“Ant will continue to support bank partners to make independent credit decisions and leverage Ant’s technology platforms to serve consumers and small businesses.”The CBIRC didn’t immediately respond to a request for comment. As a result, some decided to go so big they are not allowed to fail. To enhance this record with additional information, advanced features including photographs, videos and Special Offers, The entire economy has shifted to the home, and it's not stopping anytime soon. Any suggestion that banks would stop using its platforms is “unsubstantiated,” Ant said in a response to questions from Bloomberg. GBP / USD. Benzinga does not provide investment advice. Ultimately, we expect investors to remain honed in on credit in the nearer-term, where the company's bolstered reserve continues to provide us with a certain degree of comfort. Over time these utilities expanded to other platforms such as Twitter and Telegram and eventually, the website www.chartex.pro was born. (Bloomberg) -- Nasdaq 100 stock futures rose fast enough to trigger an exchange volatility halt that pauses especially rapid swings at 3.5%, as traders assessed election results.Contracts on the Nasdaq 100 rose jumped 3.5% within an hour, setting off a trading pause for two minutes. For instance, Ant may no longer operate just as a matchmaker and might be asked to keep 30% of the loans on its balance sheet, compared with only about 2% now. Have a question about retirement, including where to retire? Adding dividend stocks as a potential defensive play can add protection to your portfolio.We’ve opened up the TipRanks database, finding three stocks whose profile justifies the entry risk in today’s conditions. Its more than 20 million small business borrowers pay an average lending rate of about 11%, almost double the average 5.94% small borrowers can get from banks.Guo Wuping, head of consumer protection at the CBIRC, said in a commentary on Monday that Ant’s Huabei service was similar to a credit card but with higher charges. All Google's trademarks are the properties of Google Inc. Should any trademark attribution be missing, mistaken or erroneous, please contact me as soon as possible for rectification. Let's take a closer loo. Americans went to the polls today under the shadow of a resurging pandemic, with a substantial increase in cases nationwide and the number of people hospitalized with COVID-19 reaching record highs in a growing number of states. Shares of Alibaba Group Holding Ltd., which owns a third of Ant, fell 6.3% in Hong Kong as of 2:31 p.m.“From the perspective of regulators and investors, they all need Ant to provide a better disclosure on the co-lending business,” said Chen Shujin, Hong Kong-based head of China financial research at Jefferies Financial Group Inc. “Ant needs to be aligned with regulations going forward and show that its business model can help lower borrowing costs for the economy rather than raising them with some kind of monopoly.”China abruptly halted Ant’s IPO after summoning Ma to a meeting earlier in the week to outline an array of concerns and new regulations. He knows where the real problem is and could be part of the solution. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Dow Jones futures in focus late Tuesday, as President Donald Trump and former Vice President Joe Biden face off on Election Day. President Xi Jinping’s government is tightening controls on Ant and other fast-growing financial conglomerates after years of allowing them to operate without capital and leverage requirements imposed on banks.Authorities haven’t yet provided much detail about what prompted the turnabout on the IPO, beyond saying it couldn’t go ahead because of a “significant change” in the regulatory environment.The halt comes after Ma blasted the nation’s financial system and questioned global regulatory models at a high-profile conference last month, calling banks “pawn shops.” China is still a “youth” and needs more innovation to build an ecosystem for the healthy development of the local industry, Ma said.Any funding curbs could deal a major blow to Ant. Nio Stock Is a Winner, But How Much Higher Can It Go? Tesla regained a key level. John F. Coleman is Executive Vice President at EastGroup Properties, Inc. Mr. Coleman previously held the position of Senior Vice President of Duke Realty Corp. and Senior Vice President of Weeks Corp. (a subsidiary of Duke Realty Corp.). Financial technology firms use their market power to set exorbitant fees in partnerships with banks, which provide most of the funds required, he said.Ant would have to set aside 95 billion yuan in capital to comply with the draft rules issued by the CBIRC on Monday, or 2.7 times the current capital for its two micro-lending arms, according to estimates from Jefferies. Pharmaceutical and biotech companies are known for their combination of high risk and high reward potential. “As a reminder, the plant can achieve max capacity of 150k per year on 2 shifts, which NIO is targeting on a run-rate basis by the end of next year given the strength of the order book (we expect supply constraints through most of 2021).”For October, Yu estimated Nio would deliver 4,750 units, and the latest beat represents “another month of record sales.” Yu believes Nio’s order book “remains robust” and expects another tailwind from the 100kWh battery option, which should become available later this month.Nio is also targeting European expansion and hopes to enter the market by 2H21. Heading into today's election, the markets might have been floundering, but the extreme bouts of volatility had minimal impact on Nio (NIO).The Chinese EV maker continued on its merry way, by doing what it has done so well throughout 2020 – accumulating share gains. Then, though, the limits limits kicked in at 5%, and there was no threshold at the 3.5% mark. I’m 60, my wife thinks ‘money is for spending,’ I just lost my job and plan to retire — how can we avoid money fights? There are a total of 8 ratings; 7 Buys and 1 Hold -- all add up to a Strong Buy consensus rating. Meanwhile, regional banks are still in the doghouse, struggling and sometimes being restructured because they lack capital buffers. Total-Conviction 5G Stock -- in 5 years, you'll wish you owned this 5G stock. Based on 4 analysts tracked in the last 3 months, 3 rate the stock a Buy, while one says Hold. He has been busy preparing for Alibaba Group Holding Ltd.’s grandest four-day Double Eleven shopping extravaganza. The above-expectation earnings were attributed to cost controls from logging and hauling as well as SG&A costs. Year-to-date, the stock has accrued an astounding 764%.The market might be infatuated with tech/growth/EV stocks, all boxes the company dubbed "the Chinese Tesla" ticks, but its market performance is getting some backup from real world data.Nio announced earlier this week that in October it sold 5,055 vehicles, displaying a 100% year-over-year uptick.With waiting times on deliveries now reaching up to 6 weeks, Deutsche Bank analyst Edison Yu believes the demand “continues to outstrip supply.”“NIO already announced it hit 5k units produced for the month last week on 10/29 and we think it could potentially reach about 6k output/month in the near term running on 1 shift assuming it can run at full speed/efficiency and supply chain can keep up,” the analyst said. China’s bankers are so averse to extending credit to smaller borrowers that Beijing redefined “inclusive financing” to make its banks’ loan books look prettier.