DIRS.INFO The most relevant business & tech news

☆ China police launch probe into troubled financial conglomerate Zhongzhi
▼ + stars: | 2023-11-27 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The Beijing police has launched a probe into the wealth management unit of Zhongzhi Enterprise Group, the authorities said over the weekend. Xie Zhikun, the founder of the group, died of a heart attack in December 2021, but his nephews hold key posts in the group, according to Chinese state media. Under China’s Criminal Procedural Law, “criminal mandatory measures” can mean anything from bail pending trial or house arrest to detention or arrest. The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing, China August 22, 2023. A major reason behind the company’s financial woes is its strong links with China’s real estate sector.

Persons: Zhongzhi, Xie, Xie Zhikun, Florence Lo, ” Zhongzhi Organizations: Hong Kong CNN, Beijing, Zhongzhi Enterprise Group, International Trust, Reuters, CNN, Trust Locations: Hong Kong, Beijing, China, China’s

☆ China police arrest man on suspicion of opening casino; local media link case to DouYu
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 22 (Reuters) - Police in the southwestern city of Chengdu said they had arrested a 39-year-old man surnamed Chen on suspicion of opening a casino, according to a notice on Wednesday. The person, who it described as Chen Moujie, has been arrested in accordance with the law and a further investigation is ongoing, the notice said. State media outlet Xinhua and local outlet wallstreetcn both reported that the police statement referred to the arrest of Chen Shaojie. Chen founded DouYu in 2014 and grew the company into China's leading video game streaming platform in China by number of users. Reporting by Beijing newsroom and Brenda Goh; Editing by Jacqueline Wong and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Chen, Chen Moujie, Chen Shaojie, DouYu, Tencent, Amazon's Twitch, Brenda Goh, Jacqueline Wong, Gerry Doyle Organizations: Police, Authorities, Beijing, Thomson Locations: BEIJING, Chengdu, China, DouYu, United States

☆ China police detain some Evergrande wealth management staff
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 17 (Reuters) - Police in southern China have detained some staff at China Evergrande Group's wealth management unit, suggesting a new investigation that could add to the property giant's woes. During protests by disgruntled investors at Evergrande's Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager and legal representative of Evergrande's wealth management division. China Evergrande did not immediately respond to a request for comment on Sunday outside of normal business hours. The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.

Persons: Aly, Du, Du Liang, China Evergrande, Moody's, Laurie Chen, David Kirton, Tom Hogue Organizations: China Evergrande Group, REUTERS, Rights, Police, China, Financial Wealth Management, Evergrande's Shenzhen, Reuters, HK, Thomson Locations: China, Shenzhen, Guangdong province, Rights BEIJING, China's

☆ Australian defence minister in Solomon Islands for security talks
▼ + stars: | 2023-06-28 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

Richard Marles, on his first visit to the Solomon Islands as defence minister, was also expected to meet members of the Solomon Islands International Assistance Force, which includes Australian police deployed in 2021 at Sogavare's request to quell anti-government riots. Marles, in comments before he arrived in the capital, Honiara, said Australia's partnership with Solomon Islands was "more important than ever". Australia is a major aid donor and has a decades-long security relationship with the Solomon Islands. Chinese police have taken an increasing role in training and equipping the Royal Solomon Islands Police Force in recent months, the force has indicated in statements. Solomon officials said Marles would meet Sogavare after a meeting with Foreign Minister Jeremiah Manele.

Persons: Manasseh Sogavare, Richard Marles, Sogavare, Xu Qu, Solomon, Marles, Jeremiah Manele, Kirsty Needham, Robert Birsel Organizations: SYDNEY, Pacific, Solomon, International Assistance Force, Australian, Royal Solomon Islands Police Force, Pacific Games, China Police, Thomson Locations: Solomon, China, Solomon Islands, Honiara, Australia, Canberra, Washington

☆ China police out in numbers to prevent more COVID protests
▼ + stars: | 2022-11-29 | by ( Eduardo Baptista | ) www.reuters.com time to read: +4 min

[1/3] Epidemic-prevention workers in protective suits stand guard at a residential compound as outbreaks of coronavirus disease (COVID-19) continue in Beijing, China November 28, 2022. Simmering discontent with COVID prevention policies three years into the pandemic ignited into broader protests in cities thousands of miles apart throughout the weekend. COVID in China keeps spreading despite significant sacrifices made by most of the country's 1.4 billion people to prevent its transmission, adhering to a zero-COVID policy of eradicating all outbreaks that has isolated China from the rest of the world. The lockdowns have exacerbated one of the steepest growth slowdowns China has faced in decades, disrupting global supply chains and roiling financial markets. In Hangzhou, the capital of the eastern Zhejiang province, videos on social media which Reuters could not independently verify showed hundreds of police occupying a large public square on Monday night, preventing people from congregating.

Search resuls for: "China Police"

5 mentions found