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), …
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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.
China’s Economic Activity Weakens in August Amid Delta Outbreak
China’s economic activity weakened in August as an outbreak of the delta virus variant curbed consumer spending and travel, while surging materials costs and supply-chain woes hindered production.
China bans kids from playing video games more than three hours per week starting September 1
Chinese government authorities are hoping to combat the growing rate of video game addiction in their country by limiting the playing time for minors to three hours per week. The rules: Children under …
China limits gaming time for children to 3 hours a week
China is banning children from playing online games for more than three hours a week, the harshest restriction so far on the game industry as regulators in the country continue cracking down on the …
