Chinese technology stocks listed in the US are set for their worst month since the global financial crisis after investors dumped shares following a regulatory crackdown by Beijing, reported the Financial Times. The Nasdaq Golden Dragon China index, which tracks Chinese tech stocks listed in New York, has fallen 22% in July, putting it […]
Category: Law & Regulation
The Shanghai office of China’s top banking regulator slapped RMB 9.1 million ($1.4 million) of fines on banks for property loan violations as China continues to clean up irregularities in the real estate market, reported Caixin. Branches of the four biggest state-owned banks—Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and […]
China’s securities regulator has sought to ease concerns among international investors and banks after tough new restrictions on private education companies sent shockwaves through markets, reported the Financial Times. Regulators in Beijing held a call with executives from global investors, Wall Street banks and Chinese financial groups on Wednesday night, according to three FT sources. […]
China’s state media are on a mission to talk up the battered stock market and reassure rattled investors after a rout on Monday that erased more than $570 billion from Chinese stocks listed at home and abroad, reported the South China Morning Post. The panic sell-off provides an opportunity to “buy on dips” – meaning to invest in stocks […]
China’s Ministry of Commerce published a negative list Monday for the cross-border services trade in the island province of Hainan that promises to put foreign firms and individuals on equal footing with domestic peers, provided their businesses don’t violate 70 restrictions in 11 industries, reported Caixin. The negative list for the Hainan Free Trade Port includes industries such as […]