China keeps pressure on Cambodia to target cross-border fraud and trafficking

“Recent incidents involving Chinese nationals going missing or disappearing in Cambodia have drawn China’s close attention,” a Chinese foreign ministry statement on Saturday quoted Wang as saying. Advertisement “The frequent occurrence of such cases runs counter to the traditional friendship between China and Cambodia,” Wang told Foreign Minister Prak Sokhonn and his interior counterpart, Sar Sokha. Chen, the Cambodian-Chinese founder and chairman of Prince Group, was sent back to China in a joint operation, accused of a range of illegal activity, including opening a casino, fraud, illegal operations and concealing…

Scam and corruption cases spark debate in China over cryptocurrencies’ future

The seizure of enormous cryptocurrency caches in two high-profile criminal cases in China – a former head of the central bank’s digital currency research institute accused of corruption, and an alleged scam centre kingpin linked to about US$15 billion in bitcoin – have sparked questions in the country about the safety and future of virtual money. But analysts said the long-term trend for the assets, especially bitcoin, depended on institutional capital, interest rate expectations and the likelihood of the United States’ Digital Asset Market Clarity Act being signed into law…

China blocks Nvidia H200 AI chips that US government cleared for export – report

Suppliers of parts for Nvidia’s H200 have paused production after Chinese customs officials blocked shipments of the newly approved artificial intelligence processors from entering China, according to a report. Reuters could not immediately verify the report, which appeared in the Financial Times citing two people with knowledge of the matter. Nvidia did not immediately respond to a Reuters request for comment made outside regular business hours. Nvidia had expected more than one million orders from Chinese clients, the report said, adding that its suppliers had been operating around the clock…

Brussels in move to bar Chinese suppliers from EU’s critical infrastructure

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is to propose phasing out Chinese-made equipment from critical infrastructure in the EU, barring companies such as Huawei and ZTE from telecommunications networks, solar energy systems and security scanners, according to officials.  The move comes as the EU revamps its security and tech policy by rethinking its dependence on big US tech companies as well as Chinese “high-risk” suppliers, which some officials fear could be used to collect sensitive…

David Webb, Hong Kong corporate governance activist, 1965-2026

Stay informed with free updates Simply sign up to the ESG investing myFT Digest — delivered directly to your inbox. Before his 18th birthday in 1983, David Webb wrote a book on how to programme a ZX Spectrum, one of the UK’s earliest mass market home computers. In his foreword, Webb thanked his parents for “seventeen years of unbelievable tolerance” as well as his teachers “for ignoring the slight absence of homework on the five A-levels and two S-levels for which I was studying while writing this book.” His publisher…