Links for Tuesday, November 22, 2022

China wants to encourage capital inflows
China wants you to buy ‘quasi-safe’ yuan bonds as it aims to ‘unleash growth momentum’ in economy / SCMP (paywall)
“China’s foreign-exchange regulator is trumpeting the attractiveness of yuan-denominated assets — as well as the country’s economic prospects — in the latest bid to encourage capital inflows and ease overseas concerns.”

Amethystum Storage’s fall from grace
Amethystum Storage faces delisting after US$5 million fine for accounting fraud, raising questions over rash of tech listings / SCMP (paywall)
“Chinese optical storage firm Amethystum Storage faces a delisting from Shanghai’s Nasdaq-like tech board amid a fraud investigation, two years after its initial public offering and raising concerns over the rapid increase in listings amid the country’s drive towards greater technology self-reliance.”

Layoff at Credit Suisse’s China office
Credit Suisse lays off one-third of China-based investment bankers – sources / Reuters
“Credit Suisse (CSGN.S) has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows.”

Evergrande gives back land
Debt-laden China Evergrande gives back land sites to Wuhan city / Reuters
“A Chinese municipal district said it had taken back 134,500 hectares (332.4 acres) of land formerly held by a unit of debt-laden developer China Evergrande Group (3333.HK) and had made no payment for doing so.”

Chinese carmakers lag in going green
China’s big carmakers show no signs of ending production of fossil-fuel vehicles, struggle to keep pace with nation’s net-zero goal: Greenpeace / SCMP (paywall)
“Most of China’s top carmakers have no plans in place to phase out conventional vehicles or a detailed timetable for their net-zero targets in response to China’s carbon neutral pledges, according to Greenpeace East Asia.”

A personal pension system is on the horizon
China’s personal pension scheme nears launch as insurers’ rules finalized / Caixin (paywall)
“China is moving closer to officially launching its long-awaited personal pension system, with regulators this week issuing final regulations to insurance companies who want to sell retirement savings products to millions of individuals across the country.”

A nuclear-powered Moon base
China is developing new nuclear system to power moon base expected to be up and running by 2028 / SCMP (paywall)
“China’s station at the moon’s south pole will be powered by nuclear energy, the chief of the lunar project said.”

AI-powered surveillance
Chinese robocop can boost police patrol resources tenfold, study finds / SCMP (paywall)
“Robots could boost the power of Chinese police patrols tenfold, the country’s top police academy has found, in a study that has implications for how law enforcement and tech could collaborate in China.”