China Market Room is a quick show three times a week with headlines and comment on three financial, business, or government news items out of China in each episode. The effects of China’s moves impact every business, supply chain, and government. We help you understand these effects and assess your China risk.
This was China Market Room – 211129
Tencent Fines, Didi De-listing, The Beijing Stock Market and Digital Asset Center
Our First Story…
Tencent must get approval from Chinese regulators before publishing new apps and updates – C2-CN – 211125
Chinese Ministry of Industry and Information Technology regulators found China’s largest tech company Tencent issued apps that violated data protection rules a number of times in 2021. Tencent new app issuance is suspended. They are now required to allow regulators to review any new apps, and updates to existing apps, before they go out. This could take as much as seven days.
China suspends Tencent from updating existing apps or launching new apps: report
– C2-CN – 211128
China fines Caifutong, Tencent’s WeChat Pay operator, for breaking foreign exchange rules – C2-CN – 211128
Our Second Story…
Beijing presses Didi to delist from U.S. over data security fears – sources – C2-CN – 211126
Didi’s Secrets Risk China’s Wall Street Future – C2-CN – 211129
Our Third Story…
Beijing looks into setting up a digital asset exchange to push the e-yuan – C2-CN – 211126
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