Steven Zhang Kangyang, chairman of Italian Serie A team Inter Milan and son of former Suning Appliance Group chairman Zhang Jindong, was ruled by the Chinese High Court on July 19 to pay a debt of US$255 million. Zhang Kangyang was petitioned by China Construction Bank (CCB) last year on behalf of his creditors to…
Chinese Chairman of Inter Milan Football Club Ordered to Repay US$255 Million Debt
China Insider: Ant Group Subjected to CCP’s Financial Regulation
January 7, 2021
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AlibabaAnt Grouparbitrage violationCCPChinaChina InsiderChinese Communist PartyChinese economyChinese Regimecollapsee-commercefinanceJack MaMYbankNews VideosPan GongshengsupervisionThe central bank of the CCPVideoZhang Jindong
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Ant Group, a subsidiary of China’s e-commerce giant Alibaba, has recently been repeatedly summoned to a meeting with the four major financial regulators of the Chinese Communist Party (CCP). The central bank of the CCP has also come forward to accuse Ant Group of arbitrage violations and asked the group to rectify them. The central…
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