Chinese authorities say they’ve arrested 63 people in a self-styled “thunder attack” on a money laundering gang suspected of washing more than $1.7 billion via crypto. In a coordinated bust, the Horq...
Tag: China
China’s Covid Protests Highlight The Grievances Of Its Angst Generation
People display blank sheets of paper as a means of protesting against China’s harsh Covid … [+] restrictions in Shanghai. HECTOR RETAMAL/AFP via Getty Images Chinese President Xi Jinping h...
Why A U.S. Member Of Congress Should Adopt Jimmy Lai
In this picture taken on June 16, 2020, millionaire media tycoon Jimmy Lai, 72, poses during an … [+] interview with AFP at the Next Digital offices in Hong Kong. – Lai knows his support f...
Ukraine’s Fight For Democracy Is Worth The Short-Term Spike In Energy Prices
A Ukrainian soldier looks at flames after throwing a cocktail Molotovs during a self-defence … [+] civilian course on the outskirts of Lviv, western Ukraine, on March 4, 2022. – The Russia...
China: the digital Yuan – The Cryptonomist
China has always been a state that makes strictness and control the cornerstones of the exercise of power to the point of often being referred to as a regime rather than a republic, and now with the D...
New Year Holds Promise for China IPOs After a Record 2022 Haul
(Bloomberg) — Chinese companies raised a record amount in initial public offerings at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for anoth...
Shedding the LBO Albatross, China Debt Plans: Credit Weekly
(Bloomberg) — Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into wh...
Rivian, GlobalFoundries Joining Nasdaq 100 Index; Apple Chipmaker, China Stocks Falling Off
Tesla (TSLA) rival Rivian Automotive (RIVN) and chip foundry GlobalFoundries (GFS) are among six stocks that will join the Nasdaq 100 index before the open on Dec. 19, while Apple (AAPL) chipmaker Sky...
China Arrests 63 Gang Members For Laundering $1.7B With Crypto
Chinese authorities have arrested a gang of 63 people for laundering 12 billion Yuan ($1.7 billion) using crypto. According to local media reports, the Horqin Branch of the Public Security Bureau of T...
One Of These Seven People Is Likely To Win Taiwan’s High-Stakes Presidential Vote In 2024, Gallup Pollster Says
Taiwan Vice President Lai Ching-te waves upon arriving in Los Angeles on Jan. 25, 2022, en route to … [+] Honduras. (Taiwan Presidential Office via AP) Associated Press Gallup Market Research Ta...
China Arrests 63 For Laundering $1.7B With Crypto
Chinese authorities have arrested a gang of 63 people for laundering 12 billion Yuan ($1.7 billion) using crypto. According to local media reports, the Horqin Branch of the Public Security Bureau of T...
Police in China dismantles billion-dollar crypto money laundering operation
Inner Mongolian police have detained sixty-three people in connection with an alleged conspiracy to launder more than 12 billion yuan ($1.7 billion). Ten million yuan laundered monthly According to Ch...
TSMC Makes a $40 Billion Bet on U.S.-Made Chips. Don’t Declare Victory Yet.
This past Tuesday, Taiwan Semiconductor Manufacturing announced that it would expand its investments in Arizona to more than $40 billion—from its initial $12 billion commitment. TSMC’s first Arizona f...
Hong Kong Court Sentences Jimmy Lai On The U.N. Human Rights Day
December 10 marks the Human Rights Day, a day designed by the United Nations to commemorate the U.N. General Assembly adopting, in 1948, the Universal Declaration of Human Rights (the UDHR). The UDHR ...
China Stocks Climb Again; Investors See More Benefits Than Risk In Covid Policy Shift
Hope among stock investors for improved economic growth in China has helped to lift the fortune of … [+] the country’s third-richest man, Tencent Holdings CEO Ma Huateng, by $11 billion si...
Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst
Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI print will make Fed “slow down”...
China GDP Poised To Outperform World Average In 2023 – PwC
A woman has her routine COVID-19 throat swab at a testing site despite authorities starting to ease … [+] some of the anti-virus controls in Beijing on Dec. 8. China is the last major country st...
Tesla, GM facing ‘a nightmare’ in China, analyst says
As mainland China backs away from its zero-COVID policy and loosens restrictions, business optimism and a slight return to normalcy are welcome changes for citizens and investors. One large area of th...
The Real Estate Phoenix Rises From The Ashes, Week In Review
Week in Review Asian equity markets had a mixed performance week as Hong Kong, and Mainland China were the only markets to end the week higher on China reopening and the real estate rebound. China’s P...
War By Other Means – What Will 2023 Look Like?
CLAVERIA, PHILIPPINES – MARCH 31: A US Marine CH53 helicopter takes off as US and Philippine marines … [+] take part in a joint amphibious assault exercise as part of the annual ‘Bal...
After the Reagan National Defense Forum and Survey
U.S. Secretary of Defense, Lloyd Austin, addresses the crowd at the Reagan National Defense Forum in … [+] Simi Valley, CA. Ronald Reagan Presidential Foundation & Institute A few days after...
Alibaba Stock Jumps As China Eases Covid Rules
China stocks jumped Thursday as the nation’s government officials curtailed many of its zero-Covid controls that stalled the world’s second-largest economy. Alibaba (BABA) stock, as well a...
China is moving from Covid-zero but it won’t be straight path forward
Passengers wait to board a train at Hongqiao railway station in Shanghai on December 6, 2022. Hector Retamal | Afp | Getty Images BEIJING — As mainland China relaxes many of its stringent Covid contro...
Hong Kong Internet Rally Goes Free Solo On The Wall Of Worry
China Last Night KraneShares Key News Asian equities were mixed/mainly lower, as Hong Kong outperformed significantly, India managed a small gain, and the Philippines closed for the Feast of the Immac...
China’s Zero-Covid Policy Succeeded—Until It Didn’t. Here’s What Went Wrong And What Experts Think Could Happen Next.
Topline China announced it was relaxing some of its strictest Covid restrictions on Wednesday, a major policy shift that suggests Beijing is preparing to abandon its zero-Covid strategy in favor of le...
Damn The Torpedoes, America’s Billionaire Investors Go Full Speed Ahead On China
China has been called “uninvestable,” but billionaires continue to bet on the “Chinese miracle.” GETTY IMAGES 2022 VCG Billionaire Ray Dalio has managed money for Chinese clien...
Jim Cramer’s Investing Club meeting Wednesday: China, Danaher, Apple
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Buy and hold EL Possible...
NFTs Up to Getting Recognition as Virtual Property in China
Earlier in 2021 China banned trading of cryptocurrency in the country. The concept of NFTs(Non-Fungible Tokens) after the introduction of Blockchains is becoming widely popular among crypto users. D...
Politburo Emphasizes Domestic Consumption As China Trade Data Gives Global Economy Thumbs Down
China Last Night KraneShares Key News While not a day that will live in infamy, Asian equities had a rough outing following the Nasdaq’s -2% drop yesterday, with the Goldman Sachs CEO’s pessimis...
Back Up The “Dividend Dump Truck” For These Stocks In ’23
Side view of white truck carrying heap of money (one hundred-dollar bills). Clean image and isolated … [+] on white background. getty China’s over-the-top COVID lockdowns are setting up a surpri...