2nd August 2016
China’s funds regulator said on Monday it has canceled the licenses of over 10,000 funds, amid a crackdown on the country’s poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. The move comes after the hedge fund industry was thrown into disarray earlier… Read More
1st August 2016
A top Chinese military officer who played a lead role in organising a massive parade to mark the 70th anniversary of the end of the World War II last year, is facing a corruption probe, the latest in a string of graft investigations launched as part of President Xi Jinping’s… Read More
28th July 2016
The Shanghai Composite Index fell 58.17 points today to its closing level of 2,992.00, for a decline of 1.91 percent. There was power behind the decline: Volume was very heavy by recent standards, at 280.16 million. Lately the Shanghai bourse has been handling volume between 150 and 175 million shares. Read More
26th July 2016
Guo's conviction is the latest in a sweeping anti-corruption campaign in China spearheaded by President Xi Jinping Read More
25th July 2016
A retired Chinese general became the highest-ranking military official to be convicted as part of President Xi Jinping’s antigraft drive when a military court sentenced him to life in prison Monday for corruption. State media said 74-year-old Guo Boxiong, who was one of the top two officials in China’s military… Read More
25th July 2016
In almost all cases, shadow lending is kept off the banks’ balance sheets. The takeover tussle embroiling top Chinese developer China Vanke has unveiled how local banks are increasingly exposed to highly volatile domestic stock markets through risky shadow lending products that mask their worsening asset quality. In their hunt… Read More
25th July 2016
A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA International shows. Chinese real estate magnate Kevin Sun — also known as… Read More
21st July 2016
The officials along with hundreds of others were indicted in the massive anti-corruption campaign initiated by President Xi Jinping since he took over power in 2014. Read More
14th July 2016
The Chinese government likely hacked computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013 and employees at the U.S. banking regulator covered up the intrusions, according to a congressional report on Wednesday. The report cited an internal FDIC investigation as identifying Beijing as the likely perpetrator of… Read More
13th July 2016
Johnson Controls Inc. will pay $14.4 million to the U.S. government after reaching a settlement in an investigation into bribes made to Chinese officials to boost one of its business units. Glendale-based Johnson Controls (NYSE: JCI) blew the whistle on itself in June 2013, opening up a Foreign… Read More