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Monday, Oct 25, 2021
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China to pilot property tax scheme in some regions
The top decision-making body of the Chinese parliament said on Saturday it will roll out a pilot real estate tax in some regions, the official Xinhua news agency reported.
Eswatini protests: Nurses refuse to treat police after colleagues shot
The health workers say security forces injured 30 colleagues when they opened fire at a protest.
NYT claim: “China’s Bullying Is Becoming a Danger to the World and Itself”
THOMAS FRIEDMAN, NYT
Thomas Friedman claims in the New York Times that China is becoming dangerous, because it’s controlling more and more critical elements that until now were controlled by only the USA . He sees the Chinese regime as “brutal” because th...
Alibaba's Jack Ma Spotted In Spain In Rare Trip Abroad After China Scrutiny: Report
The Chinese billionaire has largely been out of public view since he publicly criticised China's regulatory system in a speech last year.
Drop Chinese investments, MPs and peers tell parliament’s pension fund
Letter from 137 lawmakers urges fund to drop stakes in firms accused of human rights violations or linked to Chinese state
Alibaba Founder Jack Ma Reappears In Hong Kong After Months Out Of Public Glare: Report
The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators. That triggered a chain of events that resulted in the shelving of his Ant Group's...
Evergrande: End of the road for developer as US$37 billion bill looms?
The Shenzhen-based company tapped the bond markets nearly 40 times in a four-year period and amassed hundreds of billions of yuan in bank loans as it sought to expand its core residential housing business and diversify the scope of its o...
Octopus most-used platform for Hong Kong government’s e-vouchers
Consumers mostly splurged on groceries, care products and cosmetics.
China’s Next Bull Market Is Coming. How to Prepare.
China’s slowing economy and President Xi Jinping’s aggressive regulatory moves have rattled investors and prompted a slide in Chinese stocks.
Hong Kong Stages Impressive Intra-Day Rally
We knew from yesterday’s US price action today was apt to be an ugly day and that came to fruition with the exception of Hong Kong.
Alibaba HK Rises As Tencent’s Mobile Payment WeChat Pay Goes Live On Alibaba
Asian equities were off overnight as Hong Kong outperformed and China was mixed. Hong Kong’s rally was quite broad with 3 advancers to every 1 decliner as every sector was in the green and led by a strong rebound in internet stocks.
CFIUS, Team Telecom and China
What have CFIUS and Team Telecom been up to?
Evergrande got a free pass of sorts from Chinese authorities
It was coddled for long beyond the limits of regulatory prudence
China's central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown
China's central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities illegal and vowing to crack down on the market.
Alipay users can make payments at offline merchants in Hong Kong
Ant Bank has announced that it has launched cross-border payment services for its subsidiary e-wallet Alipay (Macao), so users can pay at offline merchants in Hong Kong.
Alibaba pledges $15.5 billion to help China achieve 'common prosperity'
Alibaba is pouring 100 billion yuan ($15.5 billion) into China's drive to achieve "common prosperity," marking the latest big pledge from a Chinese company to support President Xi Jinping's campaign.
The secretive Chinese upstart 'making fast fashion look slow'
Every night before bed, Anushka Sachan whips out her phone to log into an app.
China bans men it sees as not masculine enough from TV
China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality.
China cuts amount of time minors can spend playing online video games
Under-18s will be allowed to play online games for one hour on Fridays, weekends and holidays
Hong Kong chosen to host Asia’s premier tech summit for next 5 years
It is unclear how international delegates will be able to attend the annual RISE Conference next March if stringent border control measures remain in place.
City made rich by China’s tech boom snared in Xi’s crackdown on corruption
President Xi’s crackdown on China’s billionaires has ensnared the most senior party official in a city that fuelled the country’s tech boom.
China plans to ban US IPOs for data-heavy tech firms
China’s stock regulator plans to propose new rules that could thwart internet companies’ plans to list in the U.S.
A Chinese technology giant is donating all its profits to charity
One of China's biggest tech firms has pledged to hand over its entire profit for the last quarter to rural development projects in the country as Beijing steps up the pressure for wealth redistribution.
China Big Tech ‘less powerful’ under Beijing’s tough new data privacy law
The PIPL, along with China’s Data Security Law that comes into effect next week, will put an end to the freewheeling, data-driven business expansion of Chinese internet giants.
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