US To Shorten Length Of Visas For Chinese Tech Students

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.

UBS Banned From Hong Kong IPO Market For 18 Months

The Hong Kong Securities and Futures Commission (SFC) has banned Zurich-based UBS Group AG from  sponsoring initial public offerings (IPOs) on the Hong Kong Stock Exchange for 18 months. The ban comes just as the Hong Kong exchange is preparing for a surge of IPOs, especially by tech companies. 

US Securities Regulator Blocks Chinese Takeover Of Chicago Stock Exchange

The U.S. Securities and Exchange Commission ("SEC") decision to block a Chinese-led investor group from buying the Chicago Stock Exchange ends a two-year campaign to turn the small , 136-year old exchange into a venue for international IPOs. It also marks the latest in a string of blocked deals involving Chinese companies trying to buy major U.S. assets.

China’s Baidu Rumored To Raise $2B Round For Financial Unit

China’s tech giant Baidu Inc. is seeking a new funding round of up to US$2 billion for its wholly-owned finance unit to push into the financial services sector and compete with Alibaba Group Holding Ltd and Tencent Holdings Ltd, according to media reports citing insiders.