China Finance

OneConnect announces that its management intends to increase its participation, demonstrating confidence in the prospects of its business

SHENZHEN, China, August 12, 2021– (COMMERCIAL THREAD) – OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it has been briefed by its President and CEO and certain other members of its management team of their …

Read More »

India, US see cash inflows after China crackdown

By Divya Chowdhury MUMBAI, Aug.11 (Reuters) – India, the United States and parts of other emerging markets have seen inflows of funds redirected from China as recent regulatory crackdowns in the world’s second-largest economy have spooked investors. markets, according to seasoned investor Mark Mobius. “I would say half the money …

Read More »

China’s summer of stock market turmoil: a timeline

(Bloomberg) – The overhaul of tutoring companies in China has triggered a few volatile weeks for both onshore and Hong Kong stock markets, leaving investors on edge. After heavy losses, traders are looking for what regulators might target next as Beijing tightens its grip on a range of sectors from …

Read More »

BIT Mining announces the abolition of the VIE structure and the sale of the Chinese lottery business

HONG KONG, China, July 23, 2021 / PRNewswire / – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining company, today announced its decision to eliminate its structure from variable interest entity (“VIE”) and sell its Chinese lottery-related activities for nil consideration. BIT Mining’s consolidated …

Read More »