China’s new anti-monopoly rules targeting tech giants could cause some short-term market volatility, but investors would eventually embrace them as it helps with transparency, says Daniel Gerard of … ( read original story …)
FINANCE
Allianz registers asset management firm in Beijing
The first wholly foreign-owned insurance asset management company in China, Allianz Insurance Asset Management Co, registered in Beijing on Sunday, waiting for the final approval from financial … ( read original story …)
China’s central bank conducts 110 bln yuan of reverse repos
China central bank on Monday conducted 110 billion yuan about 1701 billion US dollars of reverse repos to keep liquidity stable … ( read original story …)
China Arrests Australian TV Anchor on National Security Charge
China has formally arrested an Australian citizen who was formerly a news anchor for Chinese state television, escalating a case that has contributed to tensions between Beijing and Canberra. ( read original story …)
China Hedge Funds Add $200 Billion, Trouncing Wall Street
China’s army of tiny hedge funds are pulling further ahead of their better-known foreign competitors with outsized gains helping them attract more assets. ( read original story …)
Why is China being left out of Indonesia’s US$20 billion wealth fund?
Indonesia Investment Authority plans to launch soon, but it faces questions about its funding sources, make-up and intentions. ( read original story …)
China Hedge Funds Add $200 Billion, Trouncing Wall Street Rivals
China’s army of tiny hedge funds are pulling further ahead of their better-known foreign competitors with outsized gains helping them attract more assets. ( read original story …)
China Finance Online (NASDAQ:JRJC) Stock Crosses Above 200-Day Moving Average of $9.07
China Finance Online Co. Limited (NASDAQ:JRJC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.07 and traded as high as … (…
Japan stocks set for mixed start; China announces new anti-monopoly rules aimed at tech giants
China’s State Administration for Market Regulation released Sunday new anti-monopoly guidelines that target internet platforms. ( read original story …)
Clubhouse tempts censorship in China as users flock to social network’s audio chat rooms to debate Hong Kong, Xinjiang
The audio-chat social app has quickly gained popularity among mainland Chinese users as it gives them a rare space to freely discuss sensitive political topics. ( read original story …)
Beijing to issue 10 million yuan online ‘red packets’ in a broader digital currency trial
Residents who received “red packets” of digital RMB use the money in stores in Shenzhen, South China’s Guangdong Province. The city launched a pilot program to distribute 10m yuan ($1.49m) in the form … (…
China antitrust: ByteDance-Tencent dispute highlights data ownership grey area
The question of user data ownership is at the heart of a legal battle between TikTok owner ByteDance and WeChat owner Tencent. ( read original story …)
China’s central bank conducts 50b yuan of reverse repos
BEIJING – China’s central bank on Sunday conducted 50 billion yuan ($7.73 billion) of reverse repos to keep liquidity stable in the banking system ahead of the Spring Festival holiday. The interest … ( read…
