Virtual currency offerings illegal, should be banned: insider

Initial Coin Offerings (ICOs) are “basically equal to illegal financing and should be banned as soon as possible,” according to a regulatory official quoted by Financial News, a Chinese-language newspaper run by China’s central bank. Commenting on Chinese media reports about a China Securities Regulatory Commission clampdown on ICO-related fraud and the Chinese central … http://bit.ly/2gtX6oY

Horse riding graduates get off to a good start

New majors offer a leg-up for those entering the fast-paced equine industry. A historic high of 7.95 million university graduates will join the jobs market this year. While some are struggling to find work, those with horse riding-related majors from Wuhan Business University are at ease. All of the 150 graduates secured jobs up to six months before they graduated in June. … http://bit.ly/2wNjPCL

Kweichow Moutai sold for RMB 1,299, supply shortage leading to Chinese Mid-Autumn Festive and National Day holiday

Kweichow Moutai, the best-known high-end Chinese liquor, has witnessed rising demand and a supply shortage in the weeks leading up to the Mid-Autumn Lantern Festival and the National Day holiday. A 500ml bottle of Moutai’s classic Feitian 53 percent liquor has been selling for as much as 1,299 yuan ($195) on http://www.JD.com, one of China’s leading online shopping platforms. … http://bit.ly/2whSNmQ