28th August 2018
Three of the world’s largest bitcoin mining equipment makers plan to raise billions of dollars with initial public offerings in Hong Kong, even as other companies report plunging demand for the chips needed to make bitcoin and a halving in the price of the cryptocurrency. Soaring cryptocurrency prices last year… Read More
20th August 2018
Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (GOOGL.O) unit called for more transparency and oversight of the project. Chief Executive Sundar Pichai… Read More
27th July 2018
Suspects held under a controversial new detention measure introduced nation-wide by China’s anti-graft super ministry this year must be well treated, the corruption watchdog said on Thursday. China’s rubber-stamp parliament, the National People’s Congress, finalised in March the establishment of a National Supervision Commission with the power to investigate all… Read More
26th July 2018
China’s foreign exchange regulator handled a 20 percent increase in violations of forex regulations in the first half of the year compared with the same period of 2017, meting out 345 million yuan ($51 million) worth of fines across 1,354 cases, it said. The violations cited included carrying out false… Read More
20th July 2018
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday. The assessment, made in a report signed off by Britain’s GCHQ spy agency, will intensify the espionage debate around Huawei Technologies [HWT.UL], which has… Read More
10th July 2018
China’s state planner issued draft guidelines on Thursday ordering Chinese firms operating overseas to set up compliance departments to strengthen compliance management and fend off outbound investment risks. Chinese companies operating overseas should comply with other countries’ laws and regulations, and pay attention to trade controls or investigations including anti-dumping… Read More
29th June 2018
China said on Thursday it would renew efforts to crack down on property irregularities in 30 major cities this year, mobilizing powers from seven major Chinese government agencies in a concerted effort to rein in rising prices. The property market has been heating up lately, despite intensifying official curbs, prompting… Read More
27th June 2018
Chinese telecommunications equipment maker Huawei Technologies Co Ltd [HWT.UL] is the biggest corporate sponsor of overseas travel for Australian politicians, according to an analysis of travel disclosure registers by an Australian think-tank. The report comes as several politicians have called for Huawei to be banned from participating in a roll-out… Read More
18th June 2018
AP — China’s former chief insurance regulator has pleaded guilty to taking bribes over 12 years in exchange for helping people obtain loans, promotions and other favors, a state news agency reported. Xiang Junbo was the highest-ranking figure in Chinese finance to be ensnared in an anti-graft… Read More
14th June 2018
AP — Shares in ZTE Corp. fell 42 percent Tuesday in Hong Kong on their first trading day after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers. Shares resumed trading following a two-month suspension… Read More