Everbright Supermarket Pursues Debts Exceeding 3.6 Billion Against Wang Jianlin and Others, Court Files Execution
In a recent development, the arbitration award between Yonghui Supermarket and individuals such as Wang Jianlin and Sun Xishuang has…
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CCDI Penalizes Three Cross-Border Securities Firms for Allegedly Restricting Foreign Investments
The China Securities Regulatory Commission (CSRC) announced that it has confiscated all “illegal gains” of the three securities firms Tiger,…
Debit Card Becomes Useless Card, Henan Village Bank Customers Unable to Protect Rights
The incident at the rural town bank in Henan happened four years ago, with numerous depositors failing in their attempts…
New York City Comptroller Calls for Establishment of Emergency Fund to Address Impact of AI on Economy
With the rapid rise of artificial intelligence (AI) as a core force reshaping society and the economy in just a…
Wuliangye Stock Price Plummets by 75%, Plans to Buy Back $10 Billion in Shares
On May 21, Yibin Wuliangye Co., Ltd. (Wuliangye) announced that it would invest up to 10 billion yuan to repurchase…
Hong Kong’s “China Real Estate” May Have Only One Store Left in Beijing
Hong Kong property agency China Real Estate, which has been in the Beijing market for over 30 years, has recently…
Two Chinese container shipping companies’ stock prices plummet after being accused by the U.S. Department of Justice.
Two Chinese container companies listed in Hong Kong saw their stock prices plunge due to allegations by the US Department…
Mainland China’s Yu’e Bao Profit Rate Falls Below 1%, Money Market Funds Enter Low-Profit Phase
In May, China’s largest money market fund, Tianhong Yu’E Bao, has officially seen its 7-day annualized yield drop below 1%,…
UAE’s New Pipeline Construction Around Hormuz Strait Reaches 50% Completion.
The United Arab Emirates’ state-owned oil company, Abu Dhabi National Oil Company (ADNOC), announced on Wednesday (May 21) that UAE…
Chinese Military Supplier “Jihua” Fakes Nearly $10 Billion, Receives Risk Warning
The state-owned listed company “Jihua Group” under the central enterprises of the Chinese Communist Party (CCP) has been subjected to…