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China’s Last-Minute Pledge on Forced Labor Saved Investment Accord, EU Envoy Says - Beijing agreed to work toward ratifying international labor conventions after European negotiators vowed no deal without such a promise, Nicolas Chapuis tells Caixin
Yongcheng Coal Banned From Debt Sales for a Year Current and former chairmen of Yongcheng Coal and Electricity Holding Group Co. Ltd. are deemed inappropriate candidates for positions in the debt financing instrument market for a year. Yongcheng Coal and Electricity Holding Group Co. Ltd. was banned from debt sales for a year by China’s interbank bond market regulator after the state-owned coal mine operator’s bond default two months ago set off a chain reaction in the bond market. A “self-disciplinary” investigation into Yongcheng Coal found a number of violations, including inaccur...
China Removes Limits on Credit Card Interest Rates - Further step toward letting markets determine rates could bolster smaller lenders while also fostering more competition between banks and fintechs
Guangdong Inoculates 180,000 Against Covid-19 Virus - Vaccinations for people with higher coronavirus infection risks show no serious adverse effects, local authorities say
Regulators Seize Troubled Sichuan Trust and Vow to Force Restructuring Regulators took control of Sichuan Trust Co. Ltd. after the local trust company failed to deliver a satisfactory resolution of a $3.6 billion investment repayment crisis that has dragged on since May. The Sichuan branch of the China Banking and Insurance Regulatory Commission (CBIRC) sent a working team jointly formed with the local government to supervise the operations of Sichuan Trust in southwest China’s Sichuan province and carry out a management reshuffle, the CBIRC branch said Tuesday Sichuan Trust is the latest ...