Financial regulators in China’s Henan province said on Friday they would launch another round of repayments from August 22 to clients of four rural banks whose deposits have been frozen in what …
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Disappeared Chinese-Canadian tycoon Xiao Jianhua jailed 13 years for financial crimes
SHANGHAI: A Chinese-Canadian tycoon who disappeared from a Hong Kong hotel five years ago has been sentenced to 13 years in prison and his company fined US$8 billion for embezzlement and bribery, a …
Disappeared Chinese-Canadian tycoon Xiao Jianhua jailed 13 years for financial crimes
SHANGHAI: A Chinese-Canadian tycoon who disappeared from a Hong Kong hotel five years ago has been sentenced to 13 years in prison and his company fined US$8 billion for embezzlement and bribery, a …
China moves to further bolster economy, help those in need
The meeting also decided to increase assistance for those in difficulty, help elderly care and childcare industries navigate hardships, and continue the vehicle purchase tax exemption for new energy …
China ETFs Stumble as Economic Growth Slows
This article was originally published on ETFTrends.com. Despite a China country-specific exchange traded funds slipped Monday after new data showed the Chinese economy was suffering under Beijing …
China ETFs Stumble as Economic Growth Slows
This article was originally published on ETFTrends.com. Despite a China country-specific exchange traded funds slipped Monday after new data showed the Chinese economy was suffering under Beijing …
China banks to repay more customers after protests
Chinese regulators on Friday offered repayments to more customers of rural banks whose withdrawals were frozen, in the ongoing saga of one of the country’s biggest-ever banking scandals that triggered …
The Countries Most In Debt To China [Infographic]
Chinese loans to developing nations—affecting many in Africa, Asia and the Pacific—have high interest rates and short repayment windows. These “commercial-style” loans are harder to repay and less …
China Sentences Tycoon Xiao Jianhua to 13 Years, Fines His Company $8.1 Billion
A Shanghai court on Friday sentenced Chinese- Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record …
China looking at banks’ real estate loan portfolios as crisis deepens
The property loan portfolios of some local and foreign banks in China are under the regulator’s lens, Reuters reported citing sources.
China jails Canadian tycoon for 13 years for finance crimes
Xiao Jianhua was convicted of misusing billions of dollars of deposits from banks and insurers controlled by his Tomorrow Group and offering bribes to officials, the Shanghai No. 1 Intermediate People …
China sentences billionaire Xiao Jianhua to 13 years in prison, fines group $11.2 billion
BEIJING – A Shanghai court said on Friday (Aug 13) that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holdings Co conglomerate a record 55.03 …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).