A senior executive at China Minsheng Bank is being investigated by the government’s banking watchdog on suspicion of “serious violation of discipline”, amid an ongoing anti-corruption crackdown in the financial industry. Lin Xiaoxuan, the bank’s…
Monthly Archives For August 2017
China regulator hints at no more special treatment after Unicom deal
SHANGHAI (Reuters) – China’s securities regulator said that company ownership reform plans must strictly abide by existing regulations, hinting there will be no repeat of the special treatment given to China Unicom (600050.SS) in its…
Chinese Dealmaker Raises Billions From Shadow Banks
That question is gaining new urgency as Beijing moves to curb debt-fueled overseas investments that could ultimately pose risks to the nation’s companies and economy. One part of the answer lies inside the country’s vast…
China Mobile takes 80% of all net profit in China’s telecom market
China’s three major telecom operators have released 2017 interim results report on the first half of this year on August 23rd. They recorded an average daily net profit of about 429 million RMB ($64.3 million),…
China removes loudspeakers from hundreds of mosques in Muslim-majority region to stop calls to prayer as anti-religion sentiment rises
Hualong Hui Autonomous County in China’s Qinghai province has removed over one thousand loudspeakers over three days. The removal of the call to prayer has angered muslims in the area who have branded the locals…
Will Steve Bannon’s legacy live on? China trade probe poses key test
“China has decided they have to steal the technology … “The Trump presidency that we fought for, and won, is over,” he said. Fox News’ Amy Leedecke contributed to this report. ( read original story…
China could spark world financial CRISIS with infrastructure programme, experts warn
The ambitious programme aims to bring Silk Road trade routes – an ancient network of trade paths – back to life. State-backed banks in the world’s second largest economy are raising billions of pounds worth…
China’s ‘Belt and Road’ initiative could be the next risk to the global financial system
China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale. That rhetoric may win plaudits at a time when…
New Balance wins record China trademark award
Lawyers believe it to be the highest award to a foreign company in a trademark dispute in China. The country has been tightening its laws to tackle the widespread problem of trademark abuse. A court…
16 dead as strong typhoon floods Macau, southern China
China’s official Xinhua News Agency said eight more people were killed in Guangdong and one person remained missing. Typhoon Hato roared into the area Wednesday with winds of up to 160 kilometers (100 miles) per…
Powerful Typhoon Hato slams into China leaving at least 9 dead, dozens injured
Hato’s path of destruction continued on to the former Portuguese colony of Macau, across the Pearl River estuary, and China’s Guangdong Province. Winds of more than 200 kmh (124 mph) smashed into apartments across Macau,…
China Life and Baidu to launch $1 billion internet fund
BEIJING (Reuters) – China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life’s listed arm said on Thursday.…
In China, the Party’s push for influence inside foreign firms stirs fears
The presence of party units has long been a fact of doing business in China, where party organizations exist in nearly 70 per cent of some 1.86 million privately owned companies, the official China Daily…
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