China Financial News

11.11 / 23:35

markets Usd Coin Bitcoin crypto market cap Total crypto market cap drops to $850B as data suggests further downside

The total cryptocurrency market capitalization dropped by 24% between Nov. 8 and Nov. 10, reaching a $770 billion low. However, after the initial panic was subdued and forced future contracts liquidations were no longer pressuring asset prices, a sharp 16% recovery followed.

11.11 / 19:27

UPS Manufacturing U.S., India Pledge Closer Economic Ties

NEW DELHI—Top U.S. and Indian officials pledged to deepen their economic relationship during a series of meetings on Friday, as the two countries seek to overcome differences over Russia and work together to counter China’s manufacturing dominance.

11.11 / 15:57

week Economy Week Ahead: U.S. Inflation in Focus

Tuesday

11.11 / 11:15

SoftBank SoftBank dumps Alibaba shares, swinging into profit

Japanese technology investor SoftBank on 11 November reported a profit of more than $21bn in the three months to September, after gains from a sale of some of its stake in Chinese e-commerce company Alibaba offset losses at its Vision Fund investments.

10.11 / 16:43

CLIMATE CRISIS foreign 'Ending the free-for-all': MEPs back rules to curb access for subsidised foreign companies

European lawmakers on Thursday approved new rules to reduce acquisitions of companies or bids for public contracts by subsidised foreign companies.

10.11 / 13:51

week Economy Week Ahead: U.S. Inflation in Focus

Tuesday

09.11 / 23:15

NFT Opensea NFT trademark filings grow in 2022: Nifty Newsletter, Nov. 2–8

In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how the Chinese city of Wuhan backpedaled on its NFT plans while still pursuing the growth of metaverse economies.

09.11 / 22:35

week Economy Week Ahead: U.S. Inflation in Focus

Tuesday

09.11 / 22:35

Treasury Chief Janet Yellen Heads to India as U.S. Seeks to Deepen Ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the emerging power’s longstanding ties to Russia and deepen a relationship that it hopes will serve as a counterweight to China.

09.11 / 11:59

global economy Warning China Producer Prices Turn Negative in Warning Sign for Global Economy

SINGAPORE—Prices charged by Chinese companies at the factory gate recorded their first annual fall in almost two years, another downbeat signal for the global economy as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods.

08.11 / 18:17

Treasury Chief Janet Yellen Heads to India as U.S. Seeks to Deepen Ties

08.11 / 17:53

BTC ETF Bitcoin Etf Hong Kong Regulator Set to Allow Retail Investors Access to BTC, Ether ETFs

Hong Kong’s top securities regulator has suggested it will go ahead with plans to allow retail investors to access exchange-traded funds (ETFs) that track cryptoasset futures.

08.11 / 09:39

European Union CLIMATE CRISIS United Nations Ukraine war: North Korea denies claims it sent artllery shells to Russia

North Korea has denied American claims that it's shipping artillery shells and ammunition to Russia for use in its war against Ukraine, and on Tuesday accused the United States of lying.

07.11 / 23:21

markets OKEx Apple Bitcoin Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish

147 days have passed since Bitcoin (BTC) closed above $25,000, and the result is that investors are less sure that the $20,000 support will hold. Backing these concerns are persistent global financial and macroeconomic tensions, which escalated on Nov. 7 after European Union officials expressed concerns over the $369 billion U.S. Inflation Reduction Act.

07.11 / 23:21

Ripple SEC Court Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

The United States will go to the voting booths on Nov. 8 to decide the fate of all 435 members of the House of Representatives and 34 out of the 100 Senate seats. The outcome will decide the prevailing power balance in Washington and has the potential to affect the crypto industry. Perhaps that’s why 38% of eligible voters will consider candidates’ positions on crypto, according to a recent survey. Another survey suggests that crypto regulation is a bipartisan issue, with 87% of Democratic and 76% of Republican respondents saying they want clarity from the U.S. government on digital assets.

07.11 / 19:07

Dash Cooper COP Highways COP27: We're on a 'highway to climate hell', UN chief warns world leaders in Egypt

United Nations Secretary-General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe.

07.11 / 17:03

UPS Digital Cooper boost Cross-border e-CNY S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea.

07.11 / 12:33

NFT regulation Bank of China regulatory Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China

The Chinese city of Wuhan had reportedly shelved its aspirational nonfungible tokens (NFTs) plans amid growing regulatory uncertainty around the crypto and Web3 technologies in the country.

07.11 / 12:23

Drop global economy China’s Exports Drop Sharply as Global Economy Slows

SINGAPORE—China’s exports to the rest of the world shrank unexpectedly in October, a big sign that global trade is in sharp retreat as consumers and businesses cut back spending in response to central banks’ aggressive moves to tame inflation.

07.11 / 11:53

Adoption Report Bitcoin Crypto no more in top 10 most-cited potential risks: US central bank report

While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022.

06.11 / 23:13

week Economy Week Ahead: U.S. Inflation in Focus

Tuesday