A Chinese report hinted at the country’s government considering forming regulations for Initial Coin Offerings (ICOs). Meanwhile, a China-headquartered venture fund announced a massive 200,000 ether (ETH) budget for investing in U.S.-based blockchain and ……
Monthly Archives For July 2018
China backs $15bn tech fund to compete with Japan’s SoftBank
China Merchants Fund, to set up one of six funds to participate in tech IPOs as cornerstone investors. The group’s financial arm is active in the Chinese tech sector, recently securing a role as one…
Retail investors shun Xiaomi IPO
[Photo/China Daily] Although subscribed by Chinese magnates such as Li Ka-shing, Jack Ma Yun, Pony Ma Huateng and Cai Wensheng, Xiaomi’s blockbuster IPO was given the cold shoulder by retail investors. The Beijing-based company managed…
Washington and its allies need to contain Beijing
Now, Beijing has rebuffed Washington’s efforts to engage on the issue. President Xi Jinping told US defence secretary Jim Mattis in Beijing last week that China would not yield “one inch” of the crucial waterway…
Mica Moore has ‘fingers crossed’ for Beijing Winter Olympics funding
GB bobsleigh star Mica Moore says she is keeping her “fingers crossed for a good result” when funding for the 2022 Winter Olympics is announced on Monday. The 25-year-old from Newport finished eighth alongside Mica…
China Unicom, Huawei Sign 5G Strategic Partnership Agreement
At Mobile World Congress Shanghai (MWC Shanghai) 2018, China Unicom and Huawei held a signing ceremony at the Shanghai’s Kerry Center for a 5G strategic partnership agreement. In attendance and speaking at the event were…
Thousands Set to Rally in Hong Kong Over Beijing’s Tightening Grip
HONG KONG — Pro-democracy activists in Hong Kong were expecting tens of thousands of people to attend an annual protest rally on Sunday to mark the 21st anniversary of the city’s return to Chinese rule…
China central bank issues guidelines on boosting support for small firms
BEIJING (Reuters) – China’s central bank on Monday issued guidelines for increasing financial support for smaller companies, including expanding financing channels for them, improving the business environment and implementing favorable tax policies. ( read original…
Expat banking woes in Beijing
If there is one tip I need to give to newbie expats in China, it would be “avoid going to a bank as much as possible.” It is too much of a hassle and a…