The Beijing Stock Exchange began trading on Monday , with three-quarters of 81 carefully selected stocks soaring in their debuts, underpinning the Chinese president’s pledge to support small and …
Monthly Archives For November 2021
China’s Xi Jinping gets his pet stock exchange in Beijing
By Laura He, CNN Business The Beijing Stock Exchange, President Xi Jinping‘s new financial baby, is finally here. The bourse was first announced by the Chinese Communist Party leader in September, and …
Ex-Bank of China exec suspected of embezzlement repatriated from U.S.
A dds confirmation former executive repatriated from U.S. BEIJING, Nov 15 (Reuters) – A former president of a domestic branch of the Bank of China 3988.HK601988.SS suspected of embezzlement has been …
UBS Money Managers to Exit After China Property Woes Hit Fund
Two UBS Group AG portfolio managers are leaving after a $3 billion fund got caught up in China’s high-yield bond meltdown.
The Fourth China International Import Expo (CIIE) Presages Commendable Prospects for 2022
The fourth CIIE attracted more than 1,200 enterprises from 102 countries and the tentative deals hit $70.72 billion.
Tokyo authorities uncover $320m China-based investment scheme in Japanese real estate using cryptocurrencies
Tax authorities in Tokyo uncovered a China-based scheme where 27 billion yen (S$320 million) was invested in Japanese real estate to avoid the watchful eyes of Beijing, China – all using …
Diamante Blockchain Raises $750K and Hits Another Milestone in the Pre-Series A Funding Round
The global fintech firm Diamante Blockchain receives enormous support and raises $750K in a Pre-series A Funding round from the equity crowdfunding platform, Wefunder. The Delaware-based corporation …
Hong Kong Crypto Trader Kidnapped and Tortured for Ransom and Account Keys
A 39-year-old Hong Kong man was kidnapped on Nov 6, 2021, and held for ransom after agreeing to meet a buyer of Tether in Kowloon Bay in Hong Kong. The man was lured into an…
China’s top e-commerce firms saw record Singles’ Day sales
Alibaba and JD closed their 11.11 promos with sales volumes of $85b and $55b, respectively. China’s biggest e-commerce firms—Alibaba and JD.com—saw record-breaking sales during this year’s Singles’ …
China blames cold-chain foods for coronavirus flareup in key port city of Dalian
The northeastern city of Dalian is battling the biggest flareup in the country’s current virus wave, placing tens of thousands of university students under lockdown …
China’s Choppy Hotel Recovery Sounds Warning Alarm for Global Developers
Not everyone is looking at the China travel climate with rose-colored glasses, and the U.S. and Europe should take note.
China puts nearly 1,500 students under observation, shuts down university campus after COVID-19 outbreak
The lockdown is the latest example of China’s zero-tolerance approach to the outbreak, which has brought considerable disruption to people’s lives and livelihoods …
China fighting its biggest COVID-19 Delta variant outbreak: Reuters
China is battling its biggest coronavirus outbreak due to the Delta variant as it enforces strict quarantine rules, Reuters reported. This comes as the country recorded 32 new locally transmitted …
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