According to SunMoon Food, the entities were placed into involuntary bankruptcy reorganisation by their creditors. ( read original story ...)
Chinese banking regulator fines China Construction Bank $1m for violations
The Chinese banking regulator said on Saturday it had fined a branch of the China Construction Bank (CCB) , the country's second-largest lender by assets, 7,313,511 yuan ($1.09 million) for rule ... ( read original story ...)
Shanghai fines US company $3.6 million for monopoly
Shanghai, east China.File photo:Xinhua Eastman (China) Investment Management Co. Ltd, a Chinese subsidiary of US chemical firm Eastman Chemical Company based in Shanghai, was fined 24,378,711 yuan ($3 ... ( read original story ...)
Chinese currency’s sudden surge puts spotlight on central bank
China’s yuan surged past a key technical level, a sign that the central bank may soon be forced to rein in further strength in the currency. ( read original story ...)
Shanghai Waigaoqiao Free Trade Zone Grp
Shanghai Waigaoqiao Free Trade Zone Group issues 2018 2nd tranche super short-term financing notes worth 400 mln yuan. June 15 (Reuters) - Waigaoqiao Free Trade Zone Grou ... ( read original story ...)
Regulatory Holdups Slow Ant Group’s IPO Plans
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and ... ( read original story ...)
Tesla Giga Shanghai: Model 3 Tsunami As Production Surges
The plant has a new Supercharging station with 60 or more stalls. Tesla Giga Shanghai in China seems to be ramping up production of Made-in-China Model 3 to a new high to support the company's goal to ... ( read original story ...)