On Thursday the US Federal Communications Commission voted to push the proposal to ban approvals for US telecommunications equipment from Chinese companies that are considered threats to national security such as Huawei, reported Reuters. Under an initially approved proposal, the FCC would be able to revoke previous equipment authorizations given to companies in China. Brendan […]
Category: Law & Regulation
Chinese market regulators have launched an antitrust probe into ride-hailing giant Didi Chuxing, days after the company started the procedures for what could be the biggest initial public offering (IPO) in the US this year, reported Reuters. The probe is the most recent in a wave of clampdowns on China’s so-called “platform” companies, including Alibaba […]
China is continuing its clampdown on over $1 trillion in opaque investments that are being funneled through riskier borrowers, such as developers, despite being advertised by banks as low risk and high yield, reported Bloomberg. According to highly-anticipated rules published on Friday, banks and wealth managers are no longer able to use money invested in […]
Yunnan, the fourth biggest bitcoin producing province, joined China’s bitcoin crackdown, pledging to shut down companies that violate the new regulations by the end of the month, reported the South China Morning Post. According to a report by China Securities Journal on Saturday, provincial officials ordered an investigation into the illegal use of electric power […]
Chess and Go are both games of strategy and risk and sometimes the play develops slowly and sometimes there are sudden developments which redefine the whole board. This week includes three plays which are pretty much in the redefinition category. First, the US Senate passed a bill providing more than $250 billion to ensure the […]