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China kicks off new Shanghai tech board as it tests new ways to improve volatile stock market

China kicks off new Shanghai tech board as it tests new ways to improve volatile stock market

Finance
Chairman of the China Securities Regulatory Commission Yi Huiman presides over the launch ceremony of the SSE STAR Market or its Nasdaq-style tech board during the 11th Lujiazui Forum 2019 on June 13, 2019 in Shanghai, China.Zhang Hengwei | China News Service | VCG via Getty ImagesChina is trying again to boost the credibility of its volatile stock market.On Monday, China launched a new Nasdaq-style tech board — the Science and Technology Innovation Board, or "STAR Market" — on which 25 companies were listed, as the country attempts to address investor concerns like market volatility and lack of governance.China boasts the world's second-largest equity market, just behind the U.S. More foreign capital is expected to flow into mainland Chinese stocks with their inclusion in major investmen
Europe stocks reverse gains despite China data meeting expectations; Galapagos up 17%

Europe stocks reverse gains despite China data meeting expectations; Galapagos up 17%

Finance
European stocks erased early gains on Monday, amid worries that China's economy is slowing due to a trade war with the U.S.European Markets: FTSE, GDAXI, FCHI, IBEXThe pan-European Stoxx 600 traded 0.3% lower by mid-morning. Telecoms stocks led losses with a 0.9% decline while autos added 0.6% as one of only two sectors trading in positive territory.Traders kept a close watch on the latest economic figures out of China. The country posted second-quarter figures on Monday that showed its economy grew 6.2% in the second-quarter, at its slowest pace in 27 years. Still, China's GDP (gross domestic product) growth was in line with expectations, and data for industrial production, retail sales and fixed-asset investment came in above analyst expectations.Chinese stocks got a boost from the fresh...
China urged to end mass Xinjiang detentions by countries at UN

China urged to end mass Xinjiang detentions by countries at UN

World
More than 20 countries at the UN Human Rights Council have signed a joint letter criticising China's treatment of ethnic Uighurs in the Xinjiang region.UN experts and rights groups say China is holding about one million Uighurs and other Muslims in detention camps. China claims that Uighurs are being educated in "vocational training centres" designed to combat extremism.The unprecedented statement was signed by the ambassadors of 22 countries including Britain, Canada and Japan. Media playback is unsupported on your device The letter cites reports of "large-scale places of detention, as well as widespread surveillance and restrictions, particularly targeting Uighurs and other minorit...
Facial recognition in China ‘spot on’ – Met Police Federation

Facial recognition in China ‘spot on’ – Met Police Federation

Technology
By Rowland Manthorpe, technology correspondent Facial recognition in China is "absolutely correct" and "spot on", the head of the Metropolitan Police Federation has said, calling for it to be deployed in London "on a 24-hour basis".Ken Marsh, who is chairman of the Metropolitan Police staff association, said he believed the "fantastic" technology could be used to catch criminals and terrorists. Mr Marsh gave the example of the 2017 London Bridge attack, when police lost track of the terrorists in the aftermath of the killings.He said: "Facial recognition, if it was pointed in certain areas in London on a 24-hour basis, could pick these individuals up… if we could have stopped that I'm all for this."The Chinese government has invested heavily in facial