China’s securities regulator threw a wet blanket over investors’ mounting fervour to profit from the booming mental-health-care service sector after it rejected a listing application by the country’s largest privately-owned psychiatric hospital group. ( read…
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China Express Airlines wins IPO approval for fleet expansion
China Express Airlines has secured approval for an initial public offering (IPO) to expand its fleet, becoming the first regional carrier in China to launch an IPO. The Guiyang-based carrier plans to collect CNY1.4 billion…
Chinese media told to tone down coverage of giant firms’ debt, finance woes
China’s banking regulator orders loan checks on Wanda … The Chinese leadership under President Xi Jinping has made bringing financial risks under control – including high levels of corporate debt – a top priority. The…
Beijing to demolish thousands of ‘illegal structures’
Authorities in Beijing have unveiled plans to demolish 40 sq km (15 sq miles) of alleged illegal structures, a move set to displace thousands of low-paid migrant workers. The city’s acting mayor said they would…
China does not control AIIB, says bank chief
The Asian Infrastructure Investment Bank (AIIB) was not created to finance China’s New Silk Road trade project nor does Beijing control its decision-making, the bank’s chief said on Monday. Speaking at an event in Brussels…
China’s fledgling hip-hop culture faces official crackdown
China Women’s News accused PG One of misogyny over his use of obscene language to describe women. The incident also seems to have triggered a crackdown on the entire music genre. A memo surfaced last…
EU, Sweden call for China to release detained publisher
On Tuesday, Swedish Minister for Foreign Affairs Margot Wallstrom said in a news release that China has given no clear explanation for Gui’s detention. Sweden has already summoned China’s ambassador in the Scandinavian country over…
Beijing’s population falls for first time in 20 years
(CNN)The population of Beijing fell for the first time in two decades, state media reported Wednesday, amid ongoing efforts by the city’s government to drive out migrant workers. Beijing’s population dropped by 0.1% in 2017,…
Chinese news outlets like to steal my stories — but they probably won’t take this one
Its failure has changed China” was again translated and published by major Chinese portals including Sina and NetEase , Beijing-based news and information content platform Jinri Toutiao, and technology news website cnBeta, which together generated…
China’s cryptocurrency crackdown cost bitcoin company BTCC tens of millions in revenue: ‘It was in the realm of our worst possibility’
China banned bitcoin exchanges at the end of 2017 … BTCC founder and CEO Bobby Lee told Business Insider: “We always knew it was a risk that the Chinese government would look unfavourably on bitcoin…
China’s method of business will ultimately beat out the US approach, CEO says
Chinese entrepreneurs are focused on their domestic market, but they will start looking abroad within the next five to 10 years, according to the chairman and CEO of venture capital firm Sinovation Ventures. When that…
China wants to make the chips that will add AI to any gadget
Computer chips are key to the success of AI, so China needs to develop its own hardware industry to become a real force in the technology (see “China’s AI Awakening”). The West shouldn’t fear China’s…
China tries to quell protests over failed investment scheme
Qianbao had as many as 200 million registered users, according to Chinese news reports. The founder, Zhang Xiaolei — dubbed “China’s most notorious swindler” by one newspaper — turned himself in Dec. 26 to Nanjing…
