Bloomberg Business

China Weighs Steps to Shore Up ‘Too-Big-to-Fail’ Developers

Chinese authorities are planning to usher in further support measures to ease liquidity stress at some of the nation’s too-big-to-fail developers as the property downturn persists, according to people familiar with the matter.

Jack Ma’s Ant Wins Approval for $1.5 Billion Capital Plan

Chinese regulators approved a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit, signaling progress in the government-ordered overhaul of the financial technology firm.

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