China plans to revise its Anti-Money Laundering policies to include cryptocurrencies. The move remains crucial as the nation has never updated its AML rules since its 2007 inception. Anticipated to …
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China prepares to introduce crypto AML laws by 2025
China is revising its AML laws to include cryptocurrencies, aiming to enact these changes by 2025 for a stronger financial framework.
Myanmar hands over three junta-backed Chinese warlords to Beijing
Myanmar has handed over three Chinese warlords to Beijing, who were notorious for running scam centres that trapped more than 100,000 foreign nationals. Bai Suocheng, Wei Chaoren and Liu Zhengxiang led three of four families…
China unveils new property support measures amid concerns about Evergrande fallout
A state-backed property project in China has received the first development loan under Beijing’s so-called “whitelist” mechanism and two major cities have eased home-buying curbs, state media reported,
CHINA MOBILE Buys back 155K Shrs for $9.92M+
CHINA MOBILE (00941.HK) announced that it repurchased 155,000 shares of the company today (23rd) at $63.3-64.5 per share, involving $9.9227 million.Since the ordinary resolution wa… CHINA MOBILE …
China’s major state banks defend yuan as stock markets slide – sources
China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as …
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book CEO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman Moment’, since the government effectively controls all of the intermediaries in the economy and can force them to continue to …
China warns local govts not to misuse tech innovation funds
China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are …
State-backed ‘national team’ of investors piles in to support China stocks
A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors.
New China defence minister holds video talks with Russia’s Shoigu
China’s new defence minister Dong Jun held a video call with his Russian counterpart Sergei Shoigu on Wednesday, according to a defence ministry statement, in his first public engagement since being appointed last month.
Taipei protests against Beijing’s ‘unilateral’ moving of flight path closer to sensitive median line
Taiwan has protested against China’s “unilateral” adjustment of civil aviation flight routes that could result in civilian aircraft flying closer to the sensitive Taiwan Strait median line, adding pressure on Taipei in its aviation safety…
Myanmar Junta Takes Heavy Hits Three Years After Coup
One morning last October as the dawn light touched the cold hills of northern Myanmar a barrage of rockets and drones streaked through the sky and slammed into dugouts and bases housing military troops.
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
“China’s non-commercial financial system ensures there won’t be a ‘Lehman moment,’ since the government effectively controls all of the intermediaries in the economy and can force them to continue to lend, supply, borrow, etc,” China…