Veteran of the current Chinese administration and key economic adviser to President Xi Jinping, Liu He, will visit the United States on February 27th to deescalate trade tensions between the two countries, according to Caixin Global. Liu is expected to revive agreements made during President Trump’s visit to China last November regarding such issues as […]
Category: Brief
Xinhua reported on Sunday evening that China’s state banking regulator has introduced legislation to cut red tape for foreign banks in a bid to further investment into the country’s financial sector. The new policies, effective since February 13th, appear to be confirmations of measures drafted in December by the China Banking Regulatory Commission (CBRC). The […]
The U.S. Department of the Treasury has included nine Chinese firms in its most recent round of sanctions imposed on North Korea, reports Caixin Global, which have been linked to the regime’s nuclear missile programs. Amongst the nine Chinese firms are Shandong-based Weihair World-Shipping Freight Agency Co., and Shanghai’s Dongfeng Shipping Co. The sanctions will […]
Yesterday afternoon the Chinese government seized control of debt-ridden Chinese insurance giant Anbang in a show of force that took many analysts off-guard. The company’s founder, Wu Xiaohui, is also being prosecuted for financial crimes, according to a statement released on Anbang’s company website. Anbang, whose total assets comprise RMB 2 trillion ($315 billion), has […]
Chinese tech giant Tencent Holdings has been named China’s top innovative in a list of the world’s 50 most innovative businesses produced by Fast Company, Caixin Global reports. The Shenzhen-based company ranked fourth overall on the list, winning praise for its focus on content and for turning social media app WeChat into a leading entertainment platform. The […]