BEIJING (Reuters) – China will increase the incomes of low-income groups and expand middle class over the 2021-2025 period, Ning Jizhe, the vice head of the National Development and Reform Commission, … ( read original…
Monthly Archives For November 2020
Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough
Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch … (…
AM Best Assigns Credit Ratings to Bank of China Group Insurance Company Limited
AM Best has assigned a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” to the Bank of China Group Insurance Company Limited (BOCGI) (Hong Kong). The outlook … (…
China Pledges Quality Growth, Tech Powerhouse in 5-Year Plan
China unveiled the first glimpses of its economic plans for the next five years, promising to build the nation into a technological powerhouse as it emphasized quality growth over speed. ( read original story …)
‘Corona-freed’ Taiwan celebrates gay pride
Taiwan has staged its gay pride rally, 200 days free of local coronavirus infections. Some 130,000 celebrated the island nation’s vanguard role on same-sex in Asia, but this year’s turnout was smaller … ( read…
$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. The Intermediate People’s Court of … ( read original story …)
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
Chinese President Jinping Xi said China should proactively participate in creating the … events and information services company for the crypto asset and blockchain technology community. Its mandate … ( read original story …)