China Probes Another Conglomerate With Overseas Media Ambitions

Rosneft Chinese investor brought to trial

Rosneft Chinese investor brought to trial

Reports of the probe surfaced Thursday in Chinese financial investigative publication Caixin. The company's CEO is also one of President Zeman's advisors.

The founder and chairman of CEFC, Ye Jianming, is under investigation by the Chinese authorities.

China Lianhe said it was downgrading CEFC Shanghai International Group's long-term issuer rating "on the basis that this matter may significantly affect the future development" of the company, referring to the reported investigation of Ye.

CEFC is active in the Czech Republic where it has assets worth 1.5 billion euros.

"To protect against unusual fluctuations in the price of outstanding bonds, and in accordance with relevant regulations of the Shanghai Stock Exchange, (trading of) these bonds will be suspended from March 1", the statement said. With share listings on both the Shenzhen and Hong Kong stock exchanges, CEFC is now contracted to pay $9 billion for a 14% stake in Russian energy giant Rosneft.

"We have noticed the irresponsible report certain media have regarding Mr. Ye Jianming", the company said in a statement issued today.

Notícias recomendadas

  • No change in stand on Dalai Lama

    No change in stand on Dalai Lama

    It is very sensitive time for Indo-China relations, says directions by the Central government. The issue of Dalai Lama has been a constant source of discomfort between India and China.
    Russian athletes shine at World Indoor Championships

    Russian athletes shine at World Indoor Championships

    Dibaba, who won the event in 2014 and 2016, clocked eight minutes and 45.05 seconds, ahead of Dutchwoman SHassan in 8:45.68 and Britain's Muir in 8:45.68.
    First sustainable Lego pieces to go on sale

    First sustainable Lego pieces to go on sale

    It has also introduced sustainable paper pulp trays for its advent calendar, with the aim of reducing plastic waste from going to landfill.
  • WWE Hall of Famer Tammy 'Sunny' Sytch Arrested

    WWE Hall of Famer Tammy 'Sunny' Sytch Arrested

    Sunny is still now being held in custody at the Monmouth County Sheriff's Office on a $6,000 bond. That is not really an exaggeration either, her record is as long as her WWE career.
    Eating disorder orthorexia not commonly recognized

    Eating disorder orthorexia not commonly recognized

    Stigma and stereotypes, especially amongst LGBTQ youth, make this a hard issue for some to talk about and seek help for. Drawing the line between a healthy vigilance surrounding one's eating habits and disordered eating can be complicated.
    Sidão é desfalque no gol do São Paulo

    Sidão é desfalque no gol do São Paulo

    Sem Sidão , o São Paulo venceu o confronto com o CRB por 2 a 0 e abriu vantagem no confronto da terceira fase da Copa do Brasil. Enquanto isso, a tendência é de que Jean siga na equipe titular do Tricolor.
  • Talk of Indian role in Atwal controversy 'baseless'

    Talk of Indian role in Atwal controversy 'baseless'

    Having a career civil servant peddle a conspiracy theory to try to save face after an embarrassing junket is bad enough. Atwal was convicted for the 1986 attempted murder of a prominent Indian politician that Sikh extremists wanted to kill.
    Jennifer Lawrence Responds to Brad Pitt Dating Rumors

    Jennifer Lawrence Responds to Brad Pitt Dating Rumors

    Lawrence and Aronofsky began dating in September 2016, and made their relationship public about a year ... during photocall mother! actress on Monday's of WTF Marc podcast she loves 49-year-old director. "Every I through breakup, it's like heart isn't broken", said the time. "I love very much".
    Thousands of power outages already as high winds have only just begun

    Thousands of power outages already as high winds have only just begun

    The high pressure ridge northeast of the islands will slowly weaken as the low to the west drifts slowly north. Winds from the northwest will be 22-28 miles per hour with gust as high as 48 miles per hour .
  • Decreto acaba com limite de financiamento dos partidos

    Decreto acaba com limite de financiamento dos partidos

    Os deputados aprovaram hoje a Lei do Financiamento dos Partidos, mas sem alterações no regime do IVA. Tanto CDS como PSD, BE e PAN tinham, aliás propostas no sentido de voltar à lei original.
    BTS' J-Hope releases first mixtape 'Hope World'

    BTS' J-Hope releases first mixtape 'Hope World'

    Aside from recording such figures on YouTube and SoundCloud, J-Hope also dominated the iTunes Album Chart with Hope World . J-Hope became the third BTS member to drop a mixtape after RM in 2015 and Suga in 2016.
    Ayatollah Khamenei calls Assad example of resistance

    Ayatollah Khamenei calls Assad example of resistance

    Iran's supreme leader Ayatollah Ali Khamenei praised Syrian President Bashar Assad for his "resistance" after seven years of ongoing war.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.