President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to China’s military.
Monthly Archives For June 2021
‘What China doesn’t want you to know’ Mysterious military activity uncovered at Wuhan lab
MIKE POMPEO has warned that China does not want the world to know about the secretive military activity taking place at the Wuhan Institute of Virology (WIV) in the lead-up to the outbreak of …
Exclusive: China pushes Huarong to sell non-core units, mulls implicit support – sources
China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the …
China’s stronger currency means difficult choices for Beijing
China’s yuan is stronger than it has been since the start of the US-China trade war. That has left Beijing in a pickle. If the currency appreciates too quickly, the country’s financial markets could …
China aims to slow yuan’s rise but likely to avoid drastic steps – policy sources
China is likely to lean on incremental steps to slow the yuan’s gains to deter speculators and help its exporters, shunning drastic measures that could undermine its goal to liberalise the currency …
China stocks end higher on financial boost, but post weekly losses
China stocks ended higher on Friday on gains for financial firms, following Beijing’s stamp duty cut proposal, though they post weekly losses amid renewed worries over Sino-U.S. tensions.
Alibaba’s Ant Secures Regulatory Approval For Consumer Finance Firm In China
Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group has secured a key China Banking and Insurance Regulatory Commission approval to operate a consumer finance company, CNBC reported on Thursday.
Why Shenzhen – Not Hong Kong – Is Luxury’s New Golden Ticket
Shenzhen was a forgotten fishing village. But today, it is challenging Hong Kong as China’s top luxury hotspot.
Sichuan crypto mining safe from regulation in the short term: sources
The crypto mining world remains in suspense about the future of Sichuan-based crypto mines after a regulators’ meeting on June 2.
China administers 723.5 mln doses of COVID-19 vaccines as of June 3 – health commission
China administered about 18.7 million doses of COVID-19 vaccines on June 3, bringing the total number of doses administered in the country so far to 723.49 million, data from the National Health …
Tribunal to examine China genocide allegations begins as Beijing slams ‘farce’ hearing
An independent tribunal in London began hearing testimony from witnesses and experts on Friday to determine whether the Chinese government has committed genocide in the Xinjiang region — in …
Hong Kong struggles to keep Tiananmen spirit alive as China cracks down
As Beijing tightens its grip on Hong Kong, it has also restricted efforts to mark the anniversary of its military crackdown on June 4, 1989 — just as it has long done on the mainland.
Ant faces dent in profitability with new consumer finance unit
Ant Group’s most lucrative business of consumer lending is likely to become less profitable as the financial juggernaut emerges from a six-month regulatory crackdown aimed at curbing its influence..
