China Merchants Bank wholly-owned subsidiary CMB International has launched a joint investment fund with Nervos. The multi-million dollar fund will focus on investing in early to growth-stage startups …
Monthly Archives For May 2021
China Cracks Down On Crypto Business, Saying ‘Speculative’ Trading ‘Seriously Infringing’ On Financial Order
Cryptocurrencies have “no real support value” and prices that are “extremely easy” to manipulate, three Chinese industry groups warned.
Nancy Pelosi calls for US diplomatic boycott of Beijing Winter Olympics
US House speaker says leaders who attend Games would lose moral authority because of China’s treatment of Uyghur minority …
Firm founded by son of China finance tsar invests heavily in tech
An investment firm founded by the son of China’s most powerful financial official has invested heavily in technology companies, including units of leading Chinese internet groups Tencent and JD.com.
Shanghai Electric Wind Power Equipment’s IPO debut on SSE STAR Market today
Shanghai Electric Wind Power Equipment (688660) to start trading on the Shanghai Stock Exchange STAR Market Exchange. The IPO is priced at RMB 5.44 per share, raising RMB 3.106 bln. Its initial …
Pelosi urges diplomatic boycott of Beijing Olympic Games
Nancy Pelosi, Speaker of the US House of Representatives, has become the highest-ranking American politician to call for a diplomatic boycott of the 2022 Beijing Winter Olympic Games over China’s …
Senate Weighs Investing $120 Billion in Science to Counter China
The legislation has drawn bipartisan support amid the coronavirus pandemic as Democrats and Republicans have become increasingly concerned about Beijing’s supply chain dominance.
Sri Lankan court: China-built port board needs public assent
Sri Lanka’s top court has ruled that some provisions of legislation to set up a powerful economic commission in a Chinese-built port city violate the constitution and require approval by a public …
China Has Nearly 35 Million More Single Men Than Women
The gender gap is thought to be a reflection of China’s traditional preference for boys, especially during the nearly four decades of the country’s “one-child policy.” …
People flee in panic as 300-metre skyscraper wobbles in China – video
SEG Plaza in Shenzhen, southern China, inexplicably began to shake at about 1pm, prompting an evacuation of people inside while pedestrians looked on open-mouthed …
Biden Delays Revamp of Trump’s Blacklist for China Investments
President Joe Biden’s administration plans to delay by two weeks a ban on new U.S. investments in certain Chinese companies, as officials draft guidance to clarify a Trump-era policy that confused …
CMB International and Nervos Foundation Jointly Launch $50M Blockchain Ecosystem Fund
Nervos, China’s leading blockchain, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned …
China bans institutions from cryptocurrency activities
In its latest bout of crypto regulation, financial institutions have been banned from using digital assets in their businesses, either for trading or pricing. A Chinese journalist named Colin Wu made …
