechanisms for combating money laundering and terrorism financing, follow “know your customer” (KYC) rules, and report lar … https://s.nikkei.com/2NAL2NS

China’s state banks to boost lending as Beijing fans economy

Additional loans to infrastructure and small businesses risk return of bad debt. China’s big four state banks have reported healthy finances for the first half of the year, with profits growing and bad debts shrinking. But for the second half, they intend to expand loans at the government’s behest, posing the risk of falling backward again. “State-owned commercial … https://s.nikkei.com/2wPZJac