Fund of ByteDance founder Zhang Yiming gets Hong Kong asset management licence

Fund of ByteDance founder Zhang Yiming gets Hong Kong asset management licence

A private investment fund created last year by billionaire Zhang Yiming – founder of TikTok’s Chinese parent company ByteDance – has received a licence from Hong Kong’s securities regulator to conduct asset management, paving the way for the young entrepreneur to use Hong Kong as a base to manage his wealth. The Securities and Futures … Read more

China set to beat pre-pandemic travel levels during ‘golden week’ holiday

China set to beat pre-pandemic travel levels during ‘golden week’ holiday

China is expected to beat pre-pandemic levels of domestic travel during this year’s week-long National Day holiday. The “golden week” is typically one of the country’s busiest travel periods and, according to transport vice-minister Li Yang, this year is expected to see a total of 1.94 billion journeys during the holiday, which starts on Tuesday. … Read more

China Coast Guard detains Taiwanese fishing boat and 5 crew members near Quemoy

China Coast Guard detains Taiwanese fishing boat and 5 crew members near Quemoy

Mainland officers boarded the boat for inspection and told the captain and crew to navigate towards the mainland coastal city of Jinjiang in Fujian province. The Taiwanese coastguard tried to intervene but the mainland sent seven vessels in two groups to block them. After a tense stand-off lasting about 50 minutes, the Taiwanese side ceased … Read more

Mainland Chinese drone user drops leaflets on Taiwanese outlet in ‘anti-independence protest’

Mainland Chinese drone user drops leaflets on Taiwanese outlet in ‘anti-independence protest’

This time there has been no official endorsement from Beijing of the flights, but the mainland has strict rules on drone use and there has been no apparent intervention to stop the man’s activities. In recent years there have been a string of incidents in which unidentified drones have flown over restricted waters, around Quemoy, … Read more