The roller-coaster movement of China's stock indexes in the past weeks has raised eyebrows worldwide, including analysts and portfolio managers in Europe.
Hong Kong Exchanges & Clearing Ltd Chief Executive Officer Charles Li has called China the world's "safest" stock market, seeking to allay investor concerns over government intervention and surging volatility.
Chinese startup companies are still confident of their future, despite the stock market slump, but said the flow of venture capital financing has tightened.
Surging stock transaction volumes pushed up stamp duty revenue on stock trading in the first half of the year to an estimated record 138 billion yuan ($22.26 billion), the highest six-month figure on record and a rise of 545 percent year-on-year, according to data of financial information provider Shanghai Wind Information Co Ltd.
With Japan's lower house of parliament giving the green light to two controversial security bills on Thursday, Japanese Prime Minister Shinzo Abe is one step closer to his ambition of reversing the nation's self-imposed ban on exercising the right to collective self-defense and militarizing its Self-Defense Forces.
Wan Li, former chairman of the Standing Committee of the National People's Congress, the top legislature, died at the age of 99 on Wednesday, but his precious legacy will be remembered and carried forward forever by the Chinese people.
Monkey King: Heroes Are Back earned 300 million yuan ($50 million) at the box office in the first three days after its release, setting a new record for a Chinese animated movie. Comments:
A "sex video" believed to have been recorded in a fitting room of a clothing store in Beijing's Sanlitun area has gone viral on social media after being posted online on July 14. Police have started an investigation into incident. Comments:
Mitsubishi Materials Corp will apologize to former prisoners-of-war from the United States this weekend in Los Angeles for forcing them to work as slave laborers during World War II, said the Simon Wiesenthal Center which is hosting the closed-door event. This is the first time it has made such an apology. The Japanese Embassy in Washington has denied the Japanese government's involvement. Comments:
There has been a lot of talk recently about the Chinese government becoming involved in the country's stock market: An odd charge to level at China, to say the least. Just look at what takes place around the world. Indeed, it is in the so-called developed economies that we see the most frequent and most aggressive market intervention by governments.
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Raymond Zhou
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Chen Weihua
