Tag Archives: HSBC

China: Daily Scan, July 22, 2022

Senior CPC official urges preventing, defusing risks in united front work: Xinhuanet
July 21, 2022

Senior Communist Party of China (CPC) official You Quan has urged efforts to prevent and defuse risks in the united front work and contribute to stable economic, social, and political environments. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, made the remarks during his research tour in northeast China’s Liaoning Province from Wednesday to Thursday. Click here to read…

Former manager of China’s state grain group arrested for suspected bribery, dereliction of duty: Xinhuanet
July 21, 2022

Xu Baoyi, former deputy general manager of China Grain Reserves Group (Sinograin), has been arrested on suspicion of bribery and dereliction of duty by personnel of state-owned enterprises, the Supreme People’s Procuratorate (SPP) said. Click here to read…

HSBC says Communist party branch in China units have ‘no influence’: Reuters
July 21, 2022

HSBC Holdings said employees who form branches of the Chinese Communist Party (CCP) within private companies in China have ‘no influence’ on the running of the business, following media reports on Thursday that such a unit had been established at its China securities unit. Click here to read…

Shanghai bans job discrimination against recovered COVID patients: Global Times
July 21, 2022

The Shanghai Municipal People’s Congress passed a decision on Thursday, banning employers from terminating contracts, or refusing to hire those who have suffered from infectious diseases. The city also curtailed the time period to check a person’s nucleic acid test history record from two months to half a month, which is viewed as a “pragmatic and positive” change for people struggling to find a job. Click here to read…

China’s ride-hailing giant Didi fined $1.2b for 16 legal breaches; move ends year-long probe, highlighting data security: Global Times
July 21, 2022

China’s internet regulator fined ride-hailing giant Didi Global 8.026 billion yuan ($1.2 billion) for 16 legal violations, calling an end to a cybersecurity probe that lasted more than one year and sending a strong signal that will lay the ground for the healthy development of internet-based platform economy. Click here to read…

Chinese vice premier urges high-quality development of education: Xinhuanet
July 22, 2022

Chinese Vice Premier Sun Chunlan has stressed the need to promote high-quality development of education and the development of a strong education system with which the people are satisfied. Click here to read…

Chinese mainland reports 106 new local confirmed COVID-19 cases: Xinhuanet
July 22, 2022

The Chinese mainland Thursday reported 106 locally-transmitted confirmed COVID-19 cases, including 52 in Gansu and 21 in Guangxi, the National Health Commission said Friday. Altogether 774 local asymptomatic carriers were newly identified in 12 provincial-level regions on Thursday. Click here to read…

Chinese police intensify crackdown on pornography, prostitution, gambling-related crimes: Xinhuanet
July 22, 2022

Chinese police have intensified crackdown on pornography, prostitution and gambling-related crimes, dismantling over 960 such criminal rings in a special campaign. The Ministry of Public Security (MPS) said in a statement on Thursday that police authorities have worked with a national office to fight against pornography and illegal publications, supervising the investigation of over 70 major cases. Police forces across the country have resolved more than 790 major criminal cases in this regard. Click here to read…

Anhui powers ahead in tech development: Quishi
July 22, 2022

Anhui province is on a fast track of development in China’s economy, having become a hub of multiple emerging industries, such as electric vehicles, over the last decade, provincial leaders said. Click here to read…

Indonesian president to visit China: China Military
July 22, 2022

At the invitation of Chinese President Xi Jinping, President Joko Widodo of the Republic of Indonesia will visit China from July 25 to 26, Chinese Foreign Ministry spokesperson Hua Chunying announced Thursday. Click here to read…

China’s battery giant CATL, Ford announce cooperation on EVs: People’s Daily
July 22, 2022

China’s leading automotive lithium-ion battery maker Contemporary Amperex Technology Co., Ltd. (CATL) and Ford Motor Company announced Thursday a non-binding memorandum of understanding outlining global strategic cooperation, including supplying batteries in China, Europe and North America. Click here to read…

China to extend anti-dumping duties on steel product from Japan, South Korea, and EU: Reuters
July 22, 2022

China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union, the country’s ministry of commerce said on Friday. The duties will be extended for five years beginning from July 23, it said in a statement. Click here to read…

China’s largest policy bank disbursed $27 bln loans for infrastructure stimulus: Reuters
July 22, 2022

China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an accelerated pace of lending to fund infrastructure. Click here to read…

China’s propaganda put under scrutiny as netizen comments translated: Kyodo
July 22, 2022

When a strong earthquake struck off the coast of Fukushima in March, Chinese social media was flooded with comments reveling in the prospect of a disaster and telling Japanese “to die.” But almost immediately, translations of the comments in Japanese and English appeared, produced by a loose collection of people, most of them Chinese themselves, to open the world’s eyes to the kinds of opinions being voiced in China. Participants in the campaign, called the Great Translation Movement, say the ultimate aim is to expose the Chinese Communist Party’s manipulation of public opinion. Click here to read…