China should integrate legislation on cryptocurrencies in order to better regulate crypto tradings, said Huang Hui, a deputy director of the Supervision and Inspection Department of State …
Monthly Archives For November 2022
China Set to Fine Ant Group More Than $1 Billion, Reuters Says
Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul, Reuters reported, citing people familiar …
EXCLUSIVE China set to fine Ant Group over $1 bln, signalling revamp nears end-sources
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s…
Dollar steadies as China tightens COVID curbs
The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of …
Global shares shake off China COVID-19 curbs, but investors stay cautious
Chinese equities came under pressure after Beijing shut parks, shopping malls and museums on Tuesday, while more cities resumed mass testing for COVID-19, as cases spiked … when investors ditched …
Beijing shuts parks, museums as China’s COVID-19 cases rise
Beijing shut parks, shopping malls and museums on Tuesday while more Chinese cities resumed mass testing for COVID-19, as China fights a spike in cases, deepening concerns about its economy and …
Open FIESTA alum Nael Hailemariam brings Shenzhen speed to Ethiopia
PRNewswire/ — “No matter where you are, the culture of Shenzhen is a part of you,” said entrepreneur Nael Hailemariam from Ethiopia who completed Open FIESTA’s Internet+Innovation Design program in …
Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without Funding
Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail, according to …
Crypto’s latest mystery is the ownership of major exchange Huobi
According to the people, Sun kept his name out of the deal to avoid scrutiny from China, where crypto is mostly banned. Yet Sun has repeatedly denied any involvement in Huobi Global’s sale, while a…
Investors have to be ‘very careful’ with China’s property market, asset management firm says
Kyle Bass of Hayman Capital Management says the country has allowed its property sector, now the “most speculative sector in China,” to run “unabated.” …
China’s Key Money Rate Hits Near 2-Year Low, but Softening Seen Fleeting
Liquidity conditions in China’s interbank money markets eased further on Tuesday, as cash supply far outpaced demand, despite a huge withdrawal of funds by the central bank. Key rates dropped, with …
Lina Choi on China’s Non-financial Companies (Radio)
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg.
China Leads Global Equity IPO Volumes This Year
A sign for STAR Market, China’s new Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019.
