Charleston Lim
Writer
The Latest
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China Central Bank Launches Digital Renminbi Pilot Programs
Pilot programs to test the use of the digital currency in real-world scenarios have been launched in various regions across the nation. 
Pilot programs to test the use of the digital currency in real-world scenarios have been launched in various regions across the nation. -
BlackRock Fined By German Market Regulator For Late Filing
Germany's Federal Financial Supervisory Authority imposed an $809,000 fine on BlackRock's UK unit for failing to file voting rights notifications on time. 
Germany's Federal Financial Supervisory Authority imposed an $809,000 fine on BlackRock's UK unit for failing to file voting rights notifications on time. -
HNA Group Completes Sale Of Shanghai Office Tower For $509 Million
Under the sale, state-backed bad debt management firm Chian Cinda Asset Management will own most of the company's Shanghai HNA Tower located in Pudong's Lujiazui area. 
Under the sale, state-backed bad debt management firm Chian Cinda Asset Management will own most of the company's Shanghai HNA Tower located in Pudong's Lujiazui area. -
Chinese Biotech Firm Akesobio Successfully Launches $330 Million Hong Kong IPO
Akesobio's 15.95 million shares made available to Hong Kong investors were oversubscribed 639 times during its debut. 
Akesobio's 15.95 million shares made available to Hong Kong investors were oversubscribed 639 times during its debut. -
Anbang Insurance Successfully Sells Remaining Stake In CRCB
Government-controlled Anbang Insurance Group has sold its remaining stake in CRCB, valued at an estimated $1.23 billion, to two separate state-owned enterprises. 
Government-controlled Anbang Insurance Group has sold its remaining stake in CRCB, valued at an estimated $1.23 billion, to two separate state-owned enterprises. -
Carrefour To Halve 2019 Dividends Amid Ongoing Crisis
Apart from reducing its dividends by half, Carrefour is also proposing pay cuts for its top executives in order to save additional cash. 
Apart from reducing its dividends by half, Carrefour is also proposing pay cuts for its top executives in order to save additional cash. -
Alibaba Sets $28.26 Billion Budget To Bolster Cloud Business
Alibaba announced plans of investing up to 200 billion yuan over the next three years to bolster its global cloud business. 
Alibaba announced plans of investing up to 200 billion yuan over the next three years to bolster its global cloud business. -
SAIC Motor Reports First Annual Profit Decline Since 2011
The Shanghai-based automaker reported a 28.9 percent drop in profits and a 6.88 percent decline in revenues in 2019. 
The Shanghai-based automaker reported a 28.9 percent drop in profits and a 6.88 percent decline in revenues in 2019. -
Neiman Marcus Seeking Bankruptcy Protection After Outlets Shut Down
Neiman Marcus Group is reportedly just days away from filing for bankruptcy protection as it is no longer able to make debt payments. 
Neiman Marcus Group is reportedly just days away from filing for bankruptcy protection as it is no longer able to make debt payments. -
Hin Leong Trading Founder Hid $800 Million In Losses From Investors
Lim Oon Kuin admitted in a signed affidavit that the company had suffered losses that were not disclosed in its financial statements over the past few years. 
Lim Oon Kuin admitted in a signed affidavit that the company had suffered losses that were not disclosed in its financial statements over the past few years.
