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On January 14th, Jianghua Microelectronics announced that its controlling shareholder, Zibo Xingheng Tusong, is planning a major event that could lead to a change in the companys control. Due to the uncertainty surrounding the transaction, trading in the companys shares will remain suspended from January 13th, 2026, for no more than three trading days. During the suspension period, the company will fulfill its information disclosure obligations based on the progress of the matter.European Central Bank Governing Council member Villeroy: If the budget deficit in 2026 exceeds 5%, France will enter a dangerous zone.On January 14th, Jefferies reported that in December of last year, Kuaishou (01024.HK)s subsidiary, Keling AI, achieved revenue exceeding US$20 million, corresponding to an annualized revenue per share (ARR) of US$240 million, marking another milestone for Keling in just 19 months since its launch. During the same period, Kuaishou launched a series of new models and updates, noting the positive reception of its dynamic control features in overseas markets. The report also believes that while its video generation model is still in its early stages, continued technological breakthroughs and innovations indicate significant revenue growth potential. Jefferies maintains its "Buy" rating on Kuaishou with a target price of HK$106.In a response on the interactive platform, Meansen stated that the company has no cooperation with the Dorgerberg steel plant in Europe.On January 14, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning announced that the Chinese government has appointed Ambassador Yan Wenbin as the Special Representative of the Chinese Government for Shanghai Cooperation Organisation (SCO) Affairs and the Chinese National Coordinator for the SCO. Mao Ning stated that this position is an important one created by China to deepen exchanges and cooperation with SCO member states. Ambassador Yan Wenbin has extensive diplomatic experience and is familiar with SCO affairs. He expressed confidence that Ambassador Yan will actively fulfill his duties, maintain close working relationships with the national coordinators of member states, implement the consensus reached by leaders, strengthen organizational building and cooperation, jointly promote regional security, stability, development, and prosperity, and advance the building of a closer SCO community with a shared future.

UK Government: Cryptoassets Could Be Seized to Stop Crime

Cameron Murphy

Apr 28, 2022 09:42


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The British government suggested on Thursday that crypto assets might be confiscated to help battle economic crime, but the plan fell short of the drastic change demanded by legislators, who want an unified crime-fighting agency.


Scams involving banking and the internet have increased dramatically in the United Kingdom, especially after the COVID-19 outbreak.


In response to a parliamentary investigation into economic crime, the administration said that it would introduce laws to allow cryptoassets to be confiscated and recovered more rapidly as soon as legislative time permits.


"In particular, (we propose) the development of a civil forfeiture authority to limit the danger presented by people who cannot be punished but use their wealth to continue crime," the government told the Treasury Select Committee in parliament.


The panel proposed creating a single organization to combat economic crime to replace a "bewildering" multitude of institutions, but the administration insisted that its multi-agency system was the best.


"It allows us to discriminate between various sorts of criminality," the government stated, adding that public-sector fraud required a different reaction than schemes perpetrated by individuals or corporations.


In a statement, TSC Chair Mel Stride stated, "This might be a big squandered opportunity."


The government has already endorsed a suggestion that requires internet platforms like as Google and Facebook to take aggressive steps to combat fraudulent financial product advertising, but the law will take time to adopt and execute.


"Now is the time for online platforms to step up and take down these fake ads," Stride added.


Google has already pledged to only accept financial advertisements from organizations that are authorized by the Financial Conduct Authority, and Facebook owner Meta is expected to follow suit later this year.


The investigation advised that internet platforms be required to assist clients who have been scammed, a measure that the government is considering.


"We're working together with technology firms, law enforcement, and civil society partners to investigate all options for assisting victims of online fraud and mitigating the damage they've suffered," the government stated.

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