Here's a great translation and commentary from the Siweiluozi blog regarding a 2009 Supreme People's Court directive to lower courts on "internet management" (i.e., censorship). In a typical case, a user posts something on the internet, perhaps on a blog…

Police have warned the public to beware of online fraud, saying 13 Internet banking deception cases were recorded in the first four months of this year, compared to just five last year.

The deception cases involved $9.66 million. In most of the cases, the victims were asked to transfer money to overseas or Mainland accounts.

Fraudulent emails purporting to be sent from banks were sent to the victims, asking them to open attachments, which contained viruses to infect their computers.

The fake websites look similar to the banks' online banking logon webpage, and ask customers to enter their username and password.

Police urge the public not to open unexplained emails and attachments, and to install anti-virus software. People should contact their banks if they are in doubt when logging into Internet banking websites.

Global private-equity firm TPG is looking to exit Chinese equipment leasing company, UniTrust Finance & Leasing Corp., in a potentially profitable trade sale. Founded in 2004, Shanghai-based UniTrust could be valued at more than $800 million. TPG first acquired 50% of UniTrust in 2008 at the depth of the financial crisis. In a complicated deal, […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The number of Chinese high net worth individuals (HNWIs), defined as individuals with at least RMB10 million ($1.6 million) in investable assets, grew to more than 700,000 at the end of 2012, more than doubling since the end of 2008, according to the China Private Wealth Report 2013 co-authored by Bain & Company and China […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.