The stock exchange will remove U.S.-traded shares of China Telecom, China Mobile and China Unicom from the Big Board, the NYSE said Wednesday. ( read original story …)
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NYSE will delist three big China telecoms, reversing decision once again
‘Total submission’: With mass arrests, China neutralizes Hong Kong democracy movement
Dozens were detained under the national security law in the biggest onslaught in Beijing’s campaign to wipe out democratic aspirations in the financial center. ( read original story …)
The Ordinary’s China Distributor, SuperOrdinary, Gets Investment From ACG
Alliance Consumer Growth has made a minority investment in SuperOrdinary, a company that specializes in helping U.S.-based beauty brands expand into China. SuperOrdinary was started by Julien Reis, an … ( read original story …)
Snow Lake urges MGM Resorts International to sell 20% of China business – letter
Investment firm Snow Lake Capital on Wednesday urged MGM Resorts International to sell 20% of its China business to a strategic partner, calling it a “win-win transaction” for all. ( read original story …)
China notifies Mekong River neighbours it is holding back waters
China has notified downstream neighbours it is holding back the Mekong River flow at a hydropower dam on the waterway’s upper reaches for 20 days, as part of a new data-sharing pact, the Mekong River…
GM delivered 2.9 million vehicles in China in 2020, down 6.2% y/y
General Motors Co’s vehicle sales in China fell 6.2% in 2020, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market. ( read original story …)
China central bank says it will make policy flexible and targeted in 2021
China’s central bank said on Wednesday it will make its monetary policy flexible, targeted and appropriate in 2021. The People’s Bank of China (PBOC) added it would deepen reforms of its loan prime … (…
China sentences former top finance executive to death for bribery
A Chinese court has sentenced the former chairman of a huge state-owned financial company to death after finding him guilty of bribery. It’s a rare use of the most severe punishment in a long-running ……
NYSE’s Second-Guessing on China Delistings Sows Confusion
Almost two months after President Donald Trump said he’s cutting off U.S. investment in companies tied to China’s military, confusion reigns on Wall Street over how to interpret his order. One … ( read original…
China Says U.S. Flip Flops ‘All the Time’ Amid Listing Reversals
China said the U.S. “has been flipping flopping all the time” and urged it to respect market principles after investors were whipsawed by uncertainty over the status of three major Chinese … ( read original…
Google Cloud Seeks Blockchain Expert for China Division
Cloud computing giant Google Cloud is seeking to hire a “blockchain business development manager” to be based in China. According to a post, Google Cloud is hiring a manager for its team to sell ……
Manufacturers want Biden to boost ‘buy American’ practices
Some manufacturers said supply-chain problems during the pandemic and tensions between the U.S. and China could help Mr. Biden build support for “buy American” initiatives. Morey Corp., an … ( read original story …)
Jack Ma Fades From Public View as China Cracks Down
Jack Ma hasn’t been seen in public for two months. His absence was highlighted over the weekend after he skipped a taping of his own talent show. A person familiar with the matter has said the ……
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