Bitcoin plummets after China denounces Initial Coin Offerings as illegal

Earlier this month, China shocked investors everywhere by banning both corporate and personal fund raising using ICOs (initial coin offerings) such as bitcoin, stating that such practices constitute illegal fundraising due to the current lack of regulations and increasing reports of misuse.

China increase online security to mitigate internet finance fraud

China has announced new measures in order to mitigate risks brought about by illegal activities in the online banking for the development of the Chinese finance sector, in a newsletter issued by the Chinese State Council earlier this month.

Cyprus to broaden economic activities with China

The President of Cyprus reiterated the government’s aim to support the development of business & economic relations between Cyprus & China.

Accuracy with GDP data calculation method for China

According to the China’s statistics bureau, GDP (Gross Domestic Product) data calculation method has changed. This is a step to adopt international standards and improve the accuracy of the Chinese numbers.

Singapore house prices dropped during Q2

According to Knight Frank’s Global House Price Index, Singapore posted the second-highest drop in private home prices among Asian countries in the last quarter, with only China coming behind.

Occupied Trikomo is planning to become a Chinese village

As a Turkish Cypriot media reported, occupied Trikomo has attracted the close interest of Chinese investors. As stated by the TC newspaper, the Chinese investors are looking into all British, Russian and Scandinavian interest.