# financial regulation
Latest news and articles about financial regulation
Total: 6 articles found
From G‑20 Ouster Threats to a J‑20 Model: Washington’s Financial Ultimatum and Beijing’s Iran Signal
A near‑unanimous US House vote threatened to remove China from six international bodies if it attacked Taiwan, a move that signals bipartisan hardening in Washington and shifts the contest into the realm of financial governance. Beijing answered with a political gesture toward Iran and vows to deepen ties in 2026, underscoring how both powers are using institutional leverage and symbolic diplomacy to prepare for prolonged strategic competition.
Shenzhen Moves to Quash Online Gold Scams — Bans Hype, Apps and Pre‑Pricing Schemes
Shenzhen has issued a public notice banning illegal gold pre‑pricing schemes, leveraged and deferred trades, misleading online marketing and the development or support of unlawful gold‑trading apps. The move targets tech‑enabled distribution channels and warns banks and payment firms to refuse service to illegal operators while pointing retail investors toward authorised gold ETFs, futures and physical purchases through accredited sellers.
A Staggering Human Error Rocked Crypto Markets: Bithumb’s ‘Unit Mistake’ and the Fragility of Exchange Custody
A unit‑entry error at Bithumb turned routine promotional payouts into an apparent 620,000 BTC airdrop, briefly creating nominal balances worth tens of billions of dollars and triggering a market dip. Most coins were frozen and reclaimed; regulators have launched on‑site inspections and Bithumb has pledged full compensation to affected users while promising tighter controls.
Platforms Bolt the Door: China Permanently Bans Finance Influencer in Crackdown on Off‑Channel Fund Sales
Ant Fortune and Douyin permanently banned a popular finance influencer known as “Little Sheep” for alleged illegal fund sales, following an earlier muted suspension on another platform. The action highlights Beijing’s stepped‑up enforcement over online fund distribution and signals stricter platform responsibility for financial promotions.
Xi Maps a State‑Led Road to a ‘Financial Power’: Stability, Party Control and Global Ambitions
In a Qiushi essay, Xi Jinping outlines an eight‑point framework for building China into a global financial power that blends market reforms with firm Party leadership. The plan lists the institutional elements of financial strength — from an internationally used currency to robust regulation and talent — while insisting that development remain politically guided and risk‑averse.
Shenzhen ‘Private Gold’ Scheme Freezes Withdrawals as Investors Face Billion‑Yuan Losses
A Shenzhen‑based private gold platform, Jieworui, has frozen withdrawals and offered investors steep haircuts, leaving potential claims exceeding 100 billion yuan and tens of thousands affected. The product was a high‑leverage, social‑media‑distributed ‘lock‑price’ scheme that failed when rising gold prices overwhelmed the operator’s liquidity, prompting regulatory scrutiny and potential criminal probes.