News

China regulators ban surgery loans

Published

5 years ago

August 12, 2021

Chinese regulators have barred cosmetic surgery loans from structured debt products

It signals a warning shot for the nation’s large plastic surgery industry.

Both the Shanghai and Shenzhen stock exchanges have allegedly banned consumer debt that’s linked to cosmetic procedures.

The rule applies to new issues according to sources at Bloomberg.

It follows China’s booming cosmetic surgery industry under government scrutiny.

The industry has tripled in value in recent years

Many of the clients are younger people who can see what they would look like through smartphone apps.

The government has had the industry in its sights for a while, in particular, the estimated 60,000 clinics and 150,000 doctors who were operating without official licences as of 2017, according to Daxue Consulting.

Two months ago, the National Health Commission and several other government departments announced plans for a crackdown on illegal cosmetic surgery services in 2021, and the National Internet Finance Association of China issued a notice prohibiting financial institutions from co-operating with illegal cosmetic surgery institutions.

Spokespersons from the Shanghai and Shenzhen stock exchanges didn’t immediately respond to e-mailed requests for comment.

News

Trump weighs U.S. role in Iran as Middle East conflict escalates

Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.

Published

4 hours ago

March 5, 2026

Harvey Vargas

Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.

President Trump is consulting with top advisers on how the U.S. should respond once the conflict in Iran subsides. Decisions on military, diplomatic, and regional strategies are reportedly being finalised amid the ongoing conflict.

Meanwhile, Iran has targeted multiple regional sites while Israel intercepted a jet fighter over Tehran, signalling a dangerously volatile situation. International concern grows as conflicts risk wider escalation.

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News

U.S. submarine sinks Iranian warship near Sri Lanka

U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.

Published

4 hours ago

March 5, 2026

Harvey Vargas

U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.

A dramatic video showing the sinking of an Iranian warship has been released by the United States, escalating tensions in an already volatile region. While the exact date and full details of the footage remain unverified, the images have quickly gone viral across global platforms.

U.S. Department of War Secretary Pete Hegseth confirmed that a U.S. submarine was responsible for sinking the Iranian vessel off the southern coast of Sri Lanka. The development marks a significant flashpoint in maritime security across the Indo-Pacific.

Sri Lanka’s Foreign Minister identified the ship as the IRIS Dena, raising fresh geopolitical questions about Tehran’s naval movements and Washington’s strategic response.

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