MY E.G. Services Bhd (MYEG) and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd have entered into a collaboration to leverage on the Zetrix blockchain to offer …
Monthly Archives For September 2023
Crypto Exchange JPEX Blames Regulators, Partners For Liquidity Crisis As Hong Kong Probe Results In Arrest
A crypto influencer, named Joseph Lam Chok, was arrested Monday for his association with JPEX, the South China Morning Post reported. Hong Kong police have reportedly received at least 83 complaints …
Popular US$1.40 buffet in China may close after nearly 10 years as new diners lured by viral videos steal and waste food
Modest buffet in China caught national attention in August when a blogger posted viral videos of eatery online but owner says she now faces ruin Humble outdoor establishment offers honesty-based …
China’s industry ministry to work on standards for the metaverse
China’s Ministry of Industry and Information Technology (MIIT)said on Monday that it will form a working group to establish standards for the metaverse sector as Beijing seeks to be a global standards-setter for new technology.
China’s cash-squeezed Country Garden faces another dollar coupon deadline
Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offshore bond, after having dodged default at the last minute twice this…
China property woes weigh on EM stocks ahead of central bank-heavy week
Emerging market (EM) stocks fell on Monday in a glum start to a week packed with major central bank policy decisions, with Hong Kong’s benchmark index dragged down by prolonged malaise in China’s …
Fostering Global Collaboration Amid Volatile Geopolitics and Technology Bans
No country can go it alone in today’s interconnected world. Here’s a potential path back to global cooperation to facilitate the sharing of technological advancements and the assurance of collective …
Chinese state firms’ help to troubled shadow bank does little to address investor concerns
The involvement of two Chinese state-owned financial firms in Zhongrong International Trust Co’s operations and management may diffuse risk at the troubled shadow bank but does little to ease concerns …
Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 mln
Beijing Fourth Paradigm, an AI startup … which equates to 70.6% of the IPO, the filings showed. Fourth Paradigm was added to the U.S. “Entity List” this year, which means U.S. suppliers are barred …
Beijing to Fast-Track Tech Unicorn IPO Applications, Listings as Part of New Policy Package
(Yicai) Sept. 14 — Eleven Beijing city authorities have issued a joint policy package to support technology unicorns, or privately held startup companies worth at least USD1 billion, including a fast …
China Sends Record 103 Warplanes Near Taiwan as U.S. Officials Visit
103 PLA aircraft and 9 PLAN vessels around Taiwan were detected by 6 a.m. (UTC+8) today. R.O.C. Armed Forces have monitored the situation and tasked CAP aircraft, Navy vessels, and land-based missile …
German minister calls Xi Jinping ‘dictator’. ‘Dissatisfied’ Beijing complains
China said that it was “strongly dissatisfied” and that it had made “solemn representations to the German side through diplomatic channels”.
Crypto influencer arrested in Hong Kong for JPEX association
PEX blamed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.
