‘We urge Beijing to adhere to its commitments in the Sino-British Joint Declaration and Basic Law to allow Hong Kong to exercise a high degree of autonomy’ Department ‘categorically rejects’ charge … ( read original…
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China Proposes Tighter Oversight of Financial Holding Companies
China plans to start regulating large conglomerates that may pose systemic risks to the nation’s financial sector. Certain non-financial firms or individuals with businesses that straddle at least two … ( read original story …)
China moves to regulate ‘blind’ business expansion of financial holding firms
BEIJING — China’s central bank on Friday unveiled the first draft rules to regulate the country’s vast and often complex financial holding companies, which it said have had “blind business … ( read original story…
China’s Vice Premier, Sinopec Expected to Meet Saudi Energy Minister
Sinopec is China’s biggest buyer of Saudi crude. Aramco, the world’s most profitable company, has held talks with a select group of investment banks to discuss potential roles on the offering, … ( read original…
China may give big asset management firms nod for M&As of smaller banks
China’s banking and insurance regulator has told the country’s biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, … ( read original story …)
China may give big asset management firms nod for M&As of smaller banks
China’s banking and insurance regulator has told the country’s biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, … ( read original story …)
China central bank issues draft rules on financial holding firms
BEIJING (Reuters) – China’s central bank issued draft rules on financial holding companies on Friday, setting minimum asset requirements and banning them from non-financial business activities. Draft … ( read original story …)
Justin Sun praises China’s socialism in apology amid pressure from authorities
Justin Sun, the Chinese crypto-entrepreneur who made headlines … in a show of loyalty to China’s regulators amid reports of him being investigated by the authorities. “I was really fortunate … ( read original story…
China Bank of Jinzhou says in talks with possible investors, renewing contagion worry
BEIJING/SHANGHAI (Reuters) – China’s Bank of Jinzhou, which suspended trading in its shares earlier this year and saw its auditor quit, said on Thursday that it is in talks with multiple parties for … (…
Beijing residents enjoy financial upswing
Beijing’s GDP surpassed 1.52 trillion yuan ($221 billion) in the first half of 2019, growing 6.3 percent year-on-year, local officials said. “The city’s economic development was steady with an upward … ( read original story…
Lift Off With Waldorf Astoria Beijing’s “Into Deep Space” 3D Projection Afternoon Tea
BEIJING, July 26, 2019 /PRNewswire/ — Waldorf Astoria Beijing promises to be the “Pioneer of Culture” is lifting off into space, thanks to a collaboration with Italy’s leading creative company … ( read original story…
China probe finds FedEx may have held back over 100 Huawei packages: report
“The investigation showed that FedEx was suspected of holding up more than 100 Huawei packages entering China,” Xinhua said. “Investigators also discovered clues to other violations of the … ( read original story …)
China’s CATL to start battery storage business in Japan with Next Energy
TOKYO/SHANGHAI (Reuters) – China’s electric vehicle battery maker Contemporary Amperex Technology Co Ltd (CATL) (300750.SZ) said it will start offering products to homes and plants in Japan in … ( read original story …)
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