Cuba, China and Russia on Tuesday were elected to the controversial U.N. Human Rights Council — moves that the U.S. branded a “mockery” of the body’s intended purpose and as proof the U.S. was right … (…
BUSINESS
Fintech giant Ant Group wins approval from China’s securities regulator for jumbo IPO in Hong Kong
Ant Group has won approval from the China Securities Regulatory Commission (CSRC) for its blockbuster initial public offering in Hong Kong, according to people familiar with the matter. The Hong Kong … ( read original…
China regulator approves Ant Group’s Hong Kong IPO: IFR
China’s securities regulator has approved financial tech firm Ant Group’s Hong Kong leg of a planned dual-listing worth up to $30 billion, IFR reported on Monday citing unnamed people familiar with … ( read original…
Ant Group Is Said to Win China Approval for Hong Kong IPO Plan
The nod from China’s securities watchdog came later than expected, stirring speculation that Ant’s IPO was running into roadblocks. The company could raise about $35 billion in a dual listing in Hong … ( read…
Chinese consumers are buying more luxury goods during the pandemic — but they’re shopping closer to home, and European brands could feel the pinch
With travel restrictions in place, Chinese shoppers are buying luxury goods closer to home, and sales are going through the roof. ( read original story …)
Bitcoin Surpasses $11,000; China’s Currency Insurgency
Stone Ridge Asset Manager purchased $100 million worth of bitcoin to make it the firm’s “primary treasury reserve asset.” … ( read original story …)
Which Country Wields Most Power in Asia? U.S. Leads But China Is Catching Up
China is closing in on the U.S. as the most powerful country influencing the Asia-Pacific, as America’s handling of the Covid-19 pandemic tarnishes its reputation, a study showed. ( read original story …)
China passes new law restricting sensitive exports
Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests. Export controls under the law will apply to … ( read original…
Source: Joe Biden Is The ‘Big Guy’ Referenced in Hunter’s Massive China Business Deal
We may need to give Hunter Biden a gift basket. He dropped off his MacBook Pro for repairs in Delaware in April of 2019 but forgot to pick it up. ( read original story …)
Big Western businesses spending billions in China
World-famous firms investing big in the People’s Republic Tesla Leading the way is California’s Tesla. CEO Elon Musk has been described as having a love affair with China and is pushing ahead with a ……
Hunter Biden’s business partner played key role in meeting between Chinese businessmen, Obama staff
A high-powered delegation of Chinese communist industrialists was able to gain access to senior Obama White House officials during a 2011 U.S. visit thanks to Devon Archer, Hunter Biden’s principal … ( read original story…
Top Chinese chemical firm uses blockchain to cut trade financing costs
One of China’s largest chemical producers has launched a new Blockchain Warehouse Receipt Platform to help the industry combat the rising costs of operations and trade financing. An increased demand … ( read original story…
Bloomberg New Economy: Ant Group Caught Between Beijing and Washington
But Ant Group, which grew out of a gigantic digital payments business, has the spending records of more than 700 million Chinese citizens at its fingertips. So banks now pay Ant to identify and assess…
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