News Analysis The Swiss Federal Tax Administration (FTA) has almost completed its transfer of offshore customer information to hundreds of countries and territories, signifying that Switzerland—the world’s largest offshore financial center—has abandoned its three-centuries-old system of keeping bank customer’s information secret, and ending its use as a safe haven for the illegal funds of terrorists…
Corrupt CCP Officials Lose ‘Money Hideaway’ as Swiss Banking Secrecy Ends
January 6, 2022
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Asia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeSwiss bankWorld
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Corrupt CCP Officials Lose Avenue to Stash Ill-Gotten Gains After Swiss Banking Secrecy Ends
January 6, 2022
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AnalysisAsia & PacificBank of Chinabanking secrecyCCP's hidden moneyChinaChina Business & EconomyEuropeOpinionSwiss bankWorld
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News Analysis The Swiss Federal Tax Administration (FTA) has almost completed its transfer of offshore customer information to hundreds of countries and territories, signifying that Switzerland—the world’s largest offshore financial center—has abandoned its three-centuries-old system of keeping bank customer’s information secret, and ending its use as a safe haven for the illegal funds of terrorists…
SenseTime Offers Blueprint for Banished Chinese Stocks
January 6, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyChinese stocksIPOOpinionThinking About China
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Commentary Controversial Chinese artificial intelligence company SenseTime Group enjoyed a rare successful IPO on the Hong Kong Stock Exchange in early January. Shares were up as much as 148 percent as of Jan. 4 from its Dec. 30 IPO priced at HK$3.85, minting SenseTime as one of the most successful Hong Kong IPOs in 2021….
China Specifies Insurance Terms for New Energy Vehicles, Tesla Premiums Surge
Tesla owners saw insurance premiums soar in China after the authorities implemented commercial insurance rules for new energy vehicles at the end of last year. The exclusive insurance terms took effect on Dec. 27, 2021. Tesla told Jwview, a state-run financial media on Dec. 30, 2021, that Tesla vehicle’s insurance premiums increased by about 10…
To Maintain its Ruling, China’s Xi’an Bans Negative News
The Chinese regime banned Xi’an residents from sharing negative information about the extreme COVID-19 rules or the subsequent humanitarian disasters on social media platforms on Jan. 5. Violators will lose their accounts. At the same time, “positive” videos and texts are spreading on Chinese social media platforms, which promote the COVID-19 rules and praise the…
China Censors Negative Stories About Harsh Xi’an Lockdown Amid Rising Public Anger
The Chinese regime banned Xi’an residents from sharing negative information about the harsh COVID-19 rules or the human toll of the lockdown on social media platforms on Jan. 5. Violators will lose their accounts. At the same time, “positive” videos and texts are spreading on Chinese social media platforms, which promote the COVID-19 rules and…
China Censors Negative Stories About Harsh Xi’an Lockdown
The Chinese regime banned Xi’an residents from sharing negative information about the harsh COVID-19 rules or the human toll of the lockdown on social media platforms on Jan. 5. Violators will lose their accounts. At the same time, “positive” videos and texts are spreading on Chinese social media platforms, which promote the COVID-19 rules and…
US Vows Steadfast Trade Support to Lithuania Amid Spat With China
January 6, 2022
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ChinaChina Business & EconomyChinese RegimecoercionEurope-China RelationsFinance & Business TiesInternational RelationsLithuaniaPolicies & ImpactsSpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relations
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Washington pledged to steadfastly backup Vilnius as it withstands Beijing’s intimidation as part of its punitive campaign towards Lithuania. U.S. Trade Representative Katherine Tai promised on Jan. 5 “continuing strong support” to Lithuania in a telephone call with its Foreign Minister Gabrielius Landsbergis. The ambassador said the government would work with the European Union (EU) and its…
US Vows Steadfast Trade Support for Lithuania Amid Spat With China
January 6, 2022
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ChinaChina Business & EconomyChinese RegimecoercionEurope-China RelationsFinance & Business TiesInternational RelationsLithuaniaPolicies & ImpactsSpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relations
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The Biden administration is pledging its support to Lithuania as the small Baltic nation stands up to pressure on several fronts by the Chinese regime. U.S. Trade Representative Katherine Tai promised “continuing strong support” to Lithuania during a Jan. 5 telephone call with its foreign minister, Gabrielius Landsbergis. She said in a statement that the U.S. government would…
COVID-19 Spreading in East China, Tens of Thousands in Quarantine
January 6, 2022
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BeilunCCP VirusChinaChina Business & EconomyChinese RegimeINSIDE CHINANingboquarantineShenzhouSpecial TopicsZhejiang
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Since the lockdown of Xi’an, the northwest city of 13 million people, COVID-19 outbreak has quickly spread to East China, putting tens of thousands in quarantine, and affecting a major production base for Adidas, Nike, and Uniqlo. At a Jan. 3 press conference, Ningbo City of Zhejiang Province reported that since Jan. 1, a total of 23…
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