The message on venture capital was sober: U.S.-owned VC investment into China plunged last year and competition has grown. “This golden era is over” for outsized returns there, Rhodium Partner Thilo ... ( read original story ...)
Shanghai passes new law calling for cooperation to protect Chinese sturgeon
Shanghai legislators passed a new law protecting Chinese sturgeon on Thursday, emphasizing regional cooperation and ordering an annual report of the status of the endangered ancient species indigenous ... ( read original story ...)
China c.bank surprises by keeping MLF rate steady, focus now on next week’s LPR
China's central bank unexpectedly kept the interest rate on its medium-term funding for financial institutions steady on Friday, even as authorities have stepped up the pace of monetary easing ... ( read original story ...)
Succcess In Japan Helps Mint New China Billionaire Couple
Linkage’s IPO follows a big gain on Friday by China’s Kingsoft Cloud, a cloud services business chaired by Chinese billionaire Lei Jun, after it began Nasdaq trading (see related story here ). Last ... ( read original story ...)
Disney Superfan Returns to Shanghai Disneyland on Reopening Day
Shanghai Disneyland reopened on May 11 after closing for more than 100 days due to COVID-19. It was an emotional reunion for Qi Xiaoyu, a 27-year-old nurse and Disney superfan. ( read original story ...)
Unexpected China c.bank liquidity drain sparks further bond selloff
China's central bank surprised investors on Thursday by not issuing new medium-term loans, draining liquidity from the banking system and prompting investors to extend a sell-off in Chinese government ... ( read original story ...)
China’s central bank will conduct MLF operations Thursday: sources
China's central bank will conduct medium-term lending facility (MLF) operations on Thursday, two traders with direct knowledge of the matter said. ( read original story ...)