Page 4 - Chinese Companies

Evergrande Group flags default risk from cash crunch; bonds fall

The company said it's exploring the sale of interests in its listed electric vehicle and property services units, as well as other assets

SEC chief Gary Gensler warns 'clock is ticking' on delisting Chinese stocks

Securities and Exchange Commission Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets

Beijing took stake and board seat in key ByteDance domestic entity in 2021

The central Chinese government similarly holds a 1% stake in a key unit of Twitter-like Weibo called Beijing Weimeng Technology

China's education crackdown pushes costly tutors underground

A sweeping overhaul announced last month bans private companies from teaching the school syllabus during weekends and vacations and from making a profit, along with a laundry list of other restriction

Huawei revenue drops 29% as its consumer growth engine stutters

The biggest drop came from Huawei's consumer business group, which includes handsets

Targeting tech

Chinese govt's recent steps can backfire

US regulators step up scrutiny of IPO hopefuls from China before listing

Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before US regulators will allow them to list their stock

Wall Street's IPO fee machine under threat after regulatory scrutiny

The heavier deal flow has provided an uptick in fees to the banks

Tencent's WeChat suspends new user registration for security compliance

Shares in Tencent plunged 9.0% in Hong Kong on Tuesday

FCC votes to finalise programme to replace Huawei equipment in US networks

The FCC's final order expands the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

ByteDance shelves IPO after regulators warn about data security: Report

The Chinese tech giant, whose apps also include TikTok's Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets

Will take 'necessary measures' after Biden admin blacklists firms: China

The penalties over China's treatment of Uyghurs and other Muslim minorities prohibit Americans from selling equipment or other goods to the firms

United States govt puts 14 more Chinese firms under sanction list

The reason being their involvement in Beijing's human rights abuses in the Xinjiang Uygur Autonomous Region, NHK World reported citing the US Commerce Department.

Overseas listings: China tightens grip with review of firms with large data

The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, said the Cyberspace Administration of China

US adds 14 Chinese companies to economic black list over Xinjiang

They are among 34 entities being added from various countries around the world.

Chip shortage pushes China automobile sales down 12.4% in June

A global shortage of semiconductors hit autos production in the world's biggest car market.

China criticises removal of more Chinese stocks from major US index

China said on Friday it resolutely opposed what it said was the United States' tendency to politicise economic issues

US set to add 10 more Chinese companies to blacklist over Xinjiang

US is set as early as Friday to add at least 10 more Chinese companies and other entities to its economic blacklist over alleged human rights abuses, high-tech surveillance in Xinjiang

China signals broad clampdown on company data, offshore listings

Crackdown wipes out billions from Didi, other US-listed companies

Didi falls 25% in pre-open trade on China crackdown, loses $19 bn in m-cap

A sharp sell-off in Didi shares would further dent confidence of its investors, who were shocked by the probe into the ride-hailing firm just two days after its New York stock market debut