The Baloch Liberation Army (BLA) has said that its fighters set on fire the installations of telecommunication companies at Margat's Chokhobi Wadh area of Quetta Balochistan on June 26 and have captured six of its staff members.

In an official statement, the spokesperson of the pro-freedom resistance organisation - Azad Baloch - have named the captured workers as Gul Shah Khan, Abdul Aadi and Mehraj residents of Quetta, Zhob and Qila Saifullah respectively, and Muhammad Yusuf, resident of Quetta, Amanat Ali, resident of Gujrat, Punjab, Rehmatullah, resident of Qila Saifullah.

He added that the first three men had been released on the same day while the others were found to be suspicious and are still in the custody of the BLA.

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"Our organization has decided that if the United Nations or other international organizations, including representatives of the Red Cross in Geneva, act as guarantors for the release of the detained workers and assure us that they will not re-engage in such 'exploitative project' and spy networks of Pakistan army then they will be released," Azad Baloch Baloch said.

The organisation has given the UN and other international bodies 10 days period to respond to their demand. 'Otherwise, the arrested men will be presented before the Baloch National Court for non-compliance,' BLA spokesperson said further.

The BLA also said that various telecommunication companies in occupied Balochistan have been repeatedly warned not to act as facilitators in expansionist ambitions of the imperialist powers (Pakistan and China).

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/tiktok-back-in-pakistan-after-court-revokes-ban-395471" hreflang="en">TikTok back in Pakistan after court revokes ban</a>

China, in collaboration with Pakistan, has set up a telecommunications network and is using other telecom companies, including Hawaii, and Subcon companies, (Netcom, Exeleron, ZTE) to spy on and trace the movement of people in Balochistan. All of these projects are being funded through a well-organized project under the "Universal Service Fund".

China has already to some extent implemented its economic and military ambitions against the will of the Baloch nation in the coastal city of Gwadar in occupied Balochistan, where the China-Pakistan Economic Corridor (CPEC) project has been threatened by Baloch freedom fighters, due to which China and Pakistan are constantly trying new methods for Baloch genocide.

Telecom companies are installing mobile towers in uninhabited hilly areas of Balochistan at the behest of the Pakistani military. Under the guise of these telecom companies, China and Pakistan exchange secret information about Baloch freedom fighters and help the Pakistan army to intensify the ongoing military aggression and the abductions of Baloch youths in occupied Balochistan.

The Baloch Liberation Army statement claimed that the workers arrested in Margot Chokhobi Wadh were part of the same exploitative scheme.

Meanwhile, the Human Rights Council of Balochistan (HRCB) and Voice for Baloch Missing Persons' chairman Nasruallah Baloch in their separate statements have appealed to the Baloch Liberation Army to release the arrested workers unconditionally on humanitarian grounds.

The Baloch Liberation Army (BLA) has said that its fighters set on fire the installations of telecommunication companies at Margat's Chokhobi Wadh area of Quetta Balochistan on June 26 and have captured six of its staff members.

