(Bloomberg) — China’s central bank pledged to immediately implement new lending rules to cool real-estate speculation and one of its policy advisers said the market is having its “last madness.”The central bank commented in a statement on its Web site last night. Li Daokui, a newly appointed academic adviser to the monetary policy committee, spoke in an interview broadcast by state television on April 15.Asset-price bubbles inflated by a credit boom could derail the recovery of the world’s fastest-growing major economy, which expanded 11.9 percent in the first quarter from a year earlier.
Posts Tagged ‘Local Authorities’
China’s Rules to Curb Property ‘Madness’ Will Take Effect Now
April 17th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Academic Adviser, Asset Price, Benchmark Rates, Bloomberg Television, Central Television, Cheung Kong Holdings, Cheung Kong Holdings Ltd, Chinese Property, Credit Boom, Justin Chiu, Li Ka Shing, Local Authorities, Monetary Policy Committee, Mortgage Rates, Policy Advisers, Price Bubbles, Real Estate Speculation, Shanghai Comp, State Television, Television Interview 
Comments OffAllen Stanford stripped of his knighthood
November 3rd, 2009 Before You Invest Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda, the head of the government panel that approves the awards said Monday.The National Honors Committee voted unanimously to revoke Stanford’s title for embarrassing the nation by running an alleged Ponzi scheme out of his Antigua-based offshore bank, Chairwoman Jacqui Quinn-Leandro said.Stanford, once a benefactor of the Antiguan government, is in jail in Texas awaiting charges for allegedly defrauding some 28,000 investors out of $7 billion by selling them what U.S.
Posted in Finance Fraud Tags: Baldwin Spencer, Bank Ltd, Caribbean Nation, Certificates Of Deposits, Cricket Stadium, Disrepute, Financial Institutions, Government Panel, Honors Committee, Knighthood, Local Authorities, Member Of Parliament, Members Of Parliament, Offshore Bank, Ponzi Scheme, Private Employer, Public Announcement, Queen Elizabeth, Queen Elizabeth Ii, R Allen No Comments »As Hacking Hits Home, China Strengthens Cyber Laws – cio.com – 11 May 2009
May 14th, 2009 Before You Invest A year ago, when a Time Magazine reporter told Tan Dailin that he’d been identified as someone who may have hacked the Pentagon, he gasped and questioned, “Will the FBI send special agents out to arrest me?”A year ago, when a Time Magazine reporter told Tan Dailin that he’d been identified as someone who may have hacked the Pentagon, he gasped and questioned, “Will the FBI send special agents out to arrest me?” The answer, it turns out, was, “No, the Chinese government will.”Dailin, better known in Chinese hacker circles as Withered Rose, was reportedly picked up last month in Chengdu, China, by local authorities.
Posted in Finance Fraud Tags: Canterbury Christ Church, Canterbury Christ Church University, Chengdu China, Chinese Hacker, Christ Church University, Computer Crime, Computer Crimes, Cyber Law, Cyber Laws, Cybercrime, Dailin, E Mail, Electronic Security, Inadequacies, Local Authorities, Mail Interview, Senior Lecturer, Social Harm, Stages Of Development, Time Magazine Reporter No Comments »Arthur G. Nadel accused of defrauding investors out of millions is missing
January 20th, 2009 Before You Invest Florida hedge fund manager accused of defrauding investors out of millions is missing and his family is worried because he left a note indicating he was “distraught,” police said Saturday.Authorities were interviewing investors and looking into claims that Arthur G. Nadel stole from them, said Sarasota Police Capt. Bill Spitler.
Posted in Finance Fraud Tags: Capt Bill, Central Gulf Coast, Fraud Investigation, General Partner, Hedge Fund Manager, Hedge Funds, Local Authorities, Management Inc, Office Spokesman, Peg, Police Capt, Sarasota County Sheriff, Sarasota Herald Tribune, Sarasota Police, Scoop, Securities Exchange Commission, Spitler, Vice Chair, Wednesday Morning, Ymca No Comments »
Chinese Hackers Hit Official Web Site Over Prisoner’s Death – foxnews.com – 26 Feb 08
BEIJING — Chinese Internet users, questioned to probe the death of a man in custody who police say ran into a wall playing hide-and-seek blindfolded, repaid the local government’s faith by hacking into its Web site and leaving bizarre messages.Authorities in the southwestern province of Yunnan invited Internet users last week to investigate the death of Li Qiaoming, 24, who died from a severe brain injury days after being sent to hospital from a detention center in Jinning county.The death of Li, arrested for cutting down trees, had been widely questioned online.• Click here for FOXNews.com’s Personal Technology Center.• Got tech questions? Question our experts at FoxNews.com’s Tech Q&A.Internet users hacked into the Jinning government Web site on Tuesday, state media reported, replacing links with a series of odd phrases.”Push-ups, buying sauce, hide-and-seek, the three master works of the martial world,” the phrases said, repeated a number of times, according to report carried on Xinhua news agency’s Web site.No explanation was provided.Yunnan authorities have come under fire from media commentators and legal experts who have branded the investigation as shambolic and questioned its legality.An investigation team including journalists and Internet users had submitted a 7,000-word report to authorities after touring the detention center and speaking with inmates this week, the China Daily said.But the report did not shed any new light on the case, angering other Internet users who described it as “meaningless,” the paper said.Li’s father had received 1,000 yuan ($145) in “consolation money” from local authorities, the Beijing News said in a separate report.The paper quoted a Yunnan propaganda official as saying the investigation could yield a result “this week at the earliest.”