China Financial News

27.03 / 21:25

UPS BTC Digital CoinMarketCap Remark Bitcoin Bitcoin Price Prediction as Billionaire Michael Saylor Buys $150 Million Worth of Bitcoin – What’s Going On?

In recent news, billionaire Michael Saylor has made headlines by purchasing a staggering $150 million worth of Bitcoin, further solidifying his position as a prominent advocate for the world's leading cryptocurrency.

27.03 / 15:22

UPS Digital Platform Hong Kong Crypto Hong Kong crypto firms notice high interest from Chinese banks

Chinese state-owned banks have reportedly proven to surprise supporters of cryptocurrency companies by setting up shops in Hong Kong.

27.03 / 15:03

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.

27.03 / 15:03

Target Strategy China’s Economic Coercion Needs Congressional Response, Ambassador Says

TOKYO—U.S. Ambassador Rahm Emanuel called for congressional legislation to protect countries whose economies are targeted by China over political disputes and a global coalition to soften the blow for those countries.

27.03 / 10:51

What Jack Ma’s return to China means for Alibaba

Jack Ma, Alibaba’s billionaire co-founder, has returned to mainland China after spending roughly a year overseas, according to people familiar with the matter.

27.03 / 09:35

Adoption Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms

China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.

27.03 / 06:35

business regulation exchanges Bitcoin Hong Kong Crypto Hong Kong crypto firms seeing interest from Chinese banks: Report

Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks.

27.03 / 03:09

Cooper Citizens Manufacturing CEO Align Pfizer Pfizer signs agreement with China on improving health coverage in the country

BEIJING — U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country's health coverage, according to the company.

27.03 / 01:53

COST Citi Provident Target FIVE Fitch China's debt-heavy local governments look for new ways to raise cash

BEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that's made clear its priority is to reduce financial risks.

26.03 / 15:47

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.

26.03 / 12:07

Blockchain COST BTC Lowe's Reuters Bitcoin: Focus shifts to Texas as BTC registers growth in mining activity

Crypto mining company BitDeer disclosed that it has significantly expanded the developed capacity of its mining site in Texas. According to BlocksBridge, the operational capacity of the Rockdale site was 386 MW in June, which was boosted to 562 MW by H2 2022, representing an increase of 45%.

25.03 / 19:37

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.

24.03 / 16:49

business Binance regulation security investigation KYC Binance launches internal investigation following KYC bypass rumors

A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.

24.03 / 16:19

Provident Binance Digital CEO Platform Discover Bitcoin BUG spot trading Crypto Giant Binance Grapples with Bug, Suspends Spot Trading Temporarily

In a surprising turn of events, Binance, the world's largest cryptocurrency exchange by daily trading volume, has temporarily suspended all online spot trading on its platform.

24.03 / 15:25

Provident Banking Strains, Inflation Threaten Global Economic Rebound

Large parts of the global economy continue to show signs of a modest rebound after a sharp slowdown at the end of last year, but the improved outlook is threatened by stubbornly high inflation and banking strains in the U.S. and Europe.

24.03 / 15:25

Exodus China’s Economic Lifeline to Russia Gives Beijing Upper Hand

Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand.

24.03 / 15:03

BLOCK Binance SEC Telegram Platform Mobile Duke Binance Employees are Allegedly Helping Users Bypass China's Crypto Ban – Here's What You Need to Know

CNBC's recent investigation has dropped a bombshell, Binance employees may be actively assisting Chinese users in eluding the country's rigid crypto regulations.

24.03 / 15:03

UPS Citi Digital Platform Cross-border Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?

A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.

24.03 / 13:49

business Binance regulation security KYC Customers Binance employees allegedly help customers in China bypass KYC controls

Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols.

24.03 / 11:29

FIVE BLOCK Extreme CEO Remark ByteDance TikTok TikTok wants to distance itself from China — but Beijing is getting involved

BEIJING — China says it would «strongly oppose» a forced sale of TikTok, making clear the government's involvement with the social media giant that's trying hard to distance itself from Beijing authorities.

24.03 / 06:47

business regulation SEC coinbase Bitcoin Regulation 'Surgical removal' of crypto will only weaken USD dominance, commentators say

The United States' crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase's recent Wells notice.

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