carried by state news agency Xinhua, gave few details. It said the proposal had been made by the party’s Central Committee, the largest of its elite ruling bodies. The proposal also covers the vice president…
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Anbang takeover puts China’s companies on notice
“I think any private players in the financial sector who are big enough to potentially be a headache for the government and who have had regulatory problems must be worried,” said Andrew Gilholm, director of…
Beijing protests US sanctions on Chinese firms over N. Korea ties
Beijing has protested against Washington’s decision to impose sanctions against Chinese companies accused of conducting illicit economic deals with North Korea, the foreign ministry said. US President Donald Trump on Friday announced measures targeting ……
Faux snow: Man-made snow to be used in Beijing and beyond
The forecast for the next Winter Olympics: cold with a 100 percent chance of fake snow. In other words, a lot like the Olympics which wrap up Sunday in South Korea. Though freezing temperatures and…
China prolongs preparation period for IPO reform
BEIJING, Feb. 24 (Xinhua) — China’s top legislature decided to prolong a mandate, which allows the State Council to prepare for reforms that will change the stock listing system from approval-based to registration-based, for another…
China: New US sanctions threaten cooperation over North Korea
China has demanded the US reverse its decision to impose fresh … very unfortunate for the world”, Reuters news agency reported. The announcement comes two months after the UN Security Council said it was imposing…
TABLE-China property price changes in January
BEIJING, Feb 24 – Following is a breakdown of average new home price changes in major Chinese cities in January, announced by the National Bureau of Statistics on Saturday. Home price figures published since January…
CPAC: Frank Gaffney Warns of China Waging ‘Unrestricted’ Financial, Cyber War on U.S.
The communist People’s Republic of China has been waging “unrestricted war” against the United States as its top financial and cyber adversary, cautioned national security expert Frank Gaffney during a 2018 CPAC event Friday. Gaffney…
China cuts banking red tape to rally foreign investment – Xinhua
BEIJING (Reuters) – China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government’s ongoing effort to promote investment in…
Xi Jinping’s trusted confidant, Harvard-educated Liu He emerges as frontrunner for China’s central bank
BEIJING (Reuters) – Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People’s Bank of China…
China orders three insurers to fix overseas investment rule breaches
BEIJING (Reuters) – China’s insurance regulator said on Saturday it would force three major insurers to take steps to deal with overseas investments that had violated regulations, as Beijing intensifies its crackdown on risk in…
China seizes Anbang, charges dealmaking founder with fraud
Anbang’s rise in recent years was remarkable even by the standards of China’s booming insurance sector. And in many ways, the company’s business model was among the industry’s riskiest. Much of Anbang’s growth was tied…
China prosecuting Anbang insurance tycoon, who controls Waldorf Astoria hotel
A prominent business magazine, Caixin, said in May at least 30 billion … cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang failed to…
