China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.
China
China to Spend $42 Billion to Address Real Estate Market Crisis
The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.
China Plans to Acquire Apartments, Relax Mortgage Rules in Response to Weakening Real Estate Market
Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.
China Offers 15-Day Visa-Free Stay for Cruise Travelers To Boost Tourism
China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.
China Considers Buying Millions of Unsold Homes Amid Real Estate Crisis
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
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Mayer Brown wants to end its 15-year partnership with China. But why? Mayer Brown wants to end its partnership with China. This was confirmed after the Chicago-based law firm announced reaching an agreement in principle to split from its operations in the Asian country.
The U.S. announced fresh sanctions against hundreds of Chinese and Russian suppliers. The U. S. government announced fresh sanctions against Chinese and Russian suppliers on Wednesday, May 1.
