Tag: China Business & Economy

China’s Offshore Listing Rules Seen Easing Market Uncertainty

HONG KONG—China’s plan to tighten scrutiny over mainland companies’ overseas share sales is likely to ease the regulatory uncertainty that roiled financial markets this year and stalled offshore listings, bankers and analysts said. But the securities regulator’s new filing-based system, designed to rein in once freewheeling Chinese listings in the U.S. market and elsewhere, leaves…


SoftBank Faces Investment Difficulty in China as US Bans Chinese Military Firms

News Analysis Japanese investment giant SoftBank has been bracing for successive financial losses in China, not only because of China’s tighter regulations, but also because its investment business in China’s artificial intelligence technology sector has fallen into the realm of the latest U.S. ban on the Chinese military. U.S. Treasury Department announced on Dec. 10…


‘Wall Street Chinese Prodigy’ Investigated Under China’s Private Equity Fund Regulations

A Chinese Wall Street banker and venture capital tycoon was taken away by Beijing public security forces for alleged misappropriation of funds. Caixin, a Chinese financial media, reported the arrest of Wang Chaoyong, 56, through multiple sources on Dec. 16. The same day ChinaEquity Group also announced that it has neither been able to contact  Wang,…


Intel Apologizes After China Backlash Over Xinjiang Stance

Intel stoked nationalist fervor in China by asking suppliers not to source products or labor from the northwestern region of Xinjiang, where more than 1 million Uyghurs are held in detention camps. The U.S. chipmaker posted an apology on its official WeChat and Weibo accounts on Dec. 23 for the “trouble” it caused to Chinese…


Chinese Regime Turns Its Back on Former Star After Singer’s Public Divorce

The Chinese regime has criticized an American-Taiwanese pop singer days after his divorce and said that it won’t allow him to return to any mainland Chinese stage in the future. On Dec. 19, the Central Commission for Discipline Inspection (CCDI) posted on its website that it will, “Strictly prevent unethical celebrities from going back to stage and…


China Admits Its Over-Reliance on Semiconductor Imports Could Prove ‘Fatal’

News Analysis A Chinese state-run media disclosed that China’s continued reliance on chip imports could be “fatal” to its automotive industry and national economy. On Nov. 23, the state-run Xinhua News Agency reported that China’s domestically produced automotive chips are primarily used in less complex vehicle components such as body electronics, while it relies heavily…


China’s Economy to Grow at the Second-Slowest Pace in 3 Decades: World Bank Forecast

China’s economy has “cooled rapidly” and will slump further over the next year, according to World Bank forecasts. The World Bank on Dec. 22 said it expects China’s inflation-adjusted GDP to grow at 8 percent, lowering from a projection of 8.5 percent in June. It further cut the country’s growth forecast for next year to…


US Expresses ‘Ironclad Solidarity’ With Lithuania Facing Chinese Economic Coercion

Washington stressed “ironclad U.S. solidarity” with Lithuania to push back against Beijing’s backlash—diplomatically and economically—amid a souring bilateral relation. The Baltic nation’s regional and economic stability is facing challenges from the Chinese regime for allowing self-ruled Taiwan, which Beijing claims as its runaway province, to open a de facto embassy in its capital Vilnius. The…


Top Authorities Dismissed in Guangzhou Amid Evergrande Debt Crisis

News Analysis Recently, the Chinese Communist Party (CCP) announced that the two highest-ranking authorities of Guangzhou were removed from their positions for “the massive removal of Banyan trees in the city,” as reported by local media. However, analysts have suggested that the two officials’ connection with the distressed real estate developer Evergrande may be the…


China’s Consumer and Producer Price Index at Record Pace

As the end of the year approaches, people across China see higher prices at grocery stores, gas pumps, and even at home as Beijing tries to tame inflation. According to a December report by China’s Bureau of National Statistics, the country’s producer price indexes (PPI) in October and November were up by 13.5 percent and…