Children under the age of 18 in China will now be limited to playing online games for one hour only on Fridays and weekends, and also on public holidays, the Chinese government announced today. Three…
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Nippon Steel Riding Beijing Policy Tailwind to Record Profits
China’s push to reduce carbon emissions is providing a tailwind for steel producers worldwide as it limits output from the country and pushes down the cost of key ingredient iron ore, according to …
Beijing has a new legal architecture for sweeping control over user data
Beijing wants to govern data as a key national asset within its borders, while trying to further unlock data’s potential.
China banking and insurance regulator fines PICC Property & Casualty
China’s banking and insurance regulator on Monday said it was fining PICC Property and Casualty Co Ltd due to a violation of the insurance law.The non-life insurer was fined 500,000 yuan (US$77,000), …
StanChart Forms JV with Linklogis for Blockchain-Based Trade Finance Platform
Standard Chartered has formed a joint venture with Linklogis to establish a blockchain-enabled trade finance platform dubbed as Olea.
China’s factory activity expands at slower pace in August -official PMI
China’s factory activity expanded at a slower pace in August as coronavirus-related restrictions and high raw material prices pressure manufacturers in the world’s second largest economy. BEIJING, Aug …
China’s Services Sector Contracts Amid Delta Virus Outbreak
China’s economy took a knock from the delta virus outbreak in August, with the services industry contracting for the first time since March last year and manufacturing hit by supply-chain problems.The …
Geely Raises $500 Million in the First Ever Outside Investment Round for its New Premium EV Brand ‘Zeekr’
Chinese automaker Geely Automobile and its parent Zhejiang Geely Holding Group Co. (Geely) raised $500 million in the first-ever external funding round for its new jointly owned premium electric …
Ant Group’s IPO Relaunch Seen at Risk Due to Hangzhou Probe
Ant Group Co.’s aspiration to revive its initial public offering could be jeopardized by recent investigations into Hangzhou’s top political leaders, according to Bloomberg Intelligence. An IPO …
China steps up scrutiny of brokerages’ margin loan business – media
China’s securities regulator has strengthened scrutiny of brokerages’ margin lending and securities borrowing businesses, after detecting misbehaviour recently, the official China Securities Journal …
Beijing-Shanghai high-speed railway net profit soars in H1
The Beijing-Shanghai high-speed railway raised 15.1 billion yuan ($2.3 billion) revenue in the first half of this year or 50.3 percent more from that of a year ago. And its net profit surged 417.28 …
China’s factory activity expands at slower pace in August, services contract
China’s factory activity expanded at a slower pace in August, while the services sector slumped into contraction, as coronavirus-related restrictions and high raw material prices pressure businesses …
China environment ministry says U.S. climate envoy Kerry invited to visit
United States climate envoy John Kerry will visit china between Aug. 31 and Sept. 3 at China’s invitation, China’s Ministry of Ecology and Environment said in a statement on Tuesday.
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