Diplomat Risk Intelligence,
The Diplomat’s consulting and analysis division. Learn more here
In this July 20, 2018, file photo, a deliveryman stands near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing.
Credit: AP Photo/Mark Schiefelbein
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Over the past few months, the Chinese government has made critical efforts to quash its $12.9 trillion shadow banking system and slowly break up its most influential business conglomerates. Last Wednesday, the China Banking and Insurance Regulatory Commission made public a notice ensuring that companies would become regulated on a trial ranking system. This regulation comes on the back of the last-minute block of Ant Group’s planned November IPO – set to be the largest IPO in world history – and Alibaba co-founder and tech giant Jack Ma’s subsequent unexplained disappearance from public life. The Chinese government is clearly encouraging the consolidation of smaller co
Hong Kong-based cultivated meat biotechnology start-up Avant has developed a collagen ingredient from its cell cultivation technology, hoping to commercialise it for cosmetics use by early 2022.
Hong Kong-based cultivated meat biotechnology start-up Avant has developed a collagen ingredient from its cell cultivation technology, hoping to commercialise it for cosmetics use by early 2022.