The Baloch Liberation Army (BLA) has said that its fighters set on fire the installations of telecommunication companies at Margat's Chokhobi Wadh area of Quetta Balochistan on June 26 and have captured six of its staff members. In an official statement, the spokesperson of the pro-freedom resistance organisation - Azad Baloch - have named the captured workers as Gul Shah Khan, Abdul Aadi and Mehraj residents of Quetta, Zhob and Qila Saifullah respectively, and Muhammad Yusuf, resident of Quetta, Amanat Ali, resident of Gujrat, Punjab, Rehmatullah, resident of Qila Saifullah. He added that the first three men had been released on the same day while the others were found to be suspicious and are still in the custody of the BLA. Also read | Pakistan inducts China-made VT-4 battle tanks "Our organization has decided that if the United Nations or other international organizations, including representatives of the Red Cross in Geneva, act as guarantors for the release of the detained workers and assure us that they will not re-engage in such 'exploitative project' and spy networks of Pakistan army then they will be released," Azad Baloch Baloch said. The organisation has given the UN and other international bodies 10 days period to respond to their demand. 'Otherwise, the arrested men will be presented before the Baloch National Court for non-compliance,' BLA spokesperson said further. The BLA also said that various telecommunication companies in occupied Balochistan have been repeatedly warned not to act as facilitators in expansionist ambitions of the imperialist powers (Pakistan and China). Also read | TikTok back in Pakistan after court revokes ban China, in collaboration with Pakistan, has set up a telecommunications network and is using other telecom companies, including Hawaii, and Subcon companies, (Netcom, Exeleron, ZTE) to spy on and trace the movement of people in Balochistan. All of these projects are being funded through a well-organized project under the "Universal Service Fund". China has already to some extent implemented its economic and military ambitions against the will of the Baloch nation in the coastal city of Gwadar in occupied Balochistan, where the China-Pakistan Economic Corridor (CPEC) project has been threatened by Baloch freedom fighters, due to which China and Pakistan are constantly trying new methods for Baloch genocide. Telecom companies are installing mobile towers in uninhabited hilly areas of Balochistan at the behest of the Pakistani military. Under the guise of these telecom companies, China and Pakistan exchange secret information about Baloch freedom fighters and help the Pakistan army to intensify the ongoing military aggression and the abductions of Baloch youths in occupied Balochistan. The Baloch Liberation Army statement claimed that the workers arrested in Margot Chokhobi Wadh were part of the same exploitative scheme. Meanwhile, the Human Rights Council of Balochistan (HRCB) and Voice for Baloch Missing Persons' chairman Nasruallah Baloch in their separate statements have appealed to the Baloch Liberation Army to release the arrested workers unconditionally on humanitarian grounds.

BLA says it set on fire Chinese telecommunication companies, captured 6 workers in Pakistan's Balochistan

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing`s latest tightening of scrutiny.

The plan, if implemented, would effectively end the government`s laissez-faire approach to the industry. Large Internet platforms have tended to resist handing over their data, a crucial asset that helps them run operations, manage risk and lure new customers.

Chinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide credit agencies, the people said.

The agencies, which are run or backed by the People`s Bank of China (PBOC), will share the data more widely with&nbsp;banks and other lenders to adequately evaluate risks and prevent over-borrowing, the people said.

Ant and Tencent declined to comment.

JD.com and the PBOC did not immediately respond to requests for comment.

The people declined to be identified as they were not authorised to speak to the media. Details of the regulatory proposal to include Tencent and JD.com in the loan data sharing arrangement have not been reported.

The plan adds to recent proposals to sharpen scrutiny of the technology champions and rein in empire building, mainly in the financial sector; the shift helped bring about the dramatic collapse of fintech giant Ant`s $37 billion IPO in November.

Since then, the regulators have launched an antitrust probe into Ant`s former parent Alibaba and ordered the fintech company to shake up its lending and other consumer finance businesses.

The latest regulatory proposal for internet companies also comes as Beijing grows wary of loose risk controls at banks, mainly smaller ones, in terms of consumer loans and their excessive reliance on platforms such as Ant to find customers.

"Smaller banks are generally in a weaker position when they partner with fintech giants like Ant. They have heavily relied on Ant`s data to underwrite loans and manage risks," said one senior regulator.

"When defaults happen, they have to shoulder most of the losses," said the regulator, who declined to be named because of the sensitivity of the matter. "It`s crucial for lenders to have better access to more comprehensive and detailed credit data on borrowers."

CUSTOMER CREDITWORTHINESS

The latest regulatory attempt would likely dampen the scale and profitability of tech majors` credit businesses. That area is a cash cow, as the companies levy high service fees on banks in exchange for access to millions of customers using propriety data.

Via its super-app Alipay, Ant collects the data of more than 1 billion people, many of whom are young and internet-savvy users without credit cards or sufficient credit records with banks, as well as 80 million merchants, according to the company`s prospectus and analysts.

Ant runs Sesame Credit, one of China`s biggest private credit-rating platforms, with proprietary algorithms and methodology that score people and small businesses based on their use of Ant-linked services.

