China Financial News

05.11 / 13:19

European Union Culture Killing 'Flare gun' fight starts blaze in Russian cafe, killing 15

"Flare gun fire" caused a large blaze at a cafe in Russia, killing 15 people and injuring five more, according to local authorities.

04.11 / 23:59

European Union Wagner Russia's Wagner paramilitary group opens first official HQ in St Petersburg

The Russian paramilitary group Wagner opened its first headquarters in St Petersburg, Russia, on Friday, an AFP reporter noted.

04.11 / 20:47

Climate change European Union School Despite diplomacy, Hungary & Turkey still blocking Sweden and Finland from NATO

In the corridors of power in Stockholm and Helsinki, the champagne is on ice.

04.11 / 11:03

Tiger Global pulls back on China equity investments

Longtime China investor Tiger Global Management has hit pause on investing in Chinese equities, said people familiar with the matter, as the firm reassesses its exposure to the world’s second-largest economy after President Xi Jinping cemented his control over the country.

04.11 / 08:43

FIVE Digital Waters Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing

According to Menon, the Covid-19 pandemic, and subsequent lockdowns led to “an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases.” He continued to say that “the digital asset industry will emerge leaner and stronger.”

03.11 / 20:40

Binance FTX Fried Sam FTX Goes Live As First Licensed Crypto Exchange in the UAE – What Does Sam Bankman-Fried Have Planned?

Major crypto exchange FTX has announced it has gone live as the first institution of this type which secured a full license to operate in the United Arab Emirates (UAE).

03.11 / 20:05

UPS Digital Platform The Impact of the Digital Yuan on the Chinese Market

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03.11 / 08:41

Blockchain CBDC Adoption Threat CBDCs are no threat to crypto, says Binance boss

Binance CEO Changpeng "CZ" Zhao appears to have softened his stance on central bank digital currencies (CBDCs), arguing in a conference that he doesn’t think CBDCs are a threat to his company or the crypto sector.

03.11 / 00:49

business Mining SEC Bitmain Bitcoin mining firm Bitdeer could delay public offering till 2023

Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on Nasdaq delayed a year depending on a vote from shareholders of Blue Safari Group Acquisition Corp.

02.11 / 22:51

European Union Scholz heads to Beijing amid pressure to take tougher line on China

German Chancellor Olaf Scholz travels to Beijing this week in what is fast becoming a controversial trip, amid pressure both domestically and from within the EU to take a tougher line against China.

02.11 / 18:57

Man China’s No. 2 Is a Business Pragmatist and a Party Loyalist. Which Will Prevail?

Xi Jinping’s new right-hand man, Li Qiang, has shown two sides to his personality over his career.

02.11 / 16:37

Platform Citigroup Tencent Barclays, Deutsche Bank and Citigroup take currency losses as client’s merger falls through

Barclays, Deutsche Bank and Citigroup lost money on currency hedging products they sold to a client for an acquisition that fell through, the latest example of the damage spread during the worst stretch for deal making in years.

02.11 / 12:59

Citi CBDC Digital Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou

China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.

02.11 / 12:47

business regulation Huobi Caribbean Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with Dominica being the first candidate.

01.11 / 19:05

Cardano SEC coinbase Bitcoin Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

01.11 / 17:09

Digital Валюта CNY Beijing: Digital CNY Will Tread Line Between Ensuring Privacy and Fighting Crime

China’s central bank digital currency, the digital yuan, continues to break new ground. And while it is already in use at over 5.6 million stores in the nation, its architects say they will build privacy-protecting functions into the coin.

01.11 / 15:41

Lowe's Chinese Property Bonds Set Record Lows as Investors Lose Faith

HONG KONG—The bottom has fallen out of the market for bonds from Chinese property developers.

01.11 / 13:19

Blockchain Stablecoin regulation Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency.

01.11 / 13:03

Huobi Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations

Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned.

01.11 / 06:11

business Ethereum Social Media Bitcoin Huobi Global denies ‘large-scale layoffs’ and key exec resignations

Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover of the Seychelles-based crypto exchange.

01.11 / 01:23

business Blockchain Adoption education Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy

Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement, one of the main goals of the newly formed alliance is to help Web2 enterprises transition to Web3 through education, advocacy and best practices.

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