Privately held Contemporary Amperex Technology Co. Ltd (CATL) is one of China’s largest manufacturers of batteries for electric vehicles. It plans to raise about $2 billion in an IPO in the coming months in China,…
Featured Posts Title
China ordered to pay $24 billion after standing in the way of COVID-19 supplies
Beijing now wants to install ‘research’ devices in Maldives
US judge holds China liable for COVID-19 response, allegedly hoarding medical supplies
How the COVID-19 pandemic shut down Minnesota in three weeks
Influential AI expert Tingwen Huang returns to China after decades abroad
Canada Hit With Major New Retaliatory Tariffs From China
30 years of the Beijing declaration: What have we learned?
Recent Posts
Chinese Battery Champion Has Fully Charged IPO
Beijing foots bill for visits to China by Canadian senators, MPs
Canadian MPs and senators have been accepting free trips to China paid for by the Chinese government and Beijing-friendly groups and meeting with agents of the Communist Party, whose goal is to win overseas support…
The US, Europe, and China are divided on whether Beijing has a market economy
U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria…
China banking regulator targets ‘invisible shareholders’
China’s banking regulator is preparing new rules to forbid “invisible shareholders”, a response to the widespread use of shell companies and proxies to disguise the true owners of major Chinese banks and other companies. A…
China says growth in interbank wealth products slowing sharply
BEIJING, Dec 1 (Reuters) – China’s banking regulator said on Friday that the country’s interbank business slowed significantly in the first 10 months of the year, with the total volume of wealth management products (WMPs)…
China’s banking regulator says will clean up existing micro loans
BEIJING (Reuters) – China’s banking regulator said on Friday that it will clean up existing micro loans after it suspended its approval for new micro loan firms, amid a crackdown on riskier borrowing. The regulator…
Top 3 players of China’s telecom market Q1-Q3 2017
Regarding 4G users, China Unicom and China Telecom combined had a total of 328 million 4G network users, versus China Mobile’s 622 million; however, as of June, the former two had less than half the…
Regulator fines China Minsheng Banking $4.2 million for fake wealth product sales
SHANGHAI (Reuters) – China’s banking regulator has fined a Beijing branch of China Minsheng Banking Corp (1988.HK) 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on its…
Regulator fines China Minsheng Banking $4.2 mln for fake wealth product sales
SHANGHAI, Dec 1 (Reuters) – China’s banking regulator has fined a Beijing branch of China Minsheng Banking Corp 27.5 million yuan ($4.16 million) for selling fake wealth management products, according to a notice posted on…
China central bank skips open market operations on sufficient liquidity
China’s central bank suspended open market operations Friday, citing sufficient liquidity in the banking system. The move meant a net cash withdrawal of 40 billion yuan (6.05 billion U.S. dollars) from the market as previous…
China busts underground bank used to funnel $3 billion out of the country
BEIJING—The money came from all over China — its wealthy southern and eastern coasts as well as the arid northwest — as thousands of people scrambled to circumvent the country’s strict controls on wealth. In…
China’s debt crackdown hits cash loan firms
China has long been known as a nation of savers, but consumers are rapidly embracing debt from non-bank online platforms. And the numbers of those taking out cash loans from the lenders is growing at…
China Mobile Launches RCS Nationwide
China Mobile has announced that it is the first Chinese operator to commercially launch RCS services to subscribers across the country from 1st December with the aim of enhancing the communications capabilities of its subscribers.…
