Sudden closure after 25 years in the community reflects Shenzhen’s transition from manufacturing base to tech hub, but other factories are quick to swoop in and recruit those who have lost jobs. ( read original…
Tagged By beijing
China’s Risky Bet on a Lonely Return to Greatness
China is facing growing hostility abroad. To offset that, the country will need the kind of tough reforms the West and its allies have long asked for—or make a major political course correction to ……
China tightens restrictions on Australian exports
China has stepped up trade restrictions against Australia, suspending imports of some timber and barley, the agriculture minister said Tuesday, amid tension over … ( read original story …)
Coronavirus live news: record new cases and deaths in Hungary; China reports 49 new cases
Hungary says 3,989 people have tested positive in 24 hours; China’s new cases are twice as many as day before … ( read original story …)
China tells Ant to expect scrutiny of credit business ahead of record listing: sources
China’s top financial regulators told Ant Group Co Ltd’s founder Jack Ma and two top executives that the company’s lucrative online lending business faces tighter government scrutiny, sources told … ( read original story …)
China’s Ant Expected to Double on Debut Amid Pent-Up Retail Demand: Fund Managers
China’s Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter … ( read original…
Jack Ma summons reminds investors that Beijing is still boss
When Jack Ma last week chose to speak truth to power about the failings of China’s financial system, he was aiming very high — perhaps too high. The founder of ecommerce business Alibaba, already ……
Hong Kong leader heads to Beijing to seek economic aid
Hong Kong leader Carrie Lam was traveling to Beijing on Tuesday to meet with Chinese officials to seek help in reviving Hong Kong’s economy and discuss reopening the borders with mainland China as … (…
Beijing plans ambitious sci-fi-based sci-tech park in former industrial complex
BEIJING, Nov 3 (Xinhua): China will build a sci-fi-based science and technology industrial park in a reclaimed steel plant in western Beijing in an effort to boost the development of the country’s sci … (…
Binance in trouble, blockchain security standard: Blockheads
A Forbes report accused Binance of attempting to deceive US regulators, and China got its first blockchain security standard. ( read original story …)
Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering
Retail investors will no longer be allowed to trade on virtual-asset exchange platforms under proposed new rules which will also require all operators to be licensed by the watchdog, government … ( read original story…
Bitcoin slides 3% as Hong Kong seeks to end ‘honeymoon’ with crypto exchanges
The price of Bitcoin fell by 3% so far this week amid growing regulatory pressure on cryptocurrency exchanges in China and Hong Kong. The price of Bitcoin ( BTC) has declined by more than 3%…
Beijing sends warning to Ant ahead of its monster IPO
Chinese regulators summoned Jack Ma and Ant’s top executives on the eve of the fintech giant’s listing, suggesting added regulatory scrutiny ahead. ( read original story …)
