International express operators have grudgingly agreed to a demand by the Chinese authorities that they should only continue to deliver business documents and small parcels on the mainland under a system in which their rival China Post would also act as regulator. The operators, represented by the Conference of Asia-Pacific Express Carriers, said they continued […]
Category: Law & Regulation
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Former bank official sentenced
Zhu Xiaohua, the former head of China Everbright Group, was sentenced to 15 years in prison for corruption, Xinhua reported. Zhu's personal assets will also be seized. The sentence was awarded after he had been convicted for accepting bribes worth Yn4m between 1997 and 1999 while at the head of China Everbright. He received a […]
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China probes Yang Bin
The Chinese government has confirmed that it is investigating Yang Bin, the man chosen by the North Korean government to run its first economic zone for inward investment, Reuters reported. Yang Bin, who holds Dutch nationality, was placed under house arrest at his home in Shenyang, while the authorities investigated his orchid-exporting firm Euro- Asia […]
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A question of trust
Although China has no Enron, WTO membership means that listed companies must be run with greater transparency. Parent company ties and independent directors and are among the most pressing issues.
The United Nations has put the East Turkestan Islamic Movement on its list of terrorist groups, Agence France-Presse reported. China said that the group, based in Xinjiang autonomous region, had killed 166 people and had links to the al-Qaeda organisation. The listing had the support of the US as well as China. US deputy secretary […]