Goldman Sachs criticised for offering shares in PetroChina in US
In a study released on Thursday by two firms in the industry, Goldman Sachs was criticised when it offered shares in Chinese oil firm PetroChina in the United States. Activists said the financing would...
View ArticleChina and Taiwan Deepen Economic Ties
China and Taiwan have deepened economic ties which helps improve cross-strait relations. From Joy C. Shaw of the Wall Street Journal: “The two sides also agreed in principle to allow investment from...
View ArticleChina’s Financial System: Red Mist
The Economist provides a Who’s Who of China’s financial system: FROM being a rounding error a decade ago, the financial clout of China now trails only that of America. By market capitalisation, it has...
View ArticleBusinessman Hailed for Buying Imaginary Bank
Lin Chunping, a businessman from Zhejiang, Wenzhou became a hot topic in January when state media reported that he had taken over Delaware-based Atlantic Bank without checking its sources. AP reporter...
View ArticleAnbang Chairman Held Amid Finance Crackdown
Anbang Insurance Group announced this week that its chairman Wu Xiaohui has temporarily stepped down due to “personal reasons.” The announcement came following domestic media reports that Wu was...
View ArticleChina Vows to Close Cryptocurrency Exchanges
Following a ban on bitcoin’s initial coin offerings earlier this month, Beijing’s cryptocurrency exchanges have now been asked to end trading entirely and halt all new user registration as the Chinese...
View ArticleWith Account Freezes and Sanctions, Financial Bodies Become Hot Front in Hong...
On a month when hardly a day has gone by without new developments in Beijing’s campaign to crush resistance in Hong Kong, financial institutions have become the latest front in the conflict between...
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Billions in International Pension Funds Support Abuses in China; Hong Kongers...
A report by the NGO Hong Kong Watch reveals that numerous major international pension funds have been heavily invested in Chinese companies connected to serious human rights issues. Some of these...
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