Floods in Henan caused huge damage, showing China is not immune from such problems, and the Center is rushing to put together a bailout fund to stop the incredibly negative financial market impact of SOEs being unable to meet their payments on international loans. Of which there have been several recently. The US accused China […]
Category: Law & Regulation
Shares in China Evergrande jumped from four-year lows after the highly indebted property group announced it had resolved a legal dispute with a Chinese bank, reported the Financial Times. The developer, led by billionaire Hui Ka Yan, is being closely tracked by regulators, investors and rating agencies, which are concerned about the potential for contagion […]
Global investment banks are racing to redirect Chinese groups’ initial public offerings towards Hong Kong after new cyber security rules instituted by Beijing halted lucrative tech listings previously heading for New York, reported the Financial Times. About 20 Chinese companies had publicly disclosed plans to raise $1.4 billion from share sales in New York this […]
China will allow tax deductions for expenses on children under three as part of a major relaxation in child-bearing policy to stem a dramatic decline in births in the world’s most populous country, an official document showed on Tuesday, reported Reuters. Beijing announced on May 31 that it would permit married couples to have up […]
Beijing’s cyber watchdog has fined and warned several of China’s biggest technology groups including Alibaba and Tencent over explicit material and exploitation of children on their platforms, reported the Financial Times. The Cyberspace Administration of China said in a statement it was responding to the proliferation of obscene images and videos including “child-related” sexual content. […]