Chinese regulators are scrutinising old business deals and bank accounts of senior executives as they ramp up inspections of stock-listing hopefuls. No companies have lodged IPO plans in Shanghai and Shenzhen this year.
BUSINESS
Finnish gaming company to attend 7th China Int’l Import Expo
Finland’s leading gaming company MyGamez has signed a cooperation memorandum to attend the 7th China International Import Expo (CIIE) in November, as Finnish businesses show increasing enthusiasm for …
A millennial couple moved from Arizona to China to teach at an international school. The cost of living is much cheaper, though the language barrier is challenging.
Scott and Marissa Vleeschouwer relocated from Arizona to China to work at an international school, and they enjoy the lower cost of living.
US revokes Intel, Qualcomm’s export licenses to sell to China’s Huawei, sources say
By Alexandra Alper, Fanny Potkin and David Shepardson WASHINGTON/SINGAPORE (Reuters) -The U.S. has revoked licenses that allowed companies including Intel and Qualcomm to ship chips used for laptops …
China encourages use of BeiDou position system in electric bicycles
China encourages domestic manufacturers of electric mopeds and scooters to install the BeiDou high-precision satellite positioning system in their products, the Ministry of Industry and Information …
The US dollar is so strong that China’s central bank, among others, just keeps loading up on gold
China’s economy is struggling, leading to a surge in gold purchases as a safe-haven asset.Central banks are on a gold-buying spree, contributing to record-high spot gold prices.Other central banks are …
China Embraces Homegrown Electric Cars Over Foreign Gas Guzzlers
Zeekr, a sub-brand of Geely, is bringing sedans and sport utility vehicles into a sleek new showroom. The new Shanghai location is the second that Yongda Auto, the fourth-largest dealer chain in China …
China Milktea Brand Shares Soar as Anti-Japan Reports Lift Sales
Shares of a Chinese beverage maker soared after a surge in online sales following unconfirmed reports that the company’s packaging included criticisms of Japan’s discharge of treated wastewater from a …
With onsite inspections, China dials up scrutiny of local market IPO hopefuls
Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings …
Suspicious China Cooking Oil Is Hurting US Biofuels Business
China is flooding the US with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.US imports of …
Focus: With onsite inspections, China dials up scrutiny of local market IPO hopefuls
The moves have resulted in a growing list of local companies withdrawing initial public offering (IPO) applications. China’s securities regulator has said it aims to ensure only high-quality firms or …
MNI INTERVIEW: China Exports To Grow In 2024 – Advisor
China’s trade should recover to pre-pandemic trends of single digit growth in 2024 driven by export demand for new manufactured goods, following flat results last year and despite western “overcapacity” accusations,
Europe faces a dilemma over China trade tariffs as investment and export needs weigh against cheap EV fears
Still, Europe needs China not only as an export market but “because it cannot afford to lose access to indispensable inputs for its desperately needed energy transition,” she added. Here are some sectors to watch.…
