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Tag: China

China accuses ex-Interpol chief of bribery, other crimes

China accuses ex-Interpol chief of bribery, other crimes

World
Chinese authorities said Monday they are investigating the former president of Interpol for bribery and other crimes and indicated that political transgressions may have also landed the Chinese official in trouble. In a statement posted on a government website, the authorities said Meng Hongwei, China's vice minister for public security, was being investigated due to his own "willfulness and for bringing trouble upon himself." It elaborated on a terse announcement late Sunday by an agency of the ruling Communist Party that investigates graft and political disloyalty that said that Meng was suspected of unspecified legal violations. Meng is now the latest high-ranking official, and one with an unusually prominent international standing, to fall victim to a sweeping crackdown by the ruling...
Interpol asks China for status of its missing president

Interpol asks China for status of its missing president

World
Oct. 6 (UPI) -- Interpol said Saturday that it has requested notification from China of the status of its missing president. Meng Hongwei, 64, was elected president of Interpol in 2016 to serve until 2020. He also serves as a vice minister of public security in China, but he lives in Lyon, France, where Interpol is based, with his wife and children. His family members last heard from him before he left for China on Sept. 29. "Interpol has requested through official law enforcement channels clarification from China's authorities on the status of Interpol President Meng Hongwei," Interpol Secretary General Jurgen Stock said in a statement posted to Twitter. "Interpol's General Secretariat looks forward to an official response from China's authorities to address concerns over the President's...
China 'put tiny chips in US PCs to steal tech secrets'

China 'put tiny chips in US PCs to steal tech secrets'

Business
Tiny chips inserted in US computer equipment manufactured in China were used as part of a vast effort by Beijing to steal US technology secrets, according to Bloomberg. Apple and Amazon have distanced themselves from claims that they were among US companies targeted by the Chinese hackers.Bloomberg reported that the chips were inserted in computer motherboards manufactured in China for US-based supplier Super Micro Computer.It said dozens of large US firms and agencies were using the hardware - but Amazon first discovered the chips, the size of a grain of rice, during a security review it ordered after buying a software firm called Elemental three years ago.Bloomberg said the retail-to-cloud computing company alerted US authorities at the time, resulting in an inquiry and a...
Closely watched China Renaissance IPO crumbles in first day of trade

Closely watched China Renaissance IPO crumbles in first day of trade

Finance
Hot on the heels of Chinese hotpot chain Haidilao's debut yesterday, Hong Kong Exchanges and Clearing held another highly anticipated initial public offering with the debut of investment bank China Renaissance. The company, which counts Alibaba-affiliated payments giant Ant Financial as one of its cornerstone investors, was expected to raise approximately $ 346 million after pricing at 31.80 Hong Kong dollars (approximately $ 4.07) per share. As of the market close at 4 p.m. HK/SIN, China Renaissance's stock was at 24.7 Hong Kong dollars per share, falling approximately 28.7 percent from the debut price. ...
'Don't want me': Trump says China is interfering in US midterms

'Don't want me': Trump says China is interfering in US midterms

World
Donald Trump has accused China of attempting to "interfere" in the US midterm elections because they don't want him to win. The US president did not offer any details to support the claim.Mr Trump, who was chairing the UN Security Council for the first time, said: "They do not want me, or us, to win because I am the first president ever to challenge China on trade, and we are winning on trade."We are winning at every level."We don't want them to meddle or interfere in upcoming (elections)." Image: US President Donald Trump speaks as he chairs a UN Security Council US officials have not immediately responded to requests for comment after Mr Trump's claims.A representative from China who attended the meeting could be seen coughing into h...