China has told its securities firms and their offshore units to stop conducting illicit cross-border business, including brokering shares and selling funds to domestic investors, in a bid to plug …
BUSINESS
Scale, solid supply chain of China’s manufacturing a huge advantage
“Given the complete category and steady supply chain, China’s manufacturing sector has a strong risk-resistance capacity,” said Tom Van der Heyden, a professor from a European business college, adding …
US sanctions to hinder SenseTime’s automotive business growth
China-based image recognition technology company SenseTime is ramping up its automotive sales as self-driving develops. The effort is critical to SenseTime because China’s sluggish real-estate market …
Luyuan, Shiyuan Daotian Rise in Hong Kong Debut Amid Hopes for IPO Market’s Recovery
By Sherry Qin Shares of Luyuan Group Holding and Shiyue Daotian Group rose on their debut on the Hong Kong Stock Exchange amid hopes the market for …
China’s GDP expected to grow at around 4% in Q3
China’s GDP is expected to grow 4.1 percent year-on-year in the third quarter of this year, Securities Daily reported on Thursday. The Chinese economy has shown a trend of stabilization and recovery, …
China’s appetite for U.S. IPOs shows little sign of roaring back
Seventeen Chinese companies raising a total of $405 million made their debut on U.S. exchanges this year, according to data through Oct. 4 from IPO research firm Renaissance Capital. That is already …
China’s Economic Stake in the Middle East: Its Thirst for Oil
China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
Pheton Holdings Files for IPO
By Ben Glickman Pheton Holdings on Wednesday filed for an initial public offering with the U.S. Securities and Exchange Commission. The Chinese …
Sam Bankman-Fried bribed China $100M to unfreeze crypto accounts, Caroline Ellison testifies
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more …
Rule curbing AI chip exports to China under final review
A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can …
China saves billions of dollars from record sanctioned oil imports
China has saved roughly $4.2 billion by importing a record 1 million bpd during the same period from Iran, 60% above pre-sanction peaks recorded by Chinese customs in 2017 at 623,000 bpd, as Tehran …
China’s Trade Hinges On Better Policy Relations Around The World – Starting With Israel, Some Say
In a white paper it published this week, China was quick to advertise how it is ramping up its global infrastructure investments.
WEMIX PTE. LTD. Invested in Five Chinese Game Developers Through Blockchain Game-specialized Fund
Seoul, South Korea, Oct. 11, 2023 (GLOBE NEWSWIRE) — WEMIX PTE. LTD., a Wemade subsidiary based in Singapore, has invested in five Chinese game developers through a blockchain game-specialized fund …