Regulators


China tech giants told to give jobs back to local grocers

China tech giants told to give jobs back to local grocers

(ATF) China’s market regulators have issued “nine must-not” guidelines to e-commerce giants such as Alibaba, Tencent, and JD.com to crack down on a new social sales model that is taking jobs away from traditional small businesses in a pandemic-stricken economy. These tech giants are in the crosshairs of Beijing’s anti-monopoly …

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China’s debt market contradiction will be a high-stakes game

China’s debt market contradiction will be a high-stakes game

(ATF) China’s bond market is mired in a state of somewhat grotesque self-contradiction.On the one hand there been a full-on opening of doors to foreign participation – from the marquee credit ratings agencies, to the big-hitter investment banks (now able to take sole lead on onshore bond deals) to easy …

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CSRC on a mission to delist 'zombie enterprises'

CSRC on a mission to delist 'zombie enterprises'

(ATF) China intends to streamline its delisting criteria to eliminate “zombie companies” from the market, a senior regulatory official said on Thursday.Sun Nianrui, deputy director of listed companies supervision at the China Securities Regulatory Commission (CSRC), said the delisting system has been improved since 2019, and a total of 25 …

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China passes consumption test with flying colours

China passes consumer test with flying colours

(ATF) Millions across China stocked up their online shopping carts in a race to snag the best deals on Singles Day – an annual shopping extravaganza that takes place on November 11 each year.Popularised by Alibaba Group Holdings as the “11.11 Global Shopping event”, Singles Day is the world’s largest …

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