China Construction Bank (OTCPK:CICHY +3.2%), the world’s second-largest bank by assets (as of fall 2020), plans to launch the sale of $3B of debt on blockchain, the first digital security issued by a … ( read…
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China Construction Bank to issue $3B of debt certificates on blockchain
China Construction Bank to Launch $3B in Bonds Using Blockchain
The state-owned China Construction Bank (CCB) is preparing to become the first local bank to issue bonds using … ( read original story …)
Alibaba’s Singles Day overshadowed by China’s new antitrust proposal
Alibaba set a new sales record for the annual Singles Day shopping event, a feat that was overshadowed by a near 10% stock plunge caused by proposed new Chinese antitrust regulation. CNBC’s Eunice … (…
Blackstone adds to logistics bet with $1.1B acquisition in China
As part of its global bet on logistics assets, (BX -1.5%) is set to acquire a majority stake in China’s Greater Bay area’s largest urban logistics park for $1.1B.The deal expands Blackstone’s China … (…
K-Pop band Blackpink’s video with giant panda cub sparks outrage in China
Pop band Blackpink has caused uproar in China after videos were circulated showing band members handling a giant panda cub in a South Korean zoo. ( read original story …)
China forces ouster of Hong Kong pro-democracy lawmakers, quashing opposition
For the first time since Britain returned the city to Chinese sovereignty in 1997, there is likely to be no political opposition in the legislature. ( read original story …)
Hong Kong Security Law: How Beijing Is Cracking Down
An explanation of how Hong Kong’s Beijing-backed government has moved quickly to make use of new powers. ( read original story …)
Four Hong Kong pro-democracy lawmakers unseated as Beijing moves to silence opposition
Four pro-democracy Hong Kong lawmakers were stripped of their seats on Wednesday after Beijing passed a resolution giving local authorities broad new powers to quash dissent, in a move that signals … ( read original…
Hong Kong Opposition Resigns From Legislature Over Latest Beijing Crackdown
Hong Kong’s opposition lawmakers said they would resign en masse over the ouster of four pro-democracy colleagues, as Beijing intensifies its crackdown on dissent in the city. ( read original story …)
On Singles’ Day in China, Couriers Clamor for More
The country’s booming e-commerce sector relies on millions of delivery workers, some of whom are protesting low wages and grueling working conditions. ( read original story …)
After the virus, China’s answer to Black Friday and Cyber Monday aims to rescue retail
Consumers hit websites in droves for the country’s annual shopping frenzy, though some say they are more frugal this year. ( read original story …)
China’s Sinopharm says data ‘better than expected” from unit’s COVID-19 vaccine trials
China National Pharmaceutical Group (Sinopharm) said on Wednesday the data from large-scale, late-stage clinical trials for its unit’s COVID-19 vaccine are “better than expected”. ( read original story …)
Biden’s China Tech Plan: Stronger Defense, Quieter Offense
President-elect Joe Biden may change the tone of Washington’s relationship with Beijing, but business leaders and Democratic advisers say he is likely to push back on China’s aim to become a global … ( read…