What the 23-year-old bought instead was a Huawei Nova 2, a dual-camera smartphone unveiled this summer by China’s Huawei Technologies, priced at 2,899 yuan ($599) – about two-thirds that of the iPhone 6S. “I don’t…
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Week In Review: Zai Lab Completes $150 Million U.S. IPO; Investors Push Valuation To $1.4 Billion
Zai Lab (Pending:ZLAB) raised $150 million in its US IPO after the company increased the size of the … Bellen, a CRO headquartered in Beijing, raised $38 million in a B funding. Founded in 2007,…
S&P’s China downgrade may deter forex liberalisation plans
The decision by prominent US financial agency S&P Global Ratings to downgrade China’s sovereign rating is likely to deter some financial liberalisation plans under consideration in Beijing, particularly as the decision was made at a…
Chinese cities impose new property control measures
BEIJING (Reuters) – A number of provincial capitals across China have rolled out new curbs to further slow home property sales, and bear down on lingering speculators that could destabilise markets ahead of a key…
A private solution for China’s zombie company problem? Unlikely
They cited China Life stepping in to help China Unicom raise $12 billion last month. A limited role for private capital would raise questions about the depth of any overhaul of the SOEs. China hopes…
The next financial crisis is coming, I just don’t know when
“The Next Financial Crisis”. It lays out numerous possible triggers – a recession; a clumsy central bank unwind; deflation; an asset market crash; a collapse in market liquidity. Triggers could come from Italy, China, Japan…
China’s securities regulator hands out more fines
China’s securities regulator has handed out more fines to punish market violations amid tightened financial supervision in the first eight months of the year. From January to August, the China Securities Regulatory Commission has given…
China should open up financial sector: think tank
China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. China has made significant headway in opening up its financial sector over the…
China says North Korea earthquake a ‘suspected explosion’
A number of previous shallow quakes in North Korea, including the most recent earlier this month, have turned out to be caused by the rogue state’s nuclear tests, China’s official Xinhua news agency reported. According…
‘A US Trade War With China Will End US Monopoly on Global Financial System’
saying that the restrictions could involve cutting off Beijing’s access to the US financial system. “If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US…
Chinese media warn about ‘lessons’ for South Korea when it ignores Beijing’s ‘concerns’
China has not acknowledged any official ban on South Korean businesses. Still, in a Tuesday editorial, state media hinted at a causal relationship between acting against Beijing’s wishes and business hardship. A consumer boycott was…
China Cities Tighten Home-Sale Rules to Tame Property Market
Several large Chinese cities including Shijiazhuang, Chongqing, Nanchang, Nanning and Guiyang are imposing restrictions on home resales as part of the nation’s campaign to cool its heated property sector. Chongqing will ban sales of new…
More Chinese cities impose property control measures
BEIJING, Sept 24 (Reuters) – A number of second-tier cities in China have rolled out property speculation curbs in an effort to cool home property sales, according to the official Xinhua News Agency and documents…
