China Financial Crackdown
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Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
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China Demands Tencent Submit New Apps, Updates to Inspection Before Being Uploaded: Report
China has required Tencent to submit any new apps or updates for inspections before they can be uploaded after a number of its apps were found to have committed violations, Chinese financial media outlet Yicai reported.
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Alibaba Founder Jack Ma Said to Be Spotted in Hong Kong in Rare Appearance
Jack Ma is said to currently be in Hong Kong where he has met business associates in recent days. The billionaire founder of Alibaba has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
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Cryptocurrency Transactions Deemed Illegal by China's Central Bank, Bitcoin Down 6 Percent
Cryptocurrency transactions are now illegal, China's central bank said, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.
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Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
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Sensex Sheds Over 400 Points; Financial Shares Weak
Asian shares were at seven-month lows as regulatory crackdowns in China roiled stocks in the technology, property and education sectors
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Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
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Donald Trump Sounds Warning Over Hong Kong's Future
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial center if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days.
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China Targets Cryptocurrencies In Online Pyramid Scheme Crackdown
Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes
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Protesters to Lift Hong Kong Government Blockade, Vow to Stay in Central
Fearing a police crackdown, Hong Kong pro-democracy protesters bowed to government pressure and said they would lift a blockade of key government buildings, but student leaders braced for a showdown in the heart of the Asian financial centre.
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Goggles at The Ready as Hong Kong Activists Brace for Crackdown
Thousands of pro-democracy demonstrators surrounding Hong Kong government headquarters braced for a showdown with police on Sunday after accelerating a plan to shut down the heart of the global financial hub.
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Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
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China Demands Tencent Submit New Apps, Updates to Inspection Before Being Uploaded: Report
China has required Tencent to submit any new apps or updates for inspections before they can be uploaded after a number of its apps were found to have committed violations, Chinese financial media outlet Yicai reported.
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Alibaba Founder Jack Ma Said to Be Spotted in Hong Kong in Rare Appearance
Jack Ma is said to currently be in Hong Kong where he has met business associates in recent days. The billionaire founder of Alibaba has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
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Cryptocurrency Transactions Deemed Illegal by China's Central Bank, Bitcoin Down 6 Percent
Cryptocurrency transactions are now illegal, China's central bank said, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.
-
Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
-
Sensex Sheds Over 400 Points; Financial Shares Weak
Asian shares were at seven-month lows as regulatory crackdowns in China roiled stocks in the technology, property and education sectors
-
Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
-
Donald Trump Sounds Warning Over Hong Kong's Future
US President Donald Trump on Tuesday warned that Hong Kong could lose its status as a global financial center if a proposed Chinese crackdown goes ahead, and promised a "very interesting" US response within days.
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China Targets Cryptocurrencies In Online Pyramid Scheme Crackdown
Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes
-
Protesters to Lift Hong Kong Government Blockade, Vow to Stay in Central
Fearing a police crackdown, Hong Kong pro-democracy protesters bowed to government pressure and said they would lift a blockade of key government buildings, but student leaders braced for a showdown in the heart of the Asian financial centre.
-
Goggles at The Ready as Hong Kong Activists Brace for Crackdown
Thousands of pro-democracy demonstrators surrounding Hong Kong government headquarters braced for a showdown with police on Sunday after accelerating a plan to shut down the heart of the global financial hub.
