China’s Social Credit System

Joe Biden’s rhetoric has reached an inflection point. In recent weeks, the president has been discovering “inflection points” everywhere. And that’s no malarkey. Here is a sampling from just the last two weeks: At the United Nations, in a quote that the Biden team later highlighted on Twitter: “We stand,…

In last week’s VC news, global automotive corporation General Motors invests in Chinese autonomous driving startup Momenta, Beijing-based maker of augmented reality glasses Nreal raises new funds for international expansion, NetEase invests in Londong and Singapore-based game publisher Kepler Interactive. General Motors invests in Chinese autonomous driving startup Momenta General…

Residents in Shanghai can choose high-speed railway when planning a trip to view tourist attractions in Zhangjiajie, Hunan Province, from October 11, the China Railway Shanghai Group said yesterday. From 12am on October 11, the national railways will use the fourth-quarter train operation map, and the Yangtze River Delta Railway…

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus…

China declaring all crypto transactions illegal sent shockwaves through Asia’s fintech market. It adversely impacted Hong Kong as well; not just crypto exchanges, but firms and stocks related to crypto were also feeling the bite. FUD impacts crypto related companies On 27 September, Huobi Tech – an affiliate of the…

A driver of Xpeng P7 in China was injured on Wednesday after his car crashed into a truck ahead while driving in an assistant driving mode on a highway. The driver was hospitalized and suffered a concussion. The cause of the collision is still unclear. An Xpeng spokesperson told Chinese…

MPs are reportedly zeroing in on a deal that could see China booted from a £20bn nuclear power station project. The move, which could see the government take a stake in the Sizewell C power station, is likely to heighten geopolitical tensions. The government could confirm the plans by the…

CE continues visit activities in Chongqing (with photos/videos) ***************************************************************      The Chief Executive, Mrs Carrie Lam, continued her visit to Chongqing today (September 25), during which she visited enterprises and various facilities to learn more about the latest developments of the city.   In the morning, Mrs Lam, accompanied…

In this episode of China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending September 24. There were only 72 startup and growth stage investment deals that closed over the past 5 days in which Chinese startups raised US$1.775…

Official Launch of Southbound Trading under Bond Connect ******************************************************** The following is issued on behalf of the Hong Kong Monetary Authority:           Southbound Trading under Bond Connect is officially launched today (September 24).             The scheme aims to provide a convenient, efficient and secure channel for Mainland institutional investors…