BEIJING, July 25 (Reuters) – The value of assets held by China’s banking sector rose 11.4 percent to 236.54 trillion yuan ($35.04 trillion) as of end-June compared with a year earlier, the China Banking Regulatory…
Monthly Archives For July 2017
China’s HNA taps Goldman for planned Pactera U.S. IPO: sources
The sprawling conglomerate has seen its banking relationships come under scrutiny in recent weeks, as Beijing reins in what it sees as excessively splashy deals by China’s top dealmakers. One of the sources said Pactera…
China rising political star facing corruption probe
Before his abrupt removal from office earlier this month, he was a strong contender to rise to the elite seven-member committee that rules China. But now China’s anti-corruption body says it is investigating him for…
China set to launch an ‘unhackable’ internet communication
As malicious hackers mount ever more sophisticated attacks, China is about to launch a new, “unhackable” communications network – at least in the sense that any attack on it would be quickly detected. The technology…
PT Expo China 2017 to be held in Beijing from Sep. 27-30
BEIJING, July 24, 2017 /CNW/ — One of Asia’s most influential Information and Communications Technology (ICT) events PT Expo China (PTEXPO) will be taking place at China National Convention Center in Beijing from 27 Sep…
China seeks glimpse of citizens’ future with crime-predicting AI
China, a surveillance state where authorities have unchecked access to citizens’ histories, is seeking to look into their future with technology designed to predict and prevent crime. Companies are helping police develop artificial intelligence they…
It’s time for Canada to stand up to China’s censorship crackdown
Last week, Guangzhou Huoyun Information Technology Ltd. told Reuters that the company had received a directive to begin blocking VPN services. Similarly leaked and off-the-record accounts have been coming fast and thick in recent weeks.…
China Plans to Use Artificial Intelligence to Gain Global Economic Dominance by 2030
It states that by 2020 China should match the rest of the world, and that five years later China should achieve “major breakthroughs” in the technology. By 2030, the plan states, AI should lay the…
On a disputed South China Sea island, Beijing unveils a high-tech cinema
Over 200 Chinese moviegoers attended a screening on Yongxing Island in the South China Sea on Saturday, according to the state-run Xinhua news agency. The cinema is operated by Hainan Film Company and comes with…
China opens movie theater on disputed South China Sea island
A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons in waters crucial for global commerce and rich in…
China warns India of its ‘resolve’ amid border standoff
“China’s determination and resolve to safeguard national security and sovereignty is unshakable,” Wu said at a news conference to mark the upcoming 90th anniversary of the founding of the People’s Liberation Army. “Here, I wish…
AP Explains: India and China face off in border standoff
The U.S. State Department has urged the two sides to work together toward a peaceful resolution. India told China last week that it was ready to hold talks if both sides pulled their forces back…
Hong Kong rejects IPO application of Morgan Stanley-backed insurance broker
China Everbright Capital Ltd and China Merchants Securities had been hired as joint sponsors of the IPO, according to the IPO prospectus. Under Hong Kong’s tightened rules, the regulator names IPO sponsors and issuers whose…