regulation Archives

China Plans to Establish Regulations for Generative AI

The emergence of generative artificial intelligence (AI) models, such as ChatGPT, has sparked severe competition. China's focus on ensuring compliance with this technology is driving the implementation of regulatory measures.

SCEP to Gain Wider Access to Chinese Stock and Bond Markets

According to the official website of China Securities Regulatory Commission (CSRC), the examination of qualified foreign institutional investor (QFII) of Sequoia China Equity Partners (SCEP), Sequoia Capital China's affiliate for open market, has been accepted.

China Renaissance Founder Bao Fan Cooperates with Government Probe

Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance attested to in a filing on February 26.

Top Financial Institution China Renaissance Loses Contact with Founder

Bao Fan, the billionaire founder and chairman of boutique investment bank China Renaissance Holdings Ltd., has not been in contact with the company lately. The Hong Kong-listed company issued a statement that its business and operations remained normal.

Decentralized Social Networking App Damus Removed From Chinese App Store

Damus, a social networking product based on decentralized protocol Nostr, announced via Twitter on February 3 that, according to the requirements of the Cyberspace Administration of China (CAC), it would be removed from domestic app stores.

Didi Resumes New User Registration After Lengthy Review by Chinese Authorities

After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration.

Chinese Fintech Giant Ant Group Appoints New CPO

According to the official website of Chinese financial technology giant Ant Group, Sam Zeng, the former Chief People Officer, left his post and has been replaced by Wu Minzhi, previously the firm's deputy CPO.

China to Launch Digital Asset Trading Platform Soon

China's first national-level secondary trading platform for digital assets will be launched on January 1 of the new year, aimed at supporting the trade of intellectual property rights, digital copyright and digital collections.

BYD Electronics and Six Other A-Share Listed Firms Obtain E-Cig Licenses in China

China's new national standards for e-cigarettes are set to go into effect on October 1. So far, seven A-share listed companies have obtained licenses through their subsidiaries for the production, sale, import and export of e-cigarettes.

Ant Group Buys Land in Shanghai, Eyes Restart of IPO

Alibaba's financial services arm Ant Group has won the rights to a plot of land in Shanghai's Huangpu District. Analysts have suggested that the move may indicate Alibaba is accelerating its split with Ant Group, so as to promote the latter's restart of an IPO bid.

Huobi to Delist Seven Privacy Tokens Amid Regulatory Clampdown

Huobi, one of the world's leading crypto exchanges, on September 6 terminated trading services for seven privacy tokens, which will begin to be delisted on September 19 in order to achieve compliance with tightening financial regulation around the world.

Xiaomi Co-Founder Steps Down as Chairman of Financial Arm

Xiaomi recently announced in an internal email that it appointed Alain Lam, vice president and CFO of the group, to serve as the chairman of Airstar Digital Technology, the financial arm of the group.

Bitcoin Mining Platform Moxian Divests Chinese Subsidiaries Amid Local Regulations

Moxian, a Nasdaq-listed company engaged in bitcoin mining and related services in the United States, announced on August 15 that its wholly-owned subsidiary has transferred all equity interest of Moxian (Hong Kong) Limited to Liu Jiantao, a resident of China.