The firm offers limited borrower information to about 100 banks, and takes the so-called "technology service fees" - a 30%-40% cut, on average, of the interest on loans it facilitates, analysts estimated.

Ant`s consumer lending balance stood at 1.7 trillion yuan ($263 billion) as of the end of June, accounting for 21% of all short-term consumer loans issued by Chinese deposit-taking financial institutions, according to its IPO prospectus and PBOC data.

Compared with Ant, rivals Tencent and JD.com run relatively smaller consumer-credit business.

Tencent`s private lender WeBank has operated micro-loans unit Weilidai since 2015, which made over 460 million loan drawdowns worth a total of more than 3.7 trillion yuan as of the end of 2019, according to WeBank`s 2019 annual report.

JD.com`s fintech arm, JD Digits, operates two platforms - Baitiao and Jintiao - which had a combined 70 million annual active users and took in a total of 4.4 billion yuan in technology service fees during the first half of 2020.

Jintiao facilitated consumer loans worth only 261 billion yuan in the same period of last year, as per JD Digits` prospectus.

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing`s latest tightening of scrutiny.

China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing`s latest tightening of scrutiny. The plan, if implemented, would effectively end the government`s laissez-faire approach to the industry. Large Internet platforms have tended to resist handing over their data, a crucial asset that helps them run operations, manage risk and lure new customers. Chinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide credit agencies, the people said. The agencies, which are run or backed by the People`s Bank of China (PBOC), will share the data more widely with banks and other lenders to adequately evaluate risks and prevent over-borrowing, the people said. Ant and Tencent declined to comment. JD.com and the PBOC did not immediately respond to requests for comment. The people declined to be identified as they were not authorised to speak to the media. Details of the regulatory proposal to include Tencent and JD.com in the loan data sharing arrangement have not been reported. The plan adds to recent proposals to sharpen scrutiny of the technology champions and rein in empire building, mainly in the financial sector; the shift helped bring about the dramatic collapse of fintech giant Ant`s $37 billion IPO in November. Since then, the regulators have launched an antitrust probe into Ant`s former parent Alibaba and ordered the fintech company to shake up its lending and other consumer finance businesses. The latest regulatory proposal for internet companies also comes as Beijing grows wary of loose risk controls at banks, mainly smaller ones, in terms of consumer loans and their excessive reliance on platforms such as Ant to find customers. "Smaller banks are generally in a weaker position when they partner with fintech giants like Ant. They have heavily relied on Ant`s data to underwrite loans and manage risks," said one senior regulator. "When defaults happen, they have to shoulder most of the losses," said the regulator, who declined to be named because of the sensitivity of the matter. "It`s crucial for lenders to have better access to more comprehensive and detailed credit data on borrowers." CUSTOMER CREDITWORTHINESS The latest regulatory attempt would likely dampen the scale and profitability of tech majors` credit businesses. That area is a cash cow, as the companies levy high service fees on banks in exchange for access to millions of customers using propriety data. Via its super-app Alipay, Ant collects the data of more than 1 billion people, many of whom are young and internet-savvy users without credit cards or sufficient credit records with banks, as well as 80 million merchants, according to the company`s prospectus and analysts. Ant runs Sesame Credit, one of China`s biggest private credit-rating platforms, with proprietary algorithms and methodology that score people and small businesses based on their use of Ant-linked services. The firm offers limited borrower information to about 100 banks, and takes the so-called "technology service fees" - a 30%-40% cut, on average, of the interest on loans it facilitates, analysts estimated. Ant`s consumer lending balance stood at 1.7 trillion yuan ($263 billion) as of the end of June, accounting for 21% of all short-term consumer loans issued by Chinese deposit-taking financial institutions, according to its IPO prospectus and PBOC data. Compared with Ant, rivals Tencent and JD.com run relatively smaller consumer-credit business. Tencent`s private lender WeBank has operated micro-loans unit Weilidai since 2015, which made over 460 million loan drawdowns worth a total of more than 3.7 trillion yuan as of the end of 2019, according to WeBank`s 2019 annual report. JD.com`s fintech arm, JD Digits, operates two platforms - Baitiao and Jintiao - which had a combined 70 million annual active users and took in a total of 4.4 billion yuan in technology service fees during the first half of 2020. Jintiao facilitated consumer loans worth only 261 billion yuan in the same period of last year, as per JD Digits` prospectus.

