From Financial Times: Any day now, China’s foreign exchange reserves will reach the $1,000bn mark. That is one-fifth of the world’s re¬≠serves, an amount greater than Japan’s enormous holdings and more than the reserves of Germany, France, Italy and Canada combined. China’s cushion of cash and investments would finance more than a year’s worth of […]
Read MoreFrom The New York Times: In a reflection of China’s growing prominence in international finance, Hong Kong is set for a banner year in global markets: More money will be raised by companies selling shares to the public here than on the biggest exchanges in New York and London. And on Friday, pricing will be […]
Read MoreMelanie Kirkpatrick, deputy editor of The Wall Street Journal’s editorial page, wrote on the newspaper: If Beijing wants to send a message to Pyongyang about its nuclear program, it could announce that, effective immediately, it is taking several steps: It will stop deporting North Koreans, allow the United Nations to set up refugee camps, and […]
Read MoreChinese bloggers will be asked to register their blogs with their real names and ID numbers, said 21st Century Business Herald, a Chinese newspaper. A similar real registration regulation on cell phone users will be released within this year, another Chinese newspaper reported earlier. The Ministry of Information Industry has asked the Policies and Resources […]
Read MoreFrom Financial Times: A corruption probe in Shanghai appears to have widened into examining the city’s sporting world after state media reported on Wednesday that the head of Formula One racing in China had been called in for questioning by investigators. Yu Zhifei, who runs the company that manages Shanghai’s F1 circuit, was “assisting investigations” […]
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