China First Domestic Corporate Bond Default: zerohedge, bloomberg

Added bloombergs The company said on March 4 it will only be able to pay 4 million yuan ($653,990) of an million yuan coupon due today on the notes. Chaori Solar may become China’s own “Bear Stearns moment,” prompting investors to reassess credit risks as they did after the securities firm was rescued in 2008, according to Bank of America Corp. “We may see other bonds default this year,” said Li Ning, a bond analyst in Shanghai at Haitong Securities Co., the nation’s second-biggest brokerage. “If it’s a…
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What is Going on in China? Why is China gobbling up all the Bitcoins?

Open up fiatleak and let it run for a while, you will see everything is going to china Almost 97% of bitcoin activity in a 2 hour period had gone into China. Is this institutional and government activity in China? Will they be doing to Bitcoin what they did for Gold prices, taking it down so they can buy more at low prices in anticipation of the endgame? Mt Gox exchange shutdown sparks Chinese bitcoin gold rush Chinese investors rushed to buy bitcoin, seeing it as potentially undervalued,…
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China Press coins name for Social Network Sequel: The Social Experiment Bitcoin

“比特币实际上是一场社会实验” Bitcoin really is one large Social Experiment “比特币实际上是一场社会实验” 政策尚不明朗,从业人员仍对未来发展抱有梦想 本报记者 郭奎涛 实习记者 潘博 被炒的热火朝天的比特币在中国一再遭受重创。 ... 11月20日,中国人民银行副行长易纲在某论坛上首谈比特币时指出,从人民银行的角度,近期不可能承认比特币的合法性。但他同时表示,比特币作为一种互联网上的买卖行为,普通民众拥有参与的自由。 “根据《人民币管理条例》,禁止制作和发售代币票券。Q币等虚拟货币还是在2009年纳入规定的,不过使用范围局限于网络产品,以避免对现实金融秩序的冲击,比特币与实体店、实体商品的交易,显然触及了这个红线。”互联网律师赵占领表示。 日前,央行连续的发文和约见再次表明,比特币在中国成为法定货币的梦想已经落空。   Q币 is Qcoin 比特币作为一种互联网上的买卖行为,普通民众拥有参与的自由: Bitcoin as a form of internet trade/commerce, is something that people can freely partake and participate in. 近期不可能承认比特币的合法性: PBOC does not recognize bitcoin as a currency   今年9月以来,哈尔滨、北京等地已经出现接受比特币支付的实体店,百度、电信等互联网服务公司也推出了相关业务,更为比特币接入这些公司的互联网服务提供了可能。 (the past bitcoin acceptances in china, most of them would not exist anymore) 玩家等待后续规定 徐明星还告诉《中国企业报》记者,比特币实际上是一场社会实验,是实验就有成功或者失败的可能,但无论比特币将来在中国何去何从,他对于全世界经济如何发展以及金融体系如何构建都有很多值得借鉴的地方。
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China Watch: ICBC China Credit Trust Bailout, May stoke shadow banking risks, China Foreign Reserves Chief Departs

China CDS down on bailout news LGFV: Local Govt Financing Vehicles The cost of insuring China’s bonds against non-payment fell the most since September and debt linked to municipalities gained after the bailout of a troubled trust product averted a default that may have spooked markets. Credit-default swaps protecting Chinese sovereign bonds for five years slid nine basis points, or percentage points, to 96 yesterday in New York, according to data provider CMA. The average yield on five-year notes rated AA, the most common grade for so-called local-government…
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Baker Mckenzie on Bitcoin (China Daily HK, Bill Fuggle Sydney) via Quarebeta

There is a bitcoin and law mentions compilation via Quarebeta: Baker & Mckenzie on Bitcoin From China Daily, Asia Weekly, we have some words from a partner at Baker on bitcoin “It is difficult to say what bitcoin is from a legal perspective,” says Bill Fuggle, a partner at international law firm Baker & McKenzie, who specializes in financial markets and has worked with bitcoin players.   One approach to regulate it would be to change the definitions of what a financial instrument is, and make them broad…
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Bitcoin Roller Coaster as Zerohedge Gray Sticky: Bitcoin Crashes, Loses Half Of Its Value In Two Days

Plenty of bitcoin on zerohedge these days: Zerohedge: Bitcoin Crashes, Loses Half Of Its Value In Two Days It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts from Bank of America, Citigroup and others, not to mention the clueless momentum-chasing, peanut gallery vocally flip-flopping on the "currency" after hating it at $200 only to love it at $1200 that would promptly crash. And crash it did: overnight, following previously reported news that China's Baidu would follow the PBOC…
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Have Bitcoin, will Travel, local english and chinese coverage on Life on Bitcoin’s Bitcoin World Tour and final pitstop in Singapore and roundup

(want to read about the bitcoin conference in Singapore?) Just a few days ago on the friday that has passed (1st of November), the Craig couple (or bitcoin couple) have spent the past 100 days, crossing continents, countries, sovereigns, jurisdictions without spending dollars or fiat. They've made their way from Utah, America to Stockholm, Sweden to Berlin, Germany to Singapore, Singapore. The bitcoin couple's blog: The kickstarter was to pay for the film crew, where they will be handling the documentary of their pretty incredible journey. Proof of…
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Korea’s SKT takes 3-0 against China’s Royal Club to win LoL World Championship and $1million USD

At Tencent, a New Lawyer's first task may well be to play some games (such as LoL?) South Korea's SKT just won the League of Legends world championship with its $1million dollar prize, taking 3-0 against China's RYC, who will still be taking home a respectable $250k usd. you can search for their replays via their official channels on twitch and youtube There's also the short animation they made for the championships Would be interesting to see if Korea can extend their game past LoL and into Dota…
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DK v IG WPC Ace League Bo2 2 Oct 2013

What a way to open October! The highly anticipated matchup between the two china teams DK and IG just took place! Both teams are the only ones to have not dropped a match in the league until today. --- Updated with Post Match Interview   They begun with how they got into gaming, with Burning having started early on (2008 debut), and going through the team. Mushi on China, he loves everything but isn't used to the food Iceiceice on China, he finds crossing the roads very dangerous,…
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