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China Extends Gold Buying With Fresh Flows to Central Bank
China reported an increase in its gold reserves for a second straight month, topping up holdings again after its first reported purchase in more than three years.
The People’s Bank of China raised its holdings by 30 tons in December, according to data on its website on Saturday. This follows November’s addition of 32 tons, and brings the nation’s holdings to a total of 2,010 tons. Central bank purchases of bullion hit a record in the third quarter of last year at almost 400 tons, with only a quarter going to publicly identified institutions, according to World Gold Council’s demand trends report. China’s disclosure of its gold buying sheds some light on the identity of these mystery buyers. Market-watchers speculate Russia could be another purchaser. China had previously been infrequent in reporting its reserves. November’s 32-ton addition was the country’s first reported inflow since September 2019. Prior to that, the last previous addition was in October 2016.
https://www.bnnbloomberg.ca/china-extends-gold-buying-with-fresh-flows-to-central-bank-1.1866848
They have wayyy moar…these are 'official' #s
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Jack Ma relinquishes control of Ant Group
Shareholding adjustments remove most voting rights; 50% share falls to 6.2%
China' Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights. Ma previously possessed more than 50% of voting rights at Ant but the changes means that his share falls to 6.2%, according to Reuters calculations. While Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, he exercised control over the company. Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed.
https://economictimes.indiatimes.com/tech/technology/jack-ma-relinquishes-control-of-ant-group/articleshow/96805795.cms