5 d. ago Chinese central bank doubles down on crypto crackdown as speculation resurfaces

Chinese central bank doubles down on crypto crackdown as speculation resurfaces  dlnews.com

Politics

7 d. ago China’s proposed new regulations on power banks worry producers and consumers.

Chinese regulations that propose tighter technical specs for portable power banks are stirring unease among producers and consumers, as they could mean passengers are no longer allowed to bring such products on board flights. According to a draft document from the Ministry of Industry and Information Technology (MIIT), which is soliciting feedback until December 11, all Chinese portable power banks would be required to disclose their battery type, production date and offer a recommendation for...

Politics

8 d. ago UBS remains bullish on Chinese tech but warns of big market swings in 2026

UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. “One point that we can be very...

Events

1 week ago Chinese banks sell off real estate collateral to shed bad debt

Chinese banks sell off real estate collateral to shed bad debt  Nikkei Asia

Economics

2 w. ago How Chinese underground banks became the world’s biggest money

How Chinese underground banks became the world’s biggest money-launderers  The Economist

Economics

2 w. ago TD Bank sued by Chinese staff in US who say they were fired illegally

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were fired based on ethnicity

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were illegally fired

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago Growth in China’s tech stocks just getting started: JPMorgan banker

The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies and fundraising plans were once again drawing the attention of international investors after years of stagnation, said Mark...

Politics

2 w. ago Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency’s growing clout in international trade and investment. “Based on my calculation, 10 per cent of our company’s total orders were priced and settled in renminbi,” said Yang Feng, finance director for overseas marketing at Sieyuan Electric, in a panel discussion organised by Standard Chartered at the China International Import Expo in...

Economics

4 w. ago Chinese Banks Win Over Global Rivals to Finance Starbucks Deal

Chinese Banks Win Over Global Rivals to Finance Starbucks Deal  Bloomberg.com

Economics