The Crypto Mogul Who’s Got the Ear of China’s Central Bank

Leon Li is the rarest of Chinese crypto magnates — one who’s won Beijing’s backing. The founder of Huobi Group is now set to play a pivotal role in China’s effort to build a homegrown crypto-industry. The former Oracle Corp. coder, who started one of the world’s largest Bitcoin exchanges six years ago, enjoys unusual access to China’s central bank and government officials thanks to methodical … https://bloom.bg/2v6qbhT

Scandal-Plagued Analyst Contest Halted as China Cracks Down

Chinese regulators finally lost their patience with the shenanigans surrounding the country’s biggest competition for research analysts. Days after video of staff from one brokerage raucously partying with a client went viral, 30 securities firms responded to pressure from authorities to pull out of the country’s New Fortune rankings, people with knowledge of the matter … https://bloom.bg/2OIyNAf

China Sets Share-Swap Limits for London-Shanghai Stock Link

China published proposed rules for the link between stock exchanges in London and Shanghai, outlining how the long-discussed project will work in tandem with the country’s capital controls. Companies seeking to take part will need to meet thresholds including a minimum value, and there will be limits on how many securities can be issued and how they’ll be traded between … https://bloom.bg/2NcRsqe