China’s Ministry of Commerce has proposed to revise rules for foreign investors making strategic investments in Chinese listed companies, and it is seeking public opinions regarding the new rules.
The China Securities Regulatory Commission released a revised delisting rules on Friday to include for the first time those companies that pose harm to public health as a new trigger that could lead to a delisting.
China will launch a pilot electric vehicle battery recycling scheme in 17 cities and regions including the Beijing-Tianjin-Hebei region, Shanxi Province and Shanghai to help clean up the country’s environment.
It has been almost five years since Chinese President Xi Jinping first unveiled the Belt and Road Initiative (BRI) in 2013. The policy is a development strategy proposed by Beijing to improve connectivity and cooperation between Eurasian countries via infrastructure build-ups.
The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved an equity investment of US$100 million in India’s National Investment and Infrastructure Fund’s (NIIF) fund-of-funds. The investment is part of the phase I for the NIIF fund-of-funds initial closing. AIIB is considering a further investment of US$100 million as part of Phase II for the final closing, which would bring the bank’s total commitment to US$200 million to the Indian fund-of-funds, it said in an announcement today. …
China’s securities regulator China Securities Regulatory Commission (CSRC) has issued trial rules for issuance and trading of Chinese Depositary Receipts (CDRs), similar to ADRs in the U.S.
Chinese ride-hailing companies are facing stricter regulations as China’s Ministry of Transport together with six other government bodies today released new rules governing the industry.
In a potentially controversial move to fight intellectual property theft from China, the Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the U.S. State Department said Tuesday, according to U.S. media.
CITIC Capital Silk Road Fund, a pan-Eurasia themed fund managed by CITIC Capital Holdings Limited, said it had recently completed its investments into Shanghai Railink International Intermodal Logistics and Atasu Group respectively.
As more Chinese companies look overseas to drive growth, a sound understanding and execution of financial compliance of local jurisdictions is crucial to the success of their outbound investments. Yet, financial compliance is one of the biggest challenges for Chinese businesses both at home and abroad, says Thun Lee, head of China at Amsterdam-based professional services firm TMF Group.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing changes to the existing regulations that would lower market entry for blockchain-related exchanges.
China will cut import tariffs for automobiles and car parts , the country’s finance ministry said today, in a major concession aimed at easing trade tensions with the United States.
The city of Tianjian, a major port city in Northeastern China, is establishing a RMB100 billion (US$15.72 billion) fund-of-funds to invest in artificial intelligence technologies, the city announced at the World Intelligence Congress on May 16th.
Chinese president Xi Jinping has called for enhanced cooperation on innovation between mainland China and Hong Kong to help make Hong Kong to become an international innovation hub.
JPMorgan Chase & Co. has announced that it will assume a majority stake of its Chinese mutual-fund management joint venture by raising its holding to 51% from 49% currently after Beijing recently relaxed its rules for foreign ownership of financial firms.
In an apparent reversal of U.S. trade policy, President Donald Trump said in a tweet Sunday that he and Chinese President Xi Jinping are in discussions to give Chinese telecom company ZTE Corp "a way to get back into business, fast."
The Shanghai No.1 Intermediate People’s Court made a public verdict on former Anbang Insurance Group boss Wu Xiaohui regarding his fundraising fraud and infringement case, sentencing Wu long-term imprisonment and confiscation of property, China’s Xinhua News Agency reported.
Hong Kong Exchanges and Clearing Limited (HKEX) has approved the biggest change to its initial public offering policy in two decades, to compete for technology and biotech firms’ listings versus the U.S. and mainland China.
The Beijing city government has issued a notice to further relax restrictions on foreign investment in six key sectors, including science and technology, Internet and information, cultural and educational, financial services, business and tourism services and health care.
The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.
China has released its first national guidelines on road tests for autonomous vehicles, a key step in a wider effort to promote development of the technology. The U.S., which is currently well ahead of China in terms of AV testing, currently depends on regulations at the state level.
An earlier version of this story first appeared on Tribune Interactive. The long-predicted China-U.S. trade war is here. The U.S. government under Donald Trump on Tuesday listed US$50 billion worth of Chinese exports that could be hit with 25% tariffs, ranging from electric cars to education material and medicine. China quickly retaliated with a list of similar duties on key U.S. imports including soybeans, planes, cars, beef and chemicals. The tariffs won’t go into effect right away. The U.S. said it …
The U.S. government under Donald Trump has published a list of about 1,300 Chinese exports that could be hit with 25% tariffs. The tariffs would apply to about US$50 billion worth of goods, ranging from electric cars to education material.
China has announced tariffs of up to 25% on 128 U.S. imports worth US$3 billion, in retaliation to U.S. duties on steel and aluminium, further escalating the ongoing Sino-U.S. trade war.
As trade tensions between China and the U.S. continue to escalate, China has unveiled a new program to bring high-tech companies back home.
Airbnb has emailed its hosts in China that the company will start sharing host information with the Chinese government to comply with local laws and regulations as soon as March 30th.
China Southern Airlines recently gave the U.S. aerospace giant Boeing Company a present in the form of an agreement to buy US$3.6 billion worth of aircraft. But on Tuesday, the airline’s Chairman Wang Changshun made a thinly veiled warning: if the U.S. engages in a trade war, the deal could be threatened.
China’s State Administration of Press, Publication, Radio, Film, and Television (SAPPRFT) has issued a notice to local regulators to crack down on inappropriate online entertainment content made by editing or combining video clips that are illegally downloaded.
Chinese netizens are indifferent to the news that China will merge its three national radio and television media outlets to create a mega broadcasting conglomerate. Majority of the young population in China now consume news and entertainment on their phones. Television programs, especially state-run TV shows, are mainly watched by older citizens.
Chinese securities regulators has imposed the nation’s largest fine to date for stock market manipulation, in the latest effort by the Beijing government to crack down irregularities in the financial markets.
China announced plans to merge the two regulators responsible for its banking and insurance sectors, creating a new body with enhanced oversight of the two sectors that have a combined US$43 trillion of financial assets.