The property loan portfolios of some local and foreign banks in China are under the regulator’s lens, Reuters reported citing sources.
Monthly Archives For August 2022
China jails Canadian tycoon for 13 years for finance crimes
Xiao Jianhua was convicted of misusing billions of dollars of deposits from banks and insurers controlled by his Tomorrow Group and offering bribes to officials, the Shanghai No. 1 Intermediate People …
Yangtze shrinks as China’s drought disrupts industry
Ships are creeping down the middle of the Yangtze after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width …
China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 bln
Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said.
U.S. Air Force secretary: China’s actions around Taiwan increase risk
U.S. Air Force Secretary Frank Kendall said on Friday that China’s actions around Taiwan increase the level of risk and he hoped that China’s behaviour returns to the norms that were established …
China stands by sanctions on Lithuanian official after Taiwan visit
China said on Friday its sanctions on Lithuania’s deputy transport minister were an appropriate and reasonable response to her recent visit to Taiwan.
China sentences billionaire Xiao Jianhua to 13 years in prison, fines group $11.2 billion
BEIJING – A Shanghai court said on Friday (Aug 13) that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holdings Co conglomerate a record 55.03 …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
China offers NE province financial support to restore flood-hit infrastructure
The investment, amounting to 62 million yuan (about 9.11 million U.S. dollars), will be specifically used to restore the infrastructure and public service facilities damaged by heavy rains and floods …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
Solomon Islands secures US$66mil Chinese loan for Huawei deal
Solomon Islands said Thursday (Aug 18) that it had secured a US$66 million loan from China to fund tech giant Huawei building 161 telecommunications towers across the Pacific nation.
China funds Huawei’s Solomon Islands deal in sign of countries’ deepening ties
China’s Huawei has signed a deal to build 161 telecoms towers across the Solomon Islands in a sign of strengthening ties between the Pacific nation and Beijing just months after they agreed a …
Sungrow is Listed in Forbes China’s Top 50 Most Innovative Companies
Sungrow, the global leading inverter and energy storage solution supplier for renewables, announced that it is listed in Forbes China’s Top 50 Most innovative companies and is the only inverter …
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