“China’s financial system is in the phase of strengthening regulation and controlling risks,” says Zhu Ning, a professor of finance at Shanghai Jiao Tong University. “Ant Group’s business may not be … ( read original…
Monthly Archives For November 2020
Jack Ma summons reminds investors that Beijing is still boss
When Jack Ma last week chose to speak truth to power about the failings of China’s financial system, he was aiming very high — perhaps too high. The founder of ecommerce business Alibaba, already ……
Hong Kong leader heads to Beijing to seek economic aid
Hong Kong leader Carrie Lam was traveling to Beijing on Tuesday to meet with Chinese officials to seek help in reviving Hong Kong’s economy and discuss reopening the borders with mainland China as … (…
Beijing plans ambitious sci-fi-based sci-tech park in former industrial complex
BEIJING, Nov 3 (Xinhua): China will build a sci-fi-based science and technology industrial park in a reclaimed steel plant in western Beijing in an effort to boost the development of the country’s sci … (…
Binance in trouble, blockchain security standard: Blockheads
A Forbes report accused Binance of attempting to deceive US regulators, and China got its first blockchain security standard. ( read original story …)
Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering
Retail investors will no longer be allowed to trade on virtual-asset exchange platforms under proposed new rules which will also require all operators to be licensed by the watchdog, government … ( read original story…
Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin ( BTC) has declined by more than 3%…
China shares end higher, boosted by financial, material stocks
Chinese shares ended higher on Tuesday, led by gains in material and financial stocks, as investors bet more on a swift economic recovery from the pandemic and upbeat sales outlook for new energy cars ……
China Envisions a New Hong Kong, Firmly Under Its Control
The government hopes to turn Hainan Island into a financial and shopping destination. Matching the former British colony won’t be easy. ( read original story …)
The Mobile Finance Report 2020: Get the key insights you need to propel your fintech business
Get the key insights you need to propel your fintech business Team YS The banking and finance sector across the world is witnessing disruption by mobile app and fintech companies. Right from … ( read…
Beijing sends warning to Ant ahead of its monster IPO
Chinese regulators summoned Jack Ma and Ant’s top executives on the eve of the fintech giant’s listing, suggesting added regulatory scrutiny ahead. ( read original story …)
China Says Report That It Seized Territory From Nepal Is Unfounded
China’s foreign ministry spokesman Wang Wenbin dismissed a media report about it seizing territory from Nepal as a “completely unfounded rumour”. A Daily Telegraph report on Tuesday quoted Nepalese … ( read original story …)
China Reports 49 New Coronavirus Cases, Conducting Mass Testing in Xinjiang
SHANGHAI (Reuters) – China reported 49 new COVID-19 cases for Nov. 2, up from 24 a day earlier, the national health authority reported on Tuesday. The National Health Commission said in a statement 44 ……
