The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. ( read original story …)
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China’s central bank pledges continued opening-up of financial industry
[Photo/China News Service] BEIJING – The People’s Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country’s financial industry in a sound … ( read…
China Market Update: Mainland Moves Higher On Positive Caixin PMI Manufacturing Release, HSBC Weighs On Hong Kong
Growth stocks in Hong Kong were led by volume leaders Tencent, which gained +0.94%, Meituan Dianping +4.53%, Semiconducor Manufacturing +4.86%, and Alibaba HK -0.16%. ( read original story …)
White House adviser Navarro suggests Microsoft divest China holdings
White House trade adviser Peter Navarro suggested on Monday that Microsoft Corp could divest its holdings in China if it were to buy the Chinese owned short-video app TikTok. ( read original story …)
Zoom Just Made A Major China Move Amid TikTok Ban Fears
Zoom has just made a major China move to distance itself from the country amid growing scrutiny of firms such as TikTok in the U.S. ( read original story …)
TikTok parent to shift HQ from Beijing to London: Report
Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper … ( read original story …)
China faces financial RUIN: Fresh COVID-19 outbreaks and severe flooding hit Beijing hard
CHINA could face serious economic consequences as fresh cases of the coronavirus and severe flooding are likely to delay the country’s economic recovery, analysts have claimed. ( read original story …)
MGM China Reports 2020 First Half Results
Hubert Wang, President & Chief Operating Officer of MGM China said: “We are encouraged to see the lifting of quarantine measures for visitors from Macau into Guangdong Province, as an important first … ( read…
Trip To China To Investigate Source Of Coronavirus Outbreak Ends
The international update comes as more than 18 million cases of the coronavirus have been reported worldwide, data from Johns Hopkins University shows. The United States, Brazil, India, Russia and … ( read original story…
Huawei to regain its top ranking in 5G mobile base station market this year
Huawei is expected to regain its number one status in 5G mobile base station market this year after losing ground to Ericsson last year due to the US ban. According to research firm TrendForce, Huawei…
German laser tech company says gov’t blocks exports to China
A German company that specializes in laser communication says it is pulling out of uncompleted transactions in China after the German government barred it from delivering hardware to the country … ( read original story…
Leaked Concept Art Hints At Potential ‘Assassin’s Creed’ Game Set In China
A couple of concept art drawings allegedly designed for a future “Assassin’s Creed” title that could be set in China was recently spotted by a fan. Following Ubisoft’s rec … ( read original story …)
Why the head of a top China-based venture capital firm says TikTok is a massive litmus test for the globalization of Chinese technology
Ben Harburg, managing partner of China-based venture capital firm MSA Capital, discusses the TikTok situation and the broader implications for business and relations between the U.S. and China. ( read original story …)
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