The China Securities Regulatory Commission (CSRC), the stock market watchdog, has looked into 17 cases relating to fake news and has imposed “administrative” punishments in 13 cases. Photo: Reuters

Chinese police investigating early April Fools’ Day social media financial rumour

  • People’s Bank of China asks police authority to look into speculation it was planning to cut the required reserve ratio last week
  • The rumour spread on Chinese social media networks including WeChat and Weibo on Friday before being denied by China’s central bank
Topic |   Central Banks

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The China Securities Regulatory Commission (CSRC), the stock market watchdog, has looked into 17 cases relating to fake news and has imposed “administrative” punishments in 13 cases. Photo: Reuters
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The trade talks between China and the United States continued last week in Beijing. Photo: AFP

US-China trade war deal could be too late for the likes of Mastercard, American Express and Visa

  • China promised to allow foreign firms into its domestic electronic payments market by 2006 having joined the World Trade Organisation in 2001
  • The administration of Barack Obama failed to resolve the issue, Donald Trump has taken up the cause with President Xi Jinping
Topic |   China economy

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The trade talks between China and the United States continued last week in Beijing. Photo: AFP
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