Although Hong Kong stocks took another outsize hit, downbeat world markets were more mixed on Tuesday as ebbing oil prices – weighed down by China’s woes and world recession fears – went on a wild…
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Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s…
China’s foreign exchange bureau urges stronger legislation to regulate crypto trade
China should integrate legislation on cryptocurrencies in order to better regulate crypto tradings, said Huang Hui, a deputy director of the Supervision and Inspection Department of State …
China Set to Fine Ant Group More Than $1 Billion, Reuters Says
Chinese authorities are planning to impose a fine of more than $1 billion on Jack Ma’s Ant Group Co., paving the way for the ending of a regulatory overhaul, Reuters reported, citing people familiar …
EXCLUSIVE China set to fine Ant Group over $1 bln, signalling revamp nears end-sources
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s…
Dollar steadies as China tightens COVID curbs
The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of …
Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without Funding
Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail, according to …
Crypto’s latest mystery is the ownership of major exchange Huobi
According to the people, Sun kept his name out of the deal to avoid scrutiny from China, where crypto is mostly banned. Yet Sun has repeatedly denied any involvement in Huobi Global’s sale, while a…
China Leads Global Equity IPO Volumes This Year
A sign for STAR Market, China’s new Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019.
US Trails China In The Digital Currency Race. Here’s Why
Over 100 countries are currently exploring Central Bank Digital Currencies (CBDCs), representing at least 95 per cent of the global economy. CBDCs are the digital version of an official currency. A …
Baozun Emerges From E-Commerce Shadows With Gap China Purchase
Baozun’s newly purchased Gap Greater China operation will become the cornerstone for its new brand management unit.
Hong Kong’s crypto push sets up race to bottom
Few cities in the world have expressed a desire to throw open cryptocurrency trading to retail investors since the devastating collapse of Sam Bankman-Fried’s exchange. That puts Hong Kong in a league …
Chinese exchanges say COVID testing firms to face strict IPO checks
Chinese stock exchanges said they will strictly vet listing applications from COVID-19 testing companies, in response to media reports voicing concerns over fundraising plans by beneficiaries of the …
