China is barreling ahead on ultrafast wireless technology, quietly hurtling the world’s first 6G test satellite into space while the US is still rolling out 5G at a snail’s pace. The … ( read original…
Monthly Archives For November 2020
China Gets Ready to Rein in Baidu, Alibaba, and Tencent
Newly drafted antitrust rules could make it tougher for the BAT triumvirate to continue expanding their ecosystems. ( read original story …)
Ant Group’s IPO won’t happen for at least six months after regulatory hurdles, China ETF issuer says
Ant Group’s highly anticipated initial public offering will be on hold for at least half a year as the company faces new regulatory obstacles, one CIO says. ( read original story …)
China’s Baoshang Bank to take $1 billion write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
Trump Skips Asian Summits as China Set to Expand Influence
President Donald Trump has skipped summits with his Asian counterparts for the third year in a row, with rival China set to expand its influence with a massive free trade deal in the region. (…
China’s Baoshang Bank to take $1 bln write down on bond
China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) secondary capital bond, nearly a year and a half after the bank’s seizure by regulators. ( read…
A stark warning from a Biden ally on China: ‘They are just a straight out danger’
Former New York Gov. David Paterson had with a blunt message for President-Elect Biden about China in the years ahead. ( read original story …)
Here comes the new US-China Digital Cold War
We’re never going back to where we were before with China, simply because the Chinese economy has nearly caught up with ours. ( read original story …)
China Regulator Vows to Cut ‘Too Big to Fail’ Risk in Innovation
China’s top banking regulator pledged to lower the risk of companies becoming “too big to fail” in financial innovation, suggesting the nation’s biggest technology companies will face increasing … ( read original story …)
China regulator says financial innovation must not create oligopolies
China should ensure financial innovation maintains fair competition and does not create oligopolies or construct barriers to entry, a Chinese regulatory official said Saturday. Xiao Yuanqi, chief risk … ( read original story …)
China finds coronavirus on packaging of Saudi shrimp
The western Chinese city of Lanzhou said on Saturday it had detected the new coronavirus on the packaging of a batch of shrimp imported from Saudi Arabia, as China ramps up testing of frozen foods.…
Inside China Tech: Alibaba leads record Singles’ Day sales as tech antitrust cloud gather
Hello, this is Bien Perez from the South China Morning Post’s Technology desk, with a wrap of our leading stories this week. This November should have been a double-barrelled celebration for … ( read original…
China Eases Rules on Insurers’ Investment in Unlisted Firms
China will ease rules to allow insurers to invest in unlisted firms for financial purposes, part of its broader efforts to encourage equity financing. Insurers will no longer be restricted to … ( read original…
