China’s securities regulator has drafted new rules enabling foreign investors to trade mainland stocks via local brokers and take part in Chinese employers’ stock incentive plans, Caixin reports, in a further bid to increase accessibility to the country’s wobbling domestic stock market. The new rules “will further enrich the sources of investment, expand channels for […]
Category: Brief
China’s main state planning body made assurances on Wednesday that controlling nationwide debt levels will remain a priority, Reuters reports, despite the government rolling out a number of policies to help boost its slowing economy. The National Development and Reform Commission (NDRC) made the comments the day following weaker-than-expected spending data for July, where key […]
Tencent reported disappointing quarterly earnings on Wednesday, the same week that regulators dealt a blow to its ailing video game business by taking its latest blockbuster release off the shelves. The tech giant’s net income in the second quarter fell by 2% year-on-year, according to the Wall Street Journal, marking the first y/y decline since […]
China has lodged a complaint at the World Trade Organization over the US’s move to impose tariffs on imported solar energy products and support American renewable energy firms, arguing that the policy harms China’s rights and undermines the WTO, Reuters reports. China’s commerce ministry has also released a statement accusing the US of distorting the global market […]
Silicon Valley start-up incubator Y Combinator, which played a central role in the development of success stories Dropbox and Airbnb, has hired former Baidu and Microsoft executive Lu Qi to help break into China’s dynamic tech industry, the Financial Times reports. Lu, former COO of search company Baidu, will run Y Combinator’s China unit as […]