China’s biggest social media and gaming company posted a 65 per cent rise in profit for the first quarter, beating estimates, as the company continues to face antitrust scrutiny from Beijing.
FINANCE
Beijing’s Crypto Crackdown Is Not New but Don’t Dismiss It
China’s crypto crackdown looks largely the same as the previous warnings but has sharpened its focus in banks and payment companies.
China vows to curb inflation risks by tackling ‘malicious speculation’ in commodity markets
The State Council has promised tougher oversight of commodity markets and more domestic supply, fearful high raw material prices could eventually be passed through to consumers.
China must give up control of yuan exchange rate to achieve internationalisation, central bank official says
Finance Research Institute, says the rate has to be determined by global market participants China’s central bank has already made it clear that it has stopped regular intervention and will let the …
Schumer tactics on China bill reveal broader trade strategy
Senate Majority Leader Charles Schumer (D-N.Y.) is frustrating members of the powerful Senate Finance Committee by largely shutting the panel out of a bipartisan bill intended to increase U.S.
China’s Industrial Commodities Slide After Beijing Warns of Market Crackdown
China’s main industrial commodities tumbled on Thursday after the government announced stepped-up measures to keep a lid on soaring raw material prices which threaten to undermine the country’s …
Bitcoin Plummets After China Bank Crackdown
Regulators in China have cracked down again on Bitcoin and cryptocurrencies. Find out what happened in China and how it might impact your investments.
China banking chief urges Beijing to give the yuan its freedom
China has been urged to release the reins on the yuan exchange rate if it’s serious about giving their currency global clout. Beijing has taken some steps towards more financial liberalisation in …
Explained: What Beijing’s new crackdown means for cryptocurrencies in China
The fresh crackdown makes it more difficult for individuals to buy cryptocurrencies using various payment channels, and could impact miners’ business by making it harder for them to exchange …
What Beijing’s new crackdown means for crypto in China
Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to …
China Bars Financial Companies From Cryptocurrency Services
In a fresh crackdown on cryptocurrencies, China has banned financial services providers from certain offerings related to the popular but volatile asset class. In a joint statement issued on Tuesday, …
Intl Finance Forum 2021 spring meetings set for Beijing May 29-30
The spring meetings of International Finance Forum 2021 will be held from May 29 to 30 in Beijing, and will involve discussion topics of common development, sustainable finance, climate change and …
Explainer: What Beijing’s new crackdown means for crypto in China
Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrency, marking a fresh crackdown on digital coins. Many …
