The deal follows the sweeping measures to overhaul overseas listings announced last month by China, adding a new layer of cybersecurity oversight to the listing plan by any company with access to the …
FINANCE
Alibaba, JD, Didi Slip as China Seeks to Tighten Competition Rules
Tencent Holdings ADRs (OTC:TCEHY) fell 2.6%. The new rules, proposed by State Administration for Market Regulation, seek to prevent unfair competition among Internet companies. If approved by the …
Beijing officials to host first seminar for Hong Kong lawmakers at Legislative Council, brief on 14th five-year plan
Beijing officials will host their first seminar at Hong Kong’s Legislative Council next Monday when they brief city lawmakers on the country’s 14th five-year plan, sources have said. The delegation, …
China targets internet giants with new competition rules, putting pressure on tech shares
The proposed regulations would limit the way companies can attract consumers and are allowed to analyze user and competitor data.
Beijing took stake and board seat in key ByteDance domestic entity this year
“at-above-post addthis_tool” data-url=” Yingzhi Yang and Brenda Goh BEIJING/SHANGHAI (Reuters) -The Chinese government took a stake and a board seat in a key ByteDance entity this year – a move that …
Beijing takes stakes in ByteDance, Weibo amid widening crackdown
The Chinese government has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, corporate records showed, amid a …
China Tech Stocks Slump as Nation Issues Draft Competition Rules
A wave of selling in China’s bellwether technology stocks continued for a fifth day, following Beijing’s latest moves to tighten its grip on the nation’s internet giants.The Hang Seng Tech Index …
Foreign financial firms continue to benefit from China’s opening-up
Overseas financial institutions have leveraged China’s opening-up policies to play a big role in the country’s capital market, with their holdings of yuan-denominated bonds increasing by over 450 …
China issues draft rules banning unfair competition in the internet sector
Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the …
Op-Ed: Afghanistan v2.0 – The new rich bank and arsenal for terror as a global strategy disaster
Strategically, the Taliban’s takeover of Afghanistan has opened a Pandora’s box of possible issues. Afghanistan is centrally situated in one of the world’s most backward, least stable, regions.
China’s anti-sanctions law raises risks for global banks and financial firms in Hong Kong
New anti-sanctions law potentially raises risks for Hong Kong’s banks, insurers and asset managers as they bet big on growth in China, experts said.
UPDATE 1-Beijing takes stake, board seat in ByteDance’s key China entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance Technology, The Information reported on Monday, citing corporate records and …
Phoenix Finance, Formerly Known as FinNexus, Announces Relaunch on Polygon and Wanchain
BEIJING, CHINA / / August 16, 2021 / Phoenix Finance, a leveraged token and derivatives platform formerly known as FinNexus, has officially announced the relaunch of its protocols on Polygon and …
