Poll: 60% of Hong Kongers depressed, over 20% want to leave

China 01/08/22, 15:33

The National Security Law of the Chinese Communist Party (CCP) has further deprived Hong Kong people of their freedom of election, social gathering, and speech over the past year. As a result, a recent poll found that 58% of respondents said they no longer enjoyed life in the territory, while ...

Tencent fined in China for failing to report deals

China 01/08/22, 13:37

China's State Administration for Market Regulation (SAMR) penalized Tencent Holdings on Wednesday (Jan. 5) for failing to properly report its transactions. Late on Tuesday, Tencent reduced its stake in Sea Ltd, a tech giant of gaming and e-commerce in Singapore, which is considered the most valuable stock in Southeast Asia. With 14.5 ...

CCP faces disadvantages before opening of Beijing Olympics

China 01/07/22, 04:55

An analyst said that the Chinese Communist Party (CCP) considers the 2022 Beijing Olympics a significant event to focus on as it wants to take the opportunity to remind people of its leadership. In an interview with AFP, Antoine Bondaz—a researcher at the French Foundation for Strategic Studies—explained that the CCP ...

Turkish lawyers sue 112 Chinese officials, including CCP leader

China 01/06/22, 22:35

A group of Turkish lawyers stood up to defend the Uighurs living in China amid the Chinese Communist Party's (CCP's) malicious actions to suppress human rights in Xinjiang. The lawyers told the Istanbul Attorney General's Office on Jan. 4 that they had filed criminal proceedings against 112 Chinese officials, including the ...

China’s state-owned bank selling 39% stake in joint venture with HSBC

China 01/06/22, 17:29

State-owned Qianhai Financial Holding is auctioning a 39% stake in HSBC Qianhai Securities for $198 million. The auction will close on Jan. 21, 2022. According to Reuters, HSBC Qianhai Securities is a joint venture between China's state-owned Qianhai Financial Holding and HSBC, with Qianhai Financial Holding owning 49% and HSBC owning ...

China Huarong shares drop over 50% after resuming trading 

China 01/06/22, 16:52

China Huarong Asset Management Company had its shares resume trading on the Hong Kong Stock Exchange on Jan. 5 after a nine-month suspension was lifted, but the stock plummeted 55%, hitting a record low. The shares dropped to HK$0.495 (US$0.063) on Wednesday, which is the lowest price since Huarong started listing ...

In the shadow of the Genocide Olympics, partial shutdown in Ningbo, China

China 01/06/22, 01:13

The partial closure of Ningbo in China's eastern Zhejiang province, which has resulted in fewer drivers and trucks, has generated concerns about supply for major fashion firms such as Nike and Adidas. Ningbo is the world's busiest port in tonnage and third in daily container handling. However, the emergence of the ...

Zeng Qinghong pressures Xi Jinping into taking Taiwan

China 01/05/22, 04:29

On Nov. 24, 2021, Duowei newspaper published an article: "Jiang Zemin: 'Taiwan issue of my greatest concern,'" referring to Jiang Zemin's desire to unify Taiwan. The Liberation Army Newspaper published an article on the same day: "The command of the war must be handed over to those who can see the enemy." The ...

Evergrande forced to demolish 39 housing projects in 10 days

China 01/04/22, 19:06

The Urban Administrative and Law Enforcement Bureau of Danzhou City, China, issued a court order on the first day of the new year 2022 that requires Evergrande to dismantle some of its illegal construction projects in 10 days. Evergrande's Ocean Flower Island, a megaproject in the third-phrase completion located in Danzhou, Hainan Province, ...

Tesla opens showroom in Xinjiang where CCP carries out Uyghur genocide

China 01/04/22, 15:36

Electric car manufacturer Tesla announced this week that it had opened a major showroom in China's Xinjiang region, where the Chinese Communist Party (CCP) is accused of persecuting, exploiting, and murdering millions of Uighur villagers for their religious beliefs.  Tesla becomes the latest in an extensive list of companies implicated in ...

4 South Koreans prosecuted for leaking advanced technology to CCP

China 01/03/22, 04:51

The South Korean government introduced new measures to strengthen the country's technology protection since South Korean prosecutors on Dec. 22 indicted four South Koreans suspected of leaking advanced technology to the Chinese Communist Party (CCP). Among the four Koreans prosecuted, a representative of Korean company A was accused of stealing advanced ...