by Choi Chi-yuk & Nectar Gan in South China Morning Post, April 19, 2017, 11:39pm A storm is brewing in China’s financial industry as President Xi Jinping seeks to stem collusion among senior regulators, ruling elite family members and private tycoons ahead of a key Communist Party meeting later this year. Alarmed by a stock market rout in 2015, Xi is loudly beating the anti-graft drum in the financial world, where shady money-for-power deals have…
Posts published in “Day: April 20, 2017”
by Laura Zhou in South China Morning Post, April 20, 2017 China’s military further opened its research and development programmes to private companies, inviting them to take part in projects worth an estimated 6 billion yuan (US$870 million or HK$6.78 billion), state media reported on Wednesday. Analysts said the move was part of the government’s wider goal of creating a defence contract industry where private companies played a key role in supplying military technology that…
Report in Dhaka Tribune, April 19, 2017 at 08:56 PM The massive US bomb dropped on an Islamic State cave complex in Afghanistan last week killed militant fighters from Bangladesh, Pakistan, Tajikistan, Uzbekistan, Russia, India, and other countries, an Afghan official said, reports a German news agency dpa International and an Afghan radio channel Radio Azadi. “Most militants killed in the attack were from Pakistan, India, Philippines, and Bangladesh,” Mohammad Radmanish, a spokesman for the…
Report in The Daily Star, April 20, 2017 Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab. Vitaly Kamluk, director of the Moscow-based company’s global research and analysis team for the Asia Pacific region, said: “We’re pretty sure it was the work of Lazarus group.” The researcher made the remarks…
by Minnie Chan in South China Morning Post Apr 20, 2017 at 11:32pm A former security chief of the Chinese province of Hebei pleaded guilty in a Jiangsu court on Thursday to a range of graft charges against him, state media reported. Zhang Yue, 56, a former provincial Communist Party standing committee member and secretary of Hebei’s politics and law commission, was on trial in the Changzhou Intermediate People’s Court accused of abusing his power…