BEIJING (Reuters) – China’s central bank issued draft rules on financial holding companies on Friday, setting minimum asset requirements and banning them from non-financial business activities. Draft … ( read original story …)
Monthly Archives For July 2019
Justin Sun praises China’s socialism in apology amid pressure from authorities
Justin Sun, the Chinese crypto-entrepreneur who made headlines … in a show of loyalty to China’s regulators amid reports of him being investigated by the authorities. “I was really fortunate … ( read original story…
China Bank of Jinzhou says in talks with possible investors, renewing contagion worry
BEIJING/SHANGHAI (Reuters) – China’s Bank of Jinzhou, which suspended trading in its shares earlier this year and saw its auditor quit, said on Thursday that it is in talks with multiple parties for … (…
Beijing residents enjoy financial upswing
Beijing’s GDP surpassed 1.52 trillion yuan ($221 billion) in the first half of 2019, growing 6.3 percent year-on-year, local officials said. “The city’s economic development was steady with an upward … ( read original story…
Lift Off With Waldorf Astoria Beijing’s “Into Deep Space” 3D Projection Afternoon Tea
BEIJING, July 26, 2019 /PRNewswire/ — Waldorf Astoria Beijing promises to be the “Pioneer of Culture” is lifting off into space, thanks to a collaboration with Italy’s leading creative company … ( read original story…
China probe finds FedEx may have held back over 100 Huawei packages: report
“The investigation showed that FedEx was suspected of holding up more than 100 Huawei packages entering China,” Xinhua said. “Investigators also discovered clues to other violations of the … ( read original story …)
China’s CATL to start battery storage business in Japan with Next Energy
TOKYO/SHANGHAI (Reuters) – China’s electric vehicle battery maker Contemporary Amperex Technology Co Ltd (CATL) (300750.SZ) said it will start offering products to homes and plants in Japan in … ( read original story …)
China’s first batch of 5G phones to hit e-commerce market
(ECNS) — Commercial 5G mobile phones from four brands will make their debuts during the August 18 shopping festival held by China’s e-commerce platform Suning.com. Hou Enlong, CEO of the platform, … ( read original…
The Woman Who Helped Invent Juul E-Cigarettes Is Targeting China
Chenyue Xing’s company, Myst Labs, has developed a slick silver device called the Myst P Series that will debut at the Global Mobile Internet Conference … “There’s much more to be done, especially … (…
China landslide death toll grows to 20 after 21 homes buried in Shuicheng county
The search is continuing for about two dozen missing people as the death toll rose to 20 from a landslide in southwestern China earlier this week. State broadcaster CCTV says five more bodies have ……
China Allows Some Tariff-Free U.S. Cotton, Pork Purchases
China imported more than 620,000 tons of U.S. sorghum in April, 2018, before imports fell to almost nothing this year. (Adds share moves in the fourth paragraph.) –With assistance from Miao Han, … ( read…
U.S. House sets motion to condemn ‘abusive’ detainment of 2 Canadians in China
U.S. lawmakers in the House of Representatives are being asked to condemn the “abusive” imprisonment of two Canadian men in China. China imprisoned former Canadian diplomat Michael Kovrig and … ( read original story …)
Align Technology slumps on China fears
China’s slumping economy has hurt a number of industries, ranging from Big Tech to manufacturing. We can now add dental equipment companies to the list. Align Technology, maker of the popular … ( read original…
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