Latest Breaking News On - Chinese securities regulatory commission - Page 5 : vimarsana.com
Reuters
An obscure bureaucratic office in Beijing has emerged as one of the most feared government institutions for China's Big Tech as Beijing clamps down on what it sees as cybersecurity risks in the internet sector.
The Cyber Security Review Office was created last year as a joint task force by 12 Chinese ministries, including the Ministry of Public Security and the Ministry of National Security, to look into cybersecurity risks.
"The state has a cybersecurity review requirement, and this office was created to get the job done," one Beijing-based regulatory source who has direct knowledge of the matter said.
The office, under the Cyberspace Administration of China (CAC), had been out of public view for a year until last week when it dropped the bombshell that it was putting ride-hailing giant Didi Chuxing under review over possible data security and national security risks.
BeijingChinaNew-yorkUnited-statesTongchengAnhuiHong-kongChineseSuning-yigouWei-haoNational-developmentChina-mobileBlackRock has won Chinese approval for mutual business
BlackRock has received approval to start doing business with its fund fund in China, as the world’s largest asset manager increases its presence in the country’s rapidly expanding investment industry.
The Chinese Securities Regulatory Commission approved the request for a fully owned fund company in BlackRock, the U.S. group said Friday.
While the move sought to continue the activity of large U.S. banks and asset managers after the wave fully integrated they themselves benefit from a large set of savings that enter and save the Chinese financial system, as they have historically been directed to money and goods.
ChinaBostonMassachusettsUnited-statesFranceBlackrockChineseLarry-finkChina-everbright-bankChina-construction-bankBoston-consulting-groupGoldman-sachsShenzhen saw a record level of yuan-denominated cross-border payments last year, an encouraging sign for Chinese authorities trying to reduce the country’s reliance on the US dollar amid uncertain relations with the United States.
Cross-border yuan payments in the southern city hit a record high of 2.5 trillion yuan (US$386 billion) last year, up 46 per cent from 2019, according to data released earlier this week by the local branch of the People’s Bank of China (PBOC).
In addition, cross-border payments denominated in the Chinese currency surpassed those using the US dollar in the January-February period this year, the nation’s central bank said, without providing an absolute number or comparison.
JapanShanghaiChinaUnited-statesUnited-kingdomHong-kongShenzhenGuangdongWashingtonJiang-yangFujianBeijingNew York Stock Exchange May Move Ahead With Plans to Delist Chinese Companies - Report © REUTERS / ANDREW KELLY
Subscribe
Sputnik International
https://sputniknews.com/business/202101061081663396-new-york-stock-exchange-may-move-ahead-with-plans-to-delist-chinese-companies---report/
In light of a November executive order signed by US President Donald Trump, the New York Stock Exchange (NYSE) recently briefly decided to delist three Chinese telecommunication companies from its listing before reverting its decision. However, new reports suggest the exchange may be changing its mind once again.
The NYSE is reportedly considering going forward with its original plans to delist three major Chinese companies after US Treasury Secretary Steven Mnuchin allegedly reached out to a top official.
ChinaWhite-houseDistrict-of-columbiaUnited-statesChineseLarry-kudlowRobert-obrienSteven-mnuchinBloombergNational-economic-councilOffice-of-foreign-assetsOval-office