Chinese regulators to push tech giants to share consumer credit data

The New York Stock Exchange (NYSE) has finally decided to delist three Chinese telecom companies, confirming its latest U-turn on the matter a day after US Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings.

The latest move, which is effective January 11, marks the third time in less than a week the Big Board has ruled on the issue.

The flip-flopping highlights the confusion over which firms were included in an executive order issued by President Donald Trump in November barring US persons from investing in publically traded companies Washington deems to be tied to the Chinese military.

It also comes amid escalating tensions within Washington on China policy in the final days of the Trump administration.

The NYSE originally on Thursday announced plans to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd. On Monday, it did a U-turn after consulting with regulators in connection with the US Treasury's Office of Foreign Assets Control and decided to keep them listed. Wednesday's decision marks a return to the original plan.

Trump's executive order technically takes effect on Jan. 11 but does not ban purchases by US investors until November.

While the directive stops short of forcing a delisting, a separate bill signed into law by Trump in November will kick Chinese companies off US bourses if they do not fully comply with the country's auditing rules in three years.

The New York Stock Exchange (NYSE) has finally decided to delist three Chinese telecom companies, confirming its latest U-turn on the matter a day after US Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings.

The New York Stock Exchange (NYSE) has finally decided to delist three Chinese telecom companies, confirming its latest U-turn on the matter a day after US Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective January 11, marks the third time in less than a week the Big Board has ruled on the issue. The flip-flopping highlights the confusion over which firms were included in an executive order issued by President Donald Trump in November barring US persons from investing in publically traded companies Washington deems to be tied to the Chinese military. It also comes amid escalating tensions within Washington on China policy in the final days of the Trump administration. The NYSE originally on Thursday announced plans to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd. On Monday, it did a U-turn after consulting with regulators in connection with the US Treasury's Office of Foreign Assets Control and decided to keep them listed. Wednesday's decision marks a return to the original plan. Trump's executive order technically takes effect on Jan. 11 but does not ban purchases by US investors until November. While the directive stops short of forcing a delisting, a separate bill signed into law by Trump in November will kick Chinese companies off US bourses if they do not fully comply with the country's auditing rules in three years.

NYSE to delist three Chinese telecoms in a surprising about-face

The United States and Chinese telecom firm ZTE reached a deal Thursday saving the company from collapse.

ZTE has been facing financial ruin since the US&nbsp;banned suppliers from trading with it.

The Chinese telecom giant was caught in the trade crossfire between the United States and China.

The US&nbsp;has reversed the ban, but with tough conditions, according to the US&nbsp;Commerce Department.

ZTE will have to pay a 1-billion-US&nbsp;-dollar fine, having already paid nearly as much for breaching a settlement for violating sanctions.

It'll also have to put up another 400 million dollars of suspended fines in escrow, and in an unprecedented move, have a US-selected monitoring team embedded in the company.

ZTE has been facing financial ruin since the US banned suppliers from trading with it

The United States and Chinese telecom firm ZTE reached a deal Thursday saving the company from collapse. ZTE has been facing financial ruin since the US banned suppliers from trading with it. The Chinese telecom giant was caught in the trade crossfire between the United States and China. The US has reversed the ban, but with tough conditions, according to the US Commerce Department. ZTE will have to pay a 1-billion-US -dollar fine, having already paid nearly as much for breaching a settlement for violating sanctions. It'll also have to put up another 400 million dollars of suspended fines in escrow, and in an unprecedented move, have a US-selected monitoring team embedded in the company.

US commerce secretary announces 1.4-billion US dollar settlement for ZTE

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BLA says it set on fire Chinese telecommunication companies, captured 6 workers in Pakistan's Balochistan

Chinese regulators to push tech giants to share consumer credit data

NYSE to delist three Chinese telecoms in a surprising about-face

US commerce secretary announces 1.4-billion US dollar settlement for ZTE