China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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4,639 articles matching the search query.
Ex-Bank Regulator Kicked Out of Communist Party in Bribery Probe
Lǐ Guóróng 李国荣, a former bank regulator in Southwest China’s Sichuan province, was expelled from the Communist Party and relieved of all his official duties for taking bribes.
新华社分享页
The crackdown on securities fraud and financial malfeasance will continue, according to one of China’s most senior prosecutors. He noted that from January to November 2021, 211 people were prosecuted for securities and futures crimes, an increase of 90.1% year-on-year.
Seeds for the future: Xí Jìnpìng 习近平 yesterday inspected the Yazhou Bay Seed Laboratory in Hainan, and emphasized that China’s seed industry technology must be self-reliant to ensure food security. Agricultural stocks rose sharply in the afternoon.
一季度动力电池装车量累计51.3GWh，同比累计上升120.7%
In March, China’s total electric battery sales amounted to 24.5 gigawatt hours (GWh), a year-on-year increase of 175.3%.
China approves new online games as crackdown eases
China has approved new online games in a sign that the long recent crackdown on the industry may be easing. But the list of new licenses granted for 45 games doesn’t include those from foreign developers or Tencent, which is now perhaps the world’s most important gaming company. Reuters says that “companies had bent over backwards after facing heavy criticism from authorities for being non-compliant.”
China Lawmakers to Discuss Approval of Forced-Labor Conventions
Beijing will discuss two international forced-labor treaties at the Standing Committee of the National People’s Congress next week, an issue that has previously stalled investment deals with the EU, and after rights activists last week urged the U.S.’s Biden administration to crack down on imported goods in Xinjiang.
Foreign Ministry spokesman Zhào Lìjiān 赵立坚 also called forced labor accusations “the biggest lie of the century,” in response to a U.S. research report that linked major automakers such as BMW and General Motors to controversial labor programs in the region.
China Ends Video Game Freeze By Handing Out First Licenses Since July
Gaming licenses get approved again: After nine months without a single new video game title approved for release in the Chinese market, the National Press and Publication Administration resumed gaming approvals on April 11. Of the 45 titles approved, industry leaders Tencent and NetEase were “noticeably absent,” Bloomberg reports, but the stocks of many gaming companies, including industry leaders, rose by 6–8% in pre-market trading in response to the news.
Chinese gaming engine company Cocos raises $50 million · TechNode
Open-source gaming engine company Cocos raised $50 million in Series B funding.
‘Further acceleration’ expected as China loans jump, first quarter hits record
Chinese banks extended 3.13 trillion yuan ($492 billion) in new yuan loans in March, while new bank lending in the first quarter rose to a record of 8.34 trillion yuan ($1.3 trillion)
Battery Giant CATL Adopts Measures to Avoid Covid Shutdown
CATL, the world’s biggest manufacturer of EV batteries, has implemented a so-called closed loop for workers at its main factory in China in a bid to avoid a COVID-19 shutdown.
Beijing’s handpicked candidate for Hong Kong signals tighter control
Will Hong Kong’s next leader be a hard-liner? Former cop John Lee (李家超 Lǐ Jiāchāo), who announced his bid for the city’s top position last week and is the favored candidate to win, has “a history of defending, promoting and advancing Hong Kong’s most controversial laws,” per the Washington Post.
五部门：新能源汽车企业要切实履行数据安全保护义务 保障数据安全 - 21财经
Safety systems of new energy vehicle (NEV) enterprises need to be strengthened, per new guidelines from five ministries including those of Transport, Public Security and Industry & Information Technology.
Two mystery executives reap $200m each at China’s Tencent
Mysterious execs at Tencent: The company paid out more than $200 million each to two unidentified executives in 2021 while founder Pony Ma’s compensation was cut for a year.
Beijing city authorities tighten Covid controls in effort to stop Omicron surge reaching Chinese capital
New COVID-19 measures in Beijing: Municipal authorities have introduced the strictest measures since early 2020, including curbs on travel from certain parts of China and wider quarantine regulations.
Kansas researcher convicted of illegal secret China work
A Chinese chemist was convicted on Thursday for illegally concealing work he was doing in China while employed at the University of Kansas, as part of the fallout from the U.S. government’s controversial and now-shuttered China Initiative. U.S. District Judge Julie Robinson is weighing a defense motion to dismiss the case against Franklin Tao (Táo Fēng 陶丰).
36氪首发 | 数字人技术公司影眸科技完成数千万元Pre-A轮融资，红杉种子领投-36氪
Metaverse AI tech and app producer Deemos 影眸科技(上海)有限公司 has completed Pre-A financing of tens of millions of yuan to be used for team building and development of the underlying core AI technology.
深交所在线调查显示 2021年个人投资者户均资产量达60.6万元_中证网
The Shenzhen Stock Exchange conducted an online survey of 29,100 individual investors in mainland China in 2021. The average asset size of investor securities accounts was 606,000 yuan ($95,200), 9,000 yuan ($1,410) higher than 2020.
A manufacturer in the semiconductor industry, Hangzhou Lion Electronics, announced net profits for the first quarter of up to 245 million yuan ($38.49 million), a year-on-year increase of 223.24%.
