Adam Efrima, the operations director of trading platform eToro in China, described the ruling as a “huge deal,” saying: “It’s bigger than most people think it is.” Efrima, who first alerted Business Insider to the…
Monthly Archives For September 2017
VW recalls 1.8 million cars in China
These are external links and will open in a new window More than 1.8 million Volkswagen cars are being recalled in China because of a faulty fuel pump. China’s consumer watchdog said the recall affected…
China bans initial coin offerings calling them ‘illegal fundraising’
Issuing ICOs – a relatively new phenomenon – has become popular in China, with close to $395m (£305m … with ICOs don’t necessarily offer investors a stake or equity in their business in exchange for…
China censors discussion of North Korea’s bomb test
Chinese censors appear to be stifling online discussion of North Korea’s latest missile launch, a move apparently linked to China’s hosting of this week’s Brics summit. Posts on the popular microblogging network Sina Weibo and…
China has tools to pressure Kim but worries of consequences
BEIJING — China has the economic tools to pressure North Korea but fears pushing Kim Jong Un’s government so hard it collapses. Though China has long been the North’s main trading partner and diplomatic protector,…
Taiwan premier’s resignation puts spotlight on China ties
At the same time, China is Taiwan’s top trading partner, with imports and exports totaling $118 billion last year and billions of dollars invested by Taiwanese in the mainland since the 1990s. Tainan city news…
PIERS MORGAN: China could get rid of Kim Jong-un with one simple act AND the minimum loss of life, so why won’t they bring the madman in their backyard to heel?
It was by far the most powerful yet, sparking a 6.3-magnitude earthquake and prompting tremors felt in China and Japan. This, according to experts, indicates the hydrogen bomb had a 100-kiloton yield. Like me, you…
China Herds ICO Cats
A steady flow of news out of China in the past week indicates the government may … Soon after, the state-endorsed National Internet Finance Association warned that ICOs pose a financial risk and have disrupted…
China’s Central Bank Declares Initial Coin Offerings Illegal
China PBOC says all ICOs must be stopped and refunds provided China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge…
China regulators target ‘systemic risk’ from money-market funds
China will impose tighter regulation on “systemically important” money-market mutual funds, potentially forcing Ant Financial’s popular fund to de-risk its portfolio and reduce yields for investors. MMFs have exploded in popularity in recent years ……
China’s Reformist Central Banker Could Be a Tough Act to Follow
But any successor will face challenges working for Xi Jinping, China’s president, who appears determined to reassert control in a financial sector that Mr. Xi’s allies see as needing more government control, not less. “No…
China faces risk of financial tsunami
Credit default swap products sent many a financial firm to the edge of collapse in 2008, and almost 10 years after that financial tsunami no one can believe it that another potential CDS crisis is…
China’s top consumer credit firm fined US$1.37 million for malpractice, executives fined, blacklisted
Bank of Beijing Consumer Finance Company, which was established in 2010 with the hope of finding a business model for consumer credit in China, was fined nine million yuan (US$1.37 million) for “seriously violating prudent…
