Cheng Leng
Stories by Cheng Leng
Crypto exchange Huobi to end contracts with mainland China clients by year-end
Huobi Global said on Sunday it had stopped taking new mainland customers from Friday.
China to set up new state-owned conglomerates in strategic sectors
State-owned giants should step up research in industrial machines, high-end chips, new materials and energy vehicles.
China market regulator okays Ping An’s acquisition of New Founder Group
The insurer said in July that a consortium led by Ping An Life would actively promote a plan regarding Founder Group's reorganisation.
ByteDance to close some tutoring ops after Beijing clampdown on sector
The closures include the shuttering of its one-on-one English online classes app Gogokid.
China puts controlling stake of revamped Anbang on the block for $5.2b
The state took control of Anbang Insurance in 2018 in a move to reduce systemic financial risk.
China extends takeover period for 9 financial cos linked to Tomorrow Holdings
The takeover period of the nine mid-sized firms will be extended for another year till July 16, 2022.
Chinese antitrust regulator blocks Tencent’s $5.3b video games merger
Tencent first announced plans to merge Huya and DouYu last year to streamline its stakes in the firms.
China securities regulator sets up team to review offshore IPO plans of cos
Going forward, Chinese companies looking to list offshore will need approval from relevant ministries.
China takes steps to regulate behaviour of major shareholders of banks, insurers
The rules will restrict major shareholders' activities related to investment, transactions and corporate governance.
China pushes embattled Huarong to sell non-core units, mulls implicit support
The state-controlled "bad bank" has been trying to restructure since 2018.
