China’s top business and commerce regulator is investigating Luckin Coffee Inc., after the Nasdaq-listed coffee chain revealed that much of its 2019 … ( read original story …)
FINANCE
U.S. proposes new restrictions on certain exports to China, filing says
The U.S. Department of Commerce on Monday proposed rule changes that would impose new restrictions on certain exports to China, according to a government filing. ( read original story …)
Luckin Coffee Office Raided As China Regulators Probe Fraud At Starbucks Rival
Luckin said earlier this month that more than $300 million in sales may have been fabricated last year, triggering a plunge in shares and investigations in the U.S. and China. ( read original story …)
U.S. imposes new restrictions on exports to China
The new rules will require licenses for U.S. companies to sell certain items to military entities, even if they are for civilian use, and do away with a civilian exception that allows certain U.S. (…
China Asks Banks to Halt New Sales of Products That May Lead to Unlimited Losses: Sources
China Banking and Insurance Regulatory Commission (CBIRC) gave verbal instructions to banks to halt new sales of products that could trigger open-ended losses for investors, and requested reports on … ( read original story …)
KFC serving plant-based chicken in China after US debut
The chicken chain is partnering with U.S food giant Cargill to debut its nuggets at participating stores in Shanghai, Guangzhou, and Shenzhen. ( read original story …)
U.S. proposes new restrictions on certain exports to China — filing
The U.S. Department of Commerce on Monday proposed rule changes that would impose new restrictions on certain exports to China, according to a government filing. The department also amended a rule … ( read original…
PSD2 And Finance Software Solutions Market Segments, Opportunity, Growth And Forecast By End-Use Industry 2020-2027
The Global PSD2 And Finance Software Solutions Market Perspective, Comprehensive Analysis along with Major Segments and … ( read original story …)
The Finance 202: Joe Biden blasts big banks, corporate America over coronavirus response
Joe Biden is putting big banks on notice. The presumptive Democratic nominee accused major financial institutions of favoring their big corporate clients in handing out taxpayer-backed loans intended … ( read original story …)
China’s Biggest Bank Halts Retail Products in Commodities
Industrial & Commercial Bank of China Ltd., the nation’s largest lender, suspended sales of more products that allowed retail investors to speculate on swings in commodities after many were burnt by … ( read original…
China Literature Limited Announces the Change of the Management Team
China Literature Limited (“China Literature” or the “Company”, together with its subsidiaries, the “Group”, stock code: 0772.HK), a leading online literature platform in China, announced changes to … ( read original story …)
China’s Biggest Bank Halts Swath of Commodities Retail Products
Industrial & Commercial Bank of China Ltd., the nation’s largest lender, suspended sales of more products that allowed retail investors to speculate on swings in commodities after many were burnt by … ( read original…
China says no information to offer regarding N.Korea leader Kim
China’s foreign ministry said on Monday it has no information to offer regarding North Korean leader Kim Jong Un, amid conflicting reports and speculation about his whereabouts and medical condition. ( read original story …)
