Risk Watch: China’s Banking Regulator Plans to Supervise Financial Data

On March 16, the China Banking Regulatory Commission (CBRC) issued a document soliciting views on guidelines for its governance of financial institution data. The document proposed that regulation of bank and other financial institution data should be part of data governance, and that a chief data official should be appointed per actual conditions. The submission …

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Focus Watch: Decoding Mainland Chinese Media’s Unusual Reporting on Military Veteran Murder Case

On Feb. 15, the eve of the Lunar New Year, military special forces veteran Zhang Koukou murdered a local village despot and his two sons in Shaanxi’s Sanmen Village. Zhang, who murdered the despot in revenge for killing his mother 22 years ago, surrendered to the authorities two days later. Zhang’s murder sparked intense discussion across …

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Risk Watch: China’s Social Security Ministry in Deficit, Has Less than a Year of Pension Funds in 13 Regions

The Ministry of Human Resources and Social Security’s (HRSS) 2016 annual report notes that it is running a considerable pension funds deficit: Thirteen regions have insufficient pension funds to pay workers for a year, while Heilongjiang Province is 23.2 billion yuan ($3.5 billion) in the red. The backdrop: According to the HRSS report, China’s total …

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Political Risk Watch: Xi Slams Bureaucratism After Beijing Residents Protest

Over a hundred residents of Beijing Chaoyang District’s Feijia Village marched in the streets on Dec. 10 to protest the Beijing municipal government’s forced eviction of the “low-end population,” or migrant workers to the city. Feijia Village is in Cuigezhuang Town, a town-level administrative area that is nearly 11 miles from Zhongnanhai. The protest, which …

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Political Risk Watch: Chinese Netizens Liken Beijing Migrant Eviction to ‘Anti-Chinese’ Discrimination Abroad

On Nov. 20, the Beijing municipal authorities launched a 40-day campaign to clear the city of subdivided apartments in industrial and suburban areas. The police then proceeded to evict the residents of these dwellings without implementing a proper resettlement plan or barely any advanced notice. These migrant workers, or “low-end population” in official documents, suddenly …

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New York Stock Exchange-listed Chinese Education Group Faces Allegations of Child Sexual Abuse

Mainland Chinese press has been carrying reports of child abuse by a kindergarten run by RYB Education since Nov. 22. RYB was listed on the New York Stock Exchange in September and raised $102 million with an offer of 5.5 million shares at $18.50 apiece. RYB’s shares have plummeted since the scandal broke; as of …

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Legal Watch: Falun Gong Adherent Acquitted in Spiritual Practice’s Birthplace

According to Minghui.org, a website run by adherents of the spiritual practice Falun Gong, the Qikai District Procuratorate acquitted and released female Falun Gong adherent Gu Lina on Nov. 11. Qikai District is in Changchun, the city where the spiritual practice was founded in 1992. Why it matters: Based on our research, no Falun Gong …

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China’s ‘Warren Buffett’ May Be Caught up in Anti-corruption Drive

Guo Guangchang, a Chinese tycoon known as “China’s Warren Buffett,” stepped down as chairman at Shanghai Fosun High Technology on Nov. 10. Shanghai Fosun High Technology is the leading firm in Fosun International. Guo, a co-founder of Fosun International, left three executive positions in the Fosun group within the past three months. He is still a …

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Punishing of Famous Actress Puts Chinese Financiers on Notice

The China Securities Regulatory Commission punished well-known Chinese actress Zhao Wei and her husband Huang Youlong for several financial irregularities in a takeover bid on Nov. 8. Zhao, Huang and the company they controlled, Tibet Longwei Culture Media Co., were fined a total of 1.2 million yuan ($150,000), and the couple is barred from the …

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Exploding Meteor Over China Augurs Ill for CCP Elder

On the evening of Oct. 4, a meteor exploded over Shangri-La County, Yunnan Province. According to NASA, the fireball exploded with the force of 540 tonnes of TNT. Chinese astrologists from Hong Kong note that the event is an ill-omen for former Chinese Communist Party (CCP) leader Jiang Zemin. Falling meteors: Historically in China, falling …

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