![]() ![]() Gan, who was divorced from Jia last year, provided a guarantee along with Jia for the borrowing by one of LeEco’s subsidiaries in 2015. Gan Wei, ex-wife of troubled LeEco founder Jia Yueting, was hit by a travel ban by a court because of 533 million yuan ($76 million) of unpaid loans to China Merchant Bank, according to a ruling released Wednesday by the Shanghai High People’s Court. colleges.Įx-wife of embattled tycoon Jia Yueting faces travel ban Immigration and Customs Enforcement agency Monday, would affect more than 1 million international students studying at U.S. from enforcing new visa guidelines that could force international students out of the country if schools offer only online classes in the fall. Harvard University and the Massachusetts Institute of Technology are seeking a temporary restraining order to prevent the U.S. Harvard and MIT sue immigration authorities on new student visa rules A pilot program to test the digital currency was launched in April in selected cities with participation of large state banks. ![]() PBOC, Didi Chuxing in tie-up to test China’s homegrown digital currencyĭidi Chuxing is working with a research unit of the central bank to test China’s coming digital cash as a payment method on its platform, China’s ride-hailing giant said Wednesday.Ĭhina’s central bank has led global peers in the development of digital legal tender. By Lu Yutong and Han Wei TOP STORIES OF THE DAY Also, divorce doesn’t end troubles for ex-wife of Jia Yueting. Meanwhile, China’s largest gay dating app operator booms on its Nasdaq debut while Ant Financial is reportedly planning a Hong Kong IPO. China’s central bank and ride-hailing giant Didi work together to test the official digital currency. immigration authorities over new student visa rules that threaten more than 1 million international students. A few months after bankers held a record for making Chinese companies public in New York and Hong Kong, they have had a rude awakening.Harvard and MIT jointly challenge U.S. Bids are being filed and investors are suffering huge losses.Īfter a fortnight in which China repressed its Uber-like Didi Global Inc., just days after a commercial debut in the United States, a global chill was resolved, quickly followed by the State Council which announced a more detailed examination of all offshore quotes. A cybersecurity review for companies with data on more than a million users was proposed on Saturday before looking for listings in foreign countries. The warning signs had been blinking for some time. As insurers hit a record $ 1.5 billion in fees last year to help Chinese companies with initial overseas bidding, relations between China and the United States shrank. In December, Donald Trump signed a bill that could remove Chinese companies that do not comply with audit inspection rules. ![]() Simultaneously, President Xi Jinping stepped up oversight of large technology companies, in part to secure the treasury of data they control. The moves jeopardize the frantic negotiation that took place during the pandemic and the lucrative offshore listing business that earned about $ 6.4 billion in commissions since 2014, when Alibaba Group Holding Ltd. they topped the league tables during that stretch, when nearly 40 percent of the commissions came from U.S. bids.īankers now say they expect most Chinese IPOs destined for U.S. stock exchanges to be suspended or diverted elsewhere, entering the projected revenue for the year given the significantly lower rates in Hong Kong. The quotation requirements in the financial center and in mainland China are also stricter, which means that there are no certain offers. ![]() “There are some uncertainties that can take a month or two to follow,” said David Chin, head of investment banking in Asia Pacific at UBS Group AG, about China’s changing rules in a briefing. ![]()
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