A wave of selling in China’s bellwether technology stocks continued for a fifth day, following Beijing’s latest moves to tighten its grip on the nation’s internet giants.The Hang Seng Tech Index …
Tagged By banking
Foreign financial firms continue to benefit from China’s opening-up
Overseas financial institutions have leveraged China’s opening-up policies to play a big role in the country’s capital market, with their holdings of yuan-denominated bonds increasing by over 450 …
China issues draft rules banning unfair competition in the internet sector
Chinese regulators on Tuesday issued a lengthy set of draft regulations for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the …
Op-Ed: Afghanistan v2.0 – The new rich bank and arsenal for terror as a global strategy disaster
Strategically, the Taliban’s takeover of Afghanistan has opened a Pandora’s box of possible issues. Afghanistan is centrally situated in one of the world’s most backward, least stable, regions.
China’s anti-sanctions law raises risks for global banks and financial firms in Hong Kong
New anti-sanctions law potentially raises risks for Hong Kong’s banks, insurers and asset managers as they bet big on growth in China, experts said.
UPDATE 1-Beijing takes stake, board seat in ByteDance’s key China entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance Technology, The Information reported on Monday, citing corporate records and …
Phoenix Finance, Formerly Known as FinNexus, Announces Relaunch on Polygon and Wanchain
BEIJING, CHINA / / August 16, 2021 / Phoenix Finance, a leveraged token and derivatives platform formerly known as FinNexus, has officially announced the relaunch of its protocols on Polygon and …
China Finance Online Shares Drop 36% After Nasdaq Compliance Notice
By Chris Wack China Finance Online Co. Ltd. shares fell 36% to $5.15 after the company said it received a compliance failure notice from Nasdaq last week.
China Finance Online Announces Private Placement of Ordinary Shares and Warrants
China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese individual …
China Merchants Bank urges proper solution to defaulted China Fortune Land trust
China Merchants Bank said on Monday that it is urging the manager of a defaulted trust product providing funds for the indebted property developer China Fortune Land Development to seek a solution for …
Analysis: Valuing China assets no easy task after $1 trillion wipeout
Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the …
China central bank to auction two tranches of yuan bills in Hong Kong
BEIJING: China’s central bank said on Monday (Aug 16) it will auction two tranches of yuan-denominated bills in Hong Kong on Aug 20, as part of efforts to improve the yield curve in the city for…
China injects 600 billion yuan into financial system, keeps rate unchanged for 16th month
The People’s Bank of China (PBOC) on Monday left the interest rate on 600 billion yuan (US$92.6 billion) worth of one-year medium-term lending facility (MLF) unchanged.
