The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.
Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.
China UnionPay will spend CNY 3 billion on acceptance terminal upgrades, signage placement and publicity in key cities.
The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.
The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.
The guide introduces and provides instructions on a variety of payment methods available to foreigners in China.
An estimated $445bn worth of public bonds issued by local government financing vehicles need to be repaid by the end of 2024.
The NAFR is looking to enrich the green financial product ecosystem, and potentially using state-run asset managers to invest in innovative firms.
The new REITs, listed on the Shanghai Stock Exchange, are backed by shopping centres and supermarkets.
The guidelines strengthen requirements for rating agencies to guard against conflicts of interest, improve their rating models, and enhance rating quality and accuracy.
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