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Shanghai’s closed liberal bookstore faces a new resurgence in Washington


Shanghai’s closed liberal bookstore faces a new resurgence in Washington

Jifeng, or “monsoon,” is derived from the store’s slogan: “There’s a crack in everything, and that’s how the monsoon blows in.” JF Books is expected to offer many titles that are not available in Chinese bookstores due to strict censorship. Photo: WeChat/ 季风微读圈 Yu’s post was widely shared online among intellectuals, media professionals and book […]

AIA’s first-half profits rise 53% on mainland Chinese spending spree in Hong Kong


AIA’s first-half profits rise 53% on mainland Chinese spending spree in Hong Kong

AIA Group, Asia’s largest insurer, reported its best half-year profit in five years as mainland Chinese customers continued to buy policies in Hong Kong with the prospect of better investment returns and as a hedge against a weakening yuan. Net profit rose 53 percent to $3.31 billion, or 29.53 cents per share, in the six […]

China targets cryptocurrencies and online gaming coins and tightens anti-money laundering measures


China targets cryptocurrencies and online gaming coins and tightens anti-money laundering measures

In recent years, more and more online platforms have been used to launder money through virtual rewards via live streaming and gaming. Virtual currencies, gaming coins, internet platforms and live streaming payments have become new money laundering channels and have more complex and hidden network and chain-like features, the statement said. In February, authorities in […]