China’s New Oriental dismissed 60,000 employees and saw operating income plunge by 80% after Beijing enforced new sweeping rules on the country’s private education industry that barred for-profit …
Tagged By blockchain
China’s tech regulatory cycle could hit a trough in August or September, says UBS
Jerry Liu of the financial services firm says there’s “good news” for investors as the current cycle of the country’s crackdown on the technology sector is likely to ease in 2022.
Tech-focussed STAR market lifts China shares; Hong Kong gains
China shares rose on Monday, led by Shanghai’s tech focussed STAR Market amid reform expectations, while Hong Kong shares gained on sustained rebound in technology shares.
Vietnamese agricultural exports to China halts, congestion at Chinese ports
Due to COVID-19 concerns, several Vietnamese exporters have been urged by their Chinese partners to not dispatch goods by sea until a fresh decision is made. This has led to congestion at the Chinese …
China’s war against its corporate powerhouses
The Chinese government has unleashed havoc against some of the country’s largest corporations. It may backfire.
An Empowered Blockchain Financial Network under the BRI
It is common for people to think of cryptocurrencies such as Bitcoin or Ethereum when it comes to talk about Blockchain technology.
Why regulators worry about crypto firm WazirX’s China link
The Nischal Shetty and Samir Mhatre founded crypto exchange WazirX is owned by Binance, a company of Chinese origin.
The Commodities Feed: China omicron concerns
Covid developments in China are not helping sentiment. Tianjin has begun city-wide testing after two local Omicron cases were detected. While we see other countries adapting to live with Covid, China …
Nanfang Media report: China’s Deqing mandarin first exported to Vietnam under RCEP
More than 2,500 kilos of fresh Deqing Gonggan, a popular type of mandarin in China, were exported to Vietnam for the first time on January 3rd, two days after the Regional Comprehensive Economic …
THE CRYPTO SELL OFF AND WHAT’S BEHIND IT
The crypto market has fallen like a rock off a tall building in these early days of 2022. It was hit with a one/two punch that might have sent some other asset class to the…
UBS’ Wang on China’s 2022 Economic Outlook
Wang Tao, Head of Asia Economics and Chief China Economist at UBS, discusses her outlook for China’s economy in 2022. She speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia”, …
China Venture Funding Hits Record $131 Billion Despite Crackdown
When China’s government launched a sweeping crackdown on the technology industry over the summer, panicky venture capital investors stopped writing checks and startup valuations began to plummet. It …
China probes head of top life insurer in anti-graft campaign
China’s top anti-graft watchdog placed the chairman of China Life Insurance, one of the country’s largest insurers, under investigation, the most senior finance industry executive caught up in an anti …
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