China will restrict the world’s access to gallium and germanium, requiring buyers of the two rare metals to apply for permits starting next month, in a move that highlights the country’s dominance as the provider…
Monthly Archives For July 2023
China Fines Ant Group $985 Million, in Sign Crackdown Is Over
After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.
In Beijing, Yellen raises concerns over Chinese actions against U.S. businesses
“I’ve been particularly troubled by punitive actions that have been taken against U.S. firms in recent months,” Yellen said at a roundtable with U.S. businesses in China.
UPDATE 1-Yellen holds talks with China’s central bank governor, former economy tsar
U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to …
China fines Jack Ma’s Ant Group nearly $1 billion
China’s top financial regulators have fined Ant Group — the fintech firm founded by billionaire Jack Ma — about 7.1 billion yuan ($994 million) for breaking rules related to consumer protection and …
China Hits Tech Firms With Hefty Fines As Crackdown Draws To Close
Chinese regulators said Friday they had fined fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415 million penalty, adding that a long-running …
US Treasury chief Yellen and China’s No. 2 leader express hope for improved bilateral communication
U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang have expressed hope Friday for better communication after Yellen appealed to Beijing not to let frustration over U.S. curbs on technol
China fines Alibaba’s Ant Group $985 million
The People’s Bank of China on Friday announced a $985 million fine against Ant Group, the financial arm of online retail giant Alibaba.
China maintains bans on food imports from Japan due to safety reasons
(Corrects headline, paragraph 1 to say China will maintain bans, not will ban) BEIJING (Reuters) – China will maintain bans on the import of food from about one-fifth of Japanese prefectures for safety reasons, Chinese…
Alibaba’s Ant Group Accepts Fine, Could An IPO Be Next, Week In Review
Hong Kong-listed bank stocks had a very tough week for multiple reasons, which weighed down the broader markets. Asian equities ended a down week lower in advance of US employment data this morning.
Ant Group gets ‘very manageable’ $984 million fine as China ends tech crackdown that thwarted world’s biggest IPO
Still, China’s latest measures don’t represent a return to low … For Ant, it may take longer than anticipated to resume an IPO. Companies can’t list domestically on the country’s so-called A-share …
China ends Ant Group’s regulatory revamp with $984 million fine
Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a …
U.S. Treasury chief Janet Yellen pushes China over “punitive actions” against American businesses
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
