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China gives green light for 3 private banks

BY Reuters |

China's banking regulator has approved the setting-up of three new banks wholly funded with capital from private firms, mostly with regional roots, which will introduce the first private lenders into a sector dominated by state giants.
Microsoft targeted in apparent Chinese antitrust probe

BY Reuters |

Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices earlier this week.
China probes more than 25,000 people for graft in 1st half of year

BY Reuters |

China investigated more than 25,000 people for corruption in the first six months of 2014, state media said on Friday, amid a nationwide crackdown on graft.
China regulator 'determines Qualcomm has monopoly'

BY Reuters |

China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China.
GSK confirms it fired staff for corruption in China in 2001

BY Reuters |

GlaxoSmithKline said it fired staff in China for bribing officials in 2001 in a case that predates wider allegations of corruption for the British drugmaker in the country by more than a decade.
Ex-GSK China staff seek compensation for illegal dismissal

BY Reuters |

Three former Chinese employees of GlaxoSmithKline PLC, which is embroiled in a long-running corruption probe in China, are seeking compensation for illegal dismissal from their jobs, a lawyer representing them told Reuters.
StanChart sues businessman connected to Qingdao port

BY Reuters |

Standard Chartered PLC is suing Chen Jihong, the Chinese businessman at the centre of a suspected fraud at China's Qingdao port, joining a list of firms that have taken legal action to reclaim their losses.
渣打控告德正资源董事长 追讨青岛港骗贷案损失

BY Reuters |

渣打银行 具状控告德正资源董事长陈基鸿，德正资源是中国青岛港骗贷疑案的关键企业。在渣打之前，已有多家企业采取法律行动追讨损失。
人行正核实媒体关于中行跨境人民币业务的报导

BY Reuters |

新华社英文周五引述中国人民银行发言人称，央行正在对媒体所称的一国有商业银行违反洗钱规定的报导进行核实。此前中行 跨境人民币产品“优汇通”深陷其困扰。
'China looking into Bank of China money laundering allegations'

BY Reuters |

China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth-largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.