Saudi Arabia is getting ready to list 5 percent of its crown jewel—state oil firm Aramco—in what could be the biggest IPO ever. The Saudis claim that the whole company is worth US$2 trillion, while…
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China hits booming cryptocurrency market with coin fundraising ban
China on Monday banned and deemed illegal the practice of raising … “The initial coin offering is a new business model leveraging blockchain technology and it will remain,” he said. “This is not the end…
Here’s why China’s crypto crackdown is ‘bigger than most people think’
Adam Efrima, the operations director of trading platform eToro in China, described the ruling as a “huge deal,” saying: “It’s bigger than most people think it is.” Efrima, who first alerted Business Insider to the…
VW recalls 1.8 million cars in China
These are external links and will open in a new window More than 1.8 million Volkswagen cars are being recalled in China because of a faulty fuel pump. China’s consumer watchdog said the recall affected…
China bans initial coin offerings calling them ‘illegal fundraising’
Issuing ICOs – a relatively new phenomenon – has become popular in China, with close to $395m (£305m … with ICOs don’t necessarily offer investors a stake or equity in their business in exchange for…
China has tools to pressure Kim but worries of consequences
BEIJING — China has the economic tools to pressure North Korea but fears pushing Kim Jong Un’s government so hard it collapses. Though China has long been the North’s main trading partner and diplomatic protector,…
China says Trump’s trade threat over N. Korea ‘unacceptable’
BEIJING — China says President Donald Trump’s threat to cut off trade with countries that deal with North Korea is unacceptable and unfair. Trump said on Twitter on Sunday the United States is considering halting…
China just banned initial coin offerings, calling them illegal fundraising
BEIJING (Reuters) – China’s central bank on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency ……
China-Arab expo contributes to increased collaboration, trade ties: Jordanian official
… The upcoming third China-Arab States Expo to be held in China represents “a huge opportunity” for Jordan and China to build new business partnerships and explore investment possibilities, a senior official of the Jordanian…
Hyundai Motor replaces China chief after supply disruption, diplomatic tensions
SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) said on Monday it had replaced the head of its China operations – an appointment that comes on the heels of a supply disruption and as it…
China’s online education market to grow 20pc annually, bolstered by new tech
China’s online education industry has grown rapidly in the past few years, but analysts believe more business opportunities will surface as technology advances and capital pours in. China could become one of the world’s most…
BRICS meeting to take on protectionism, China says
But those remarks are cold comfort to some critics of China, foreign business groups and governments alike, who say China has done little to remove its own discriminatory policies and market barriers that favour Chinese…
China pledges small increase in funding for BRICS
XIAMEN, China (Reuters) – China will give 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and another $4 million for projects at the BRICS countries’ New Development Bank, Chinese President…
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