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Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
7.6.2022
A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him....
Shanghai Stock Exchange Pauses Ant Group IPO Over Regulatory Concerns
3.11.2020
The Shanghai Stock Exchange has suspended Ant Group's A-share IPO on its Star Board due to significant changes in the regulatory environment
Shanghai Stock Exchange, Regulator to Begin Blockchain Trading Pilot
30.9.2020
Shanghai. Source: Adobe/安琦 王
The Shanghai Stock Exchange, one of the biggest exchanges in the country, will conduct a pilot for a new blockchain-powered trading platform in conjunction with the regulatory China Securities Regulatory Commission (CSRC).
According to Shanghai Securities News,...
Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO
2.6.2020
Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner