Two unnamed sources told the publication that the nation’s financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC), have deployed teams from local branches to commercial banks. Officials will stay at those branches and…
Monthly Archives For April 2018
China’s biggest tech companies have reason to be worried
two of China’s biggest tech companies. That’s left many to wonder: Will big names like Alibaba, Tencent and Lenovo be next? “If things continue as they have been, all bets are off,” said Samm Sacks,…
Hope for US trade visit to China: A delay in harmful tariffs
Beijing could offer to cut its 25 percent tariff on auto imports and make it easier for U.S. carmakers to do business in China. In a recent speech, Xi pledged to do both. China could…
Communist China’s Latest Intellectual Property Con: Stealing IP Creation
China is an “alleged” IP thief – the way Don Juan was an “alleged” fan of women. How Much Has the US Lost from China’s IP Theft?: “The United States Trade Representative, which led the…
Two China biotechs drop US IPO plans for $800 million Hong Kong floats
HONG KONG: Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules to woo…
China flexes muscles with ‘Guam killer’ missile and more drills near Taiwan
claimed by China as its sacred territory, has rattled nerves around the region and in Washington. Speaking at a regular monthly news conference, Defence Ministry spokesperson Wu Qian said that the military had begun putting…
China Mobile and Huawei Jointly Build an E2E Open Lab Based on Latest 5G Standards
[Beijing, China, April 26, 2018] China Mobile and Huawei jointly set up an end-to-end (E2E) Open Lab in Beijing based on the latest 5G standards during China Mobile 5G Innovation Center’s Partner Conference. The two…
China Pins Hopes On Blockchain Technology For Government Audits
The National Audit of the People’s Republic of China, the country’s supreme audit institution, is pinning high hopes on blockchain technology as a way to improve government auditing functions, according to a statement posted April…
MGM China Reports 2018 First Quarter Financial Data
HONG KONG, April 26, 2018 /PRNewswire/ — MGM China Holdings Limited (“MGM China” or the “Company”; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the “Group”)…
China, Russia and Saudi Arabia give EU trade reforms thumbs down at WTO
GENEVA (Reuters) – The European Union’s new rules against countries dumping cheap goods on its market got a rough ride at a World Trade Organization meeting, where China, Russia and Saudi Arabia led a chorus…
Disney plays up local ties in China amid trade standoff
SHANGHAI (Reuters) – Shanghai Disneyland should be viewed as a local company in China, Walt Disney (:DIS – News) said on Thursday, shrugging off concerns that U.S.-China trade tensions could affect visitor numbers or import…
Exclusive: Chip wars – China closing in on second $19 billion semiconductor fund: sources
HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports…
China flexes muscles with ‘Guam killer’ missile; new drills near Taiwan
claimed by China as its sacred territory, has rattled nerves around the region and in Washington. Speaking at a regular monthly news conference, Defense Ministry spokesman Wu Qian said that the military had begun putting…