China Financial News
10.04 / 17:33
10.04 / 16:01
UPS
Maxim
Manufacturing
500
That $7,500 electric vehicle tax credit may soon be harder to get. Here are 2 workarounds
It may soon be tougher for consumers to get a $7,500 federal tax credit when buying a new electric vehicle, due to U.S. Department of the Treasury rules set to take effect in about a week.
10.04 / 15:31
business
Blockchain
Huobi
Returns
Crypto exchange Huobi returns to profitability in Q1 after restructuring
According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures were taken to reduce costs and increase efficiency" during the quarter. For Q2 2023, he projects the exchange will bring $187 million in revenue and $76 million in expenses, with a net income of $110 million.
10.04 / 12:15
business
Blockchain
Supply Chain
Hong Kong takes the lead in blockchain logistics after Maersk TradeLens demise
After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.
10.04 / 11:47
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
10.04 / 07:29
UPS
Citi
Digital
Platform
Action
Chinese state company launches crypto funds
It has been claimed that a large state-owned corporation in China would be creating new cryptocurrency funds, which indicates the company has a more optimistic position on the sector than was previously believed. According to a local news outlet that focuses on technology, 36Kr, CPIC Investment Management, which is a subsidiary of China Pacific Insurance (CPI), is teaming up with investment company Waterdrip Capital to develop two cryptocurrency investment funds.
10.04 / 06:43
business
Asia
exchanges
Derivatives
Bitget launches $100M Web3 fund for crypto projects in Asia
Crypto derivatives exchange Bitget launched a new fund focused on supporting the next generation of Web3 projects. According to a statement seen by Cointelegraph, $100 million will be invested in the fund as an initial investment.
09.04 / 21:07
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
08.04 / 16:55
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
07.04 / 19:59
business
Blockchain
Uniswap
Asia
Conflux proposes deploying Uniswap v3, setting up $2M liquidity pool for CFX pairs
Conflux, a regulatory-compliant public blockchain based in China, seeks to deploy the Uniswap v3 on its network, according to a proposal on Uniswap's governance forum on April 7. The move comes days after the Uniswap v3 code license expired, enabling developers to fork the protocol and deploy their own decentralized exchange (DEX).
07.04 / 10:07
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
06.04 / 22:01
Government
Law
Stablecoin
us government
DeSantis is right — CBDCs will lead to absolute government control
Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse.
06.04 / 18:11
markets
Predictions
Bitcoin
Bitcoin Price
Dollar
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s
Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warned.
06.04 / 15:59
Binance
stake
Binance Rejects Justin Sun's Offer for Huobi Stake, Citing Suspected Chinese Connections – Here's What Happened
Binance has reportedly rejected an offer by crypto entrepreneur Justin Sun to purchase his stake in cryptocurrency exchange Huobi, citing ties to mainland China.
06.04 / 15:45
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
06.04 / 15:15
Blockchain
Stablecoin
Binance
Bitfinex
Australian
Today in Crypto: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds, Australian Regulator Cancels Binance's Derivatives License
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
06.04 / 11:33
business
regulation
Investments
Staking
Chinese state insurance firm launches two crypto funds in Hong Kong: Report
The Chinese government appears to be more bullish on the cryptocurrency industry than one might think, as a major state company is reportedly launching new cryptocurrency funds.
05.04 / 13:17
05.04 / 12:47
UPS
China’s Consumers Extend Economic Rebound From Pandemic
SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
05.04 / 05:19
Adoption
IMF
Dollar
end
Malaysia enlists China to help end USD dependence for trade
China and Malaysia are considering moving forward on discussions regarding an Asian Monetary Fund as distancing from U.S. dollar hegemony becomes a greater priority in the region.
04.04 / 19:37
Government
Mining
regulation
Crypto miners
committee
Texas Senate committee moves forward on bill removing incentives for crypto miners
The Texas Senate Committee on Business and Commerce has passed legislation that would largely remove incentives for miners operating under the state’s crypto-friendly regulatory environment.
what's happening in China
What is the current situation in China?
In China, the spotlight is on local government initiatives that spark public discussion.
Where can I find reliable news about China?
We publish verified updates about the situation in China, based on information from official representatives.
What shapes the media agenda in China?
The news landscape of China is shaped by the region’s internal dynamics, reflecting its local way of life.
