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Ant Financial Services Group has applied for a digital banking license in Singapore, as more Chinese technology powerhouses hasten their pace in expanding their digital offerings beyond the Chinese mainland.

Ant Group, formerly known as Ant Financial, is best known as the parent company of the Alipay mobile wallet. Alipay and its local wallet partners served more than 1.2 billion users worldwide by June 2019, the company said in October.

Anta Group, WWF team up to invest in green development. [Photo provided to chinadaily.com.cn]

Anyone who maliciously modifies the lyrics, or plays or sings the national anthem in a distorted or disrespectful way in public, or with other serious disrespectful practices, will be held liable criminally. According to the draft, penalties can include detention, being deprived of one's political rights or a sentence of up to three years.

Any new tax can only be levied by the law, and the existing tax regulations will either be elevated into laws or terminated before 2020, according to China's time frame and blueprint for the law-based taxation reform.