Beijing scrambled to calm investors after a crackdown on some of China’s biggest firms rattled markets with regulators calling bankers in for a last-minute call Wednesday night, Bloomberg reported.
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Xi’s four pillars of regulation will reshape China’s Big Tech
China’s political leadership perceives the same set of problems as well. But China is willing to go a lot further to rein in the clout of its tech giants. What has just happened to after-school…
China’s crackdown on its biggest companies
China banned crypto trading in 2019 and multiple provinces have ordered energy-intensive crypto-mining outfits to shut down in recent months, citing concerns about spiking power consumption. Analysts …
UAE to Burn Mountains of Trash as China Stops Importing Waste
The United Arab Emirates is building one of the world’s largest waste-to-energy plants to deal with its growing trash load.
China’s laws on military personnel, facilities to take effect on Aug. 1
China’s brand new law on the protection of the status, rights and interests of military personnel and the revised Law on Military Facilities Protection will take effect on Aug. 1, according to a press …
For American investors, US and China regulations are a primary risk for Chinese shares
China’s financial watchdog has ramped up scrutiny of the country’s biggest tech firms even as US has sought to de-list Chinese companies from US capital markets.
Biden nominates Huawei prosecutor for key China export post
U.S. prosecutor Thea Kendler, an attorney on the criminal case against China’s Huawei and its Chief Financial Officer Meng Wanzhou, will be nominated for a Commerce Department post vital to …
Crypto exchange Huobi’s China-based entity set for dissolution
The company creditors have since been requested to forward their claims to the liquidation team as the exchange prepares to deregister …
Li-Ning Wants to Be China’s Biggest Skate Brand. Industry Legend Erik Ellington is Here to Help
Li-Ning, the Chinese athletic brand known for its basketball shoes, is crossing over to skateboarding with the help of skate legend & designer Erik Ellington.
Wall Street’s IPO fee machine under threat after regulatory scrutiny
China’s regulatory crackdown threatens to reverse a surge in underwriting fees for US investment banks like Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley. Companies based in China …
China’s regulatory crackdown a drag on Hong Kong’s IPO pipeline: Bankers
Hong Kong’s buzzing initial public offering pipeline is likely to taper off in the second half of 2021, as Chinese firms temper their …
Exclusive-Biden to tap Huawei prosecutor for key China export post -source
U.S. prosecutor Thea Kendler, an attorney on the criminal case against China’s Huawei and its Chief Financial Officer Meng Wanzhou, will be nominated for a Commerce Department post vital to …
China’s the Biggest Loser in Steven Madden’s Sourcing Switch
The footwear giant moved about half of its women’s production away from China to two Latin American sourcing destinations.
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