China Financial News

30.03 / 14:39

UPS Target Digital Strategy crypto push Hong Kong fund aims to bet $100M, thanks to city’s crypto push

Hong Kong is ramping up its efforts to become a regional fintech hub, with a new fund aiming to raise $100 million this year to invest in digital assets.

30.03 / 11:51

Continental U.S. Pushes for Business Investment in Africa to Counter China’s Reach

The Biden administration is pushing hard for American businesses to invest in Africa despite the obstacles they face there, more than a decade after China began expanding its economic and political ties with countries across the continent.

30.03 / 09:37

Adoption Crypto funds fund Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp

A new Hong Kong-based fund is set to raise $100 million to invest in crypto companies as the city is accelerating toward its goal of becoming a global crypto hub with a more friendly regulatory stance.

30.03 / 09:37

UPS CBDC Digital JPY Bank of Japan Boss Hints CBDC & Stablecoins Can Coexist – Is Japan Edging Toward a CBDC Rollout?

The central Bank of Japan (BoJ) has stated that regulated stablecoins and a forthcoming central bank digital currency (CBDC) can coexist – and has given the clearest signal so far that Japan will launch a digital yen.

30.03 / 09:05

Ethereum Binance NFT Metaverse Optimism Bitcoin Best Crypto to Buy Now – CFX, MASK, OP

As Bitcoin forges ahead in its pursuit of the significant $30,000 level, the cryptocurrency is experiencing a resurgence of bullish momentum after a temporary dip related to regulatory issues, with investors eying a fed pivot sometime this year. How might this affect the best cryptos to buy now?

30.03 / 09:05

Provident Binance Waters CEO Strategy Limelight Shocking Revelation: Binance Concealed Links to China for Years, Company Documents Reveal

The world's largest cryptocurrency exchange, Binance, is once again in the limelight amidst allegations of concealing its ties to China.

30.03 / 08:21

business Adoption Investments cryptocurrency investment Hong Kong fund plans to raise $100 million for crypto investment

As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will aim at early-stage Web3 companies oriented at the regional market.

30.03 / 03:55

UPS MET CEO Apple NVIDIA China's Premier Li Qiang seeks to rally Asia behind Beijing

BO'AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier.

29.03 / 20:53

regulation Social Media Telecommunications Anti-TikTok RESTRICT Act could be turned against crypto and much else, think tank warns

The RESTRICT Act, a bipartisan bill introduced earlier this month into the United States Senate, could be applied in broad and unexpected ways, including to threaten crypto, should it become law, think tank Coin Center warned in its blog.

29.03 / 17:27

business Binance Binance concealed ties to China for years, even after 2017 crypto crackdown: Report

Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.

29.03 / 13:19

Continental U.S. Pushes for Business Investment in Africa to Counter China’s Reach

29.03 / 13:19

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook.

29.03 / 04:39

business Blockchain Adoption regulation us government identity NOT The government should fear AI, not crypto: Galaxy Digital CEO

Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” identity crisis.

28.03 / 15:49

For Chip Makers, a Choice Between the U.S. and China Looms

WASHINGTON—Semiconductor companies seeking federal grants under the Chips Act could face a tough decision: take Washington’s help to expand in the U.S., or preserve their ability to expand in China.

28.03 / 15:23

Twitter FIVE CEO Platform Software Fried Sam Sam Bankman-Fried Hit with Additional Indictment Amid Chinese Bribery Allegations

In a dramatic development, FTX founder Sam Bankman-Fried is facing a new indictment for bribery, adding to the 12 charges he already faced.

28.03 / 13:57

business regulation crimes FTX Court Fried Sam Sam Bankman-Fried charged with bribing Chinese officials: Court docs

FTX cryptocurrency exchange founder and former CEO Sam Bankman-Fried, or “SBF,” is facing a new 13-count indictment from authorities in the United States.

28.03 / 13:29

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Global economic growth rebounded modestly this month, although stubbornly high inflation and banking stresses weigh on the outlook.

28.03 / 11:47

business Blockchain Adoption National China to upgrade national blockchain standards by 2025

Chinese officials have been actively developing its fintech industry, with a strong focus on blockchain technology, despite their stringent stance on cryptocurrencies.

28.03 / 10:41

Deal U.S. and Japan Strike Deal on Minerals Used in Batteries for Electric Cars

WASHINGTON—The U.S. and Japan reached a trade agreement for minerals used in clean-energy technologies, a deal aimed at allowing Japan to meet sourcing requirements for new electric-vehicle subsidies in the U.S. and shifting energy supply chains away from China.

28.03 / 09:31

Adoption Banks boost Crypto Firms in Hong Kong Get Boost as Regulators Host Meeting with Bankers

Hong Kong officials plan to host a meeting between crypto companies and bankers in an attempt to ease financing for the sector as the city pushes toward becoming a global crypto hub.

28.03 / 02:09

COST UPS DOW Strategy Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead

Asia-Pacific's private equity market plummeted last year — as investors' appetite for risk fell in the face of inflation and geopolitical tensions, according to Bain & Company.

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