China has become one of the few bright spots for luxury goods sellers in recent weeks as it slowly emerges from its Covid-19 lockdown, even as the world’s top merchants continue to suffer from continued closures in their other major markets, reported Caixin. As the first place to experience Covid-19, China’s luxury goods market suffered […]
Category: Brief
The United States said on Monday it will impose new restrictions on exports to China to keep semiconductor production equipment and other technology away from Beijing’s military, reported Reuters. The new rules will require licenses for US companies to sell certain items to companies in China that support the military, even if the products are […]
China’s Nasdaq-style ChiNext board is officially launching a widely expected trial of a registration-based initial public offering (IPO) system and allowing money-losing startups to list on the board, reported Caixin. The China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange issued supporting rules Monday related to ChiNext’s move to a registration-based IPO mechanism and […]
One of China’s most powerful regulators has opened an investigation into Luckin Coffee, the Starbucks rival that is now at the centre of an accounting scandal, reported the Financial Times. The decision by the State Administration for Market Regulation underlines the concern in Beijing over the damage the scandal could do to Chinese companies seeking […]
Industrial & Commercial Bank of China, the nation’s largest lender, suspended sales of more products that allowed retail investors to speculate on swings in commodities after many were burnt by the unprecedented crash in crude oil, reported Bloomberg. The lender will temporarily halt opening of new positions in products linked to crude oil, natural gas, […]