Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported the China Banking and Insurance Regulatory Commission intervened to take over four insurers, three securities companies and two trust firms...
The crisis that has hit China’s corporate community is worsening after the suspension of trading of Kangmei Pharmaceutical shares, The Wall Street Journal reported Monday (May 20). Kangmei is one of two Chinese conglomerates that recently raised investor and regulatory concerns over a combined $6 million...
Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are put in place. According to a news report in Business Insider, citing the Beijing-based financial magazine Caixin, Chinese regulators including the People’s...
June 24, 2024
Shein has reported confidentially filed for an initial public offering (IPO) in London. This move doesn’t necessarily mean the IPO will happen in London, as Shein would prefer to go public in the United States, CNBC reported Monday (June 24), citing unnamed sources. Shein did not immediately reply to PYMNTS’ request for comment. The company […]
July 17, 2020
Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported the China Banking and Insurance...
August 29, 2017
Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are put in place. According to...
