China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
Posted inBuilding (Construction) China China Evergrande Group China Securities Regulatory Commission Fines (Penalties) Frauds and Swindling Hong Kong Real Estate (Commercial) Regulation and Deregulation of Industry Securities and Commodities Violations Shenzhen (China)

China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion

China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
Xi Jinping is Asserting Tighter Control of Finance in China
Posted inBanking and Financial Institutions China China Economy China Securities Regulatory Commission Communist Party of China Economic Conditions and Trends He Lifeng (1955- ) Qiushi Regulation and Deregulation of Industry

Xi Jinping is Asserting Tighter Control of Finance in China

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
Why China Is Turning the Screw Tighter on Oversight of Banking and Tech
Posted inBanking and Financial Institutions China China Securities Regulatory Commission Cyberspace Administration of China National Development and Reform Commission (China) Politics and Government Regulation and Deregulation of Industry

Why China Is Turning the Screw Tighter on Oversight of Banking and Tech

A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.