China’s yuan firms on state bank support

SHANGHAI, July 4 (Reuters) - China's yuan firmed against the U.S. dollar on Tuesday, with major state-owned banks selling the greenback in the onshore market that helped bolster the Chinese currency. The People's Bank of China (PBOC) set the yuan midpoint ... ( read original story ...)

LeEco-related bank accounts held

A Shanghai Court reportedly ordered a freeze on the bank accounts of LeEco chairman Jia Yueting and his wife, as well as bank accounts of three LeEco- related companies, mainland media reported yesterday. The accounts held a combined 1.24 billion yuan (HK$ ... ( read original story ...)