The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC …
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US House Panel Warns Morgan Stanley Over China Firm’s Forced Labor IPO
Select Committee on China Chairman John Moolenaar is probing Morgan Stanley’s role in the IPO for Zijin Gold, a subsidiary of a firm on the US forced labor list, citing a history of human rights…
US lawmaker presses Morgan Stanley over IPO ties to Chinese firm listed under Uyghur Forced Labor Act
Chairman John Moolenaar (R-MI) of the Select Committee on China addressed a letter to Morgan Stanley CEO Ted Pick, seeking additional information regarding the company’s involvement in underwriting …
China cracks down on exports of ‘zero mileage’ new cars exported as used
China’s Commerce Ministry has announced stricter controls on exports of new vehicles being exported as if they are used …
Experts: Starbucks, Burger King Stake Sales Driven by Localization and Competition, Not China Exit
The plans of global chains such as Starbucks and Burger King to sell majority stakes of their China business reflect deeper localization efforts and increasingly fierce market competition — not a …
Applied Materials’ shares drop as stringent US export curbs weigh on China business
Applied Materials shares slid 5% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs.
Amazon, Microsoft back effort to restrict Nvidia’s exports to China, WSJ reports
Amazon is joining Microsoft in backing legislation to further curb chipmaker Nvidia’s ability to export chips to China, the Wall Street Journal reported on Thursday, citing people familiar with the …
Morgan Stanley faces US scrutiny over Zijin Gold’s Hong Kong IPO
Zijin Gold’s parent was added to a US government list of firms whose imports are banned over alleged human rights abuses involving Uygurs.
China committee outlines roadmap to rare earths independence for America
The committee proposes federal financing, tax credits, permitting reform, and price floors to combat China’s market manipulation and industry dominance.
Amazon and Microsoft Back Effort That Would Restrict Nvidia’s Exports to China
Legislation in Washington would give tech leaders preferential access to chips at their data centers around the world.
Chinese Aluminum Smelter Seeks to Raise Up to $708M in Hong Kong IPO
The company, based in China’s Inner Mongolia, on Friday said it seeks to raise up to 5.50 billion Hong Kong dollars, equivalent to US$707.7 million, via an initial public offering.
China’s Chuangxin Industries aims to raise up to $708 million in Hong Kong IPO
(Reuters) -Chuangxin Industries Holdings plans to raise up to HK$5.5 billion ($708 million) through an initial public offering in Hong Kong, a filing showed on Friday, as it joins a growing wave of …
Morgan Stanley Questioned by US House Panel Over Zijin Gold IPO in Hong Kong
NEW YORK (Reuters) -Morgan Stanley’s underwriting of Zijin Gold International’s Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and reputational harm, a U.S. House of …
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