April 24, 2024
Finance

China’s top prosecutors promise financial crime crackdown is about to ramp up

A senior prosecutor with the Supreme People’s Procuratorate has vowed to ramp up a crackdown on financial crimes in the year ahead, as Beijing pledges strengthened supervision of transactions to prevent and resolve risks. Zhang Xiaojin, head of the Fourth Procuratorial Office, which is in charge of economic crimes, said efforts would be made to

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Investment

China’s visa-free deals with Thailand, Malaysia, Singapore could trigger Asean trade, investment boost

“That would really trigger the demand for people to go to China and look for business opportunities,” said Kraisin Vongsurakrai, director secretary general of the Thailand-China Business Council. In the past when Thai businessmen wanted to visit exhibitions and trade fairs [in China], they had to plan aheadKraisin Vongsurakrai Businessmen are “quite excited” by the

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Investment

China’s youth shun diamonds in favour of gold, seeking safe-haven investment amid economic downturn

In China today, many identify with Huang’s consumption mentality, with domestic gold prices reaching new highs last year, and the retail market witnessing a gold rush. 01:31 Chinese consumers sell off old jewellery amid record high gold prices Chinese consumers sell off old jewellery amid record high gold prices And as China’s stock market struggles

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Investors

Best of 2023: Chinese investors scrambling to sell overseas properties tops most-read China economy stories

Read the full story here. 2. China’s shipping containers pile up at overcrowded port as overseas orders dwindle (Ji Siqi – February 20, 2023) Empty containers at Yantian Port in Shenzhen. Photo: Ji Siqi Although the Lunar New Year holiday ended weeks ago, not all truck drivers in Shenzhen are back to work. On the

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