BEIJING: China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.
China Securities Regulatory Commission Vice Chairman Fang Xinghai said recent actions were to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security, according to a person familiar with the talks, who asked to not be identified because the meeting was private. Fang defended the moves such as those aimed at the education and gaming industries as meant to reduce social anxiety.
Global investors have been unnerved by the regulatory onslaught from BeijingRead More »
Thursday, 5 October 2017 : Bangladeshi authorities have destroyed about 20 boats that ferried Rohingya Muslims fleeing violence in Myanmar, accusing smugglers of using the huge exodus to bring methamphetamine into the country. Refugees told Reuters that border guards also beat and arrested passengers and crew as they landed at Shah …Read More »