China Financial News
14.12 / 06:33
Citi
CEO
Pfizer
reports
Mainland China reports its first omicron Covid case
BEIJING — Mainland China reported its first case of the omicron Covid variant on Monday in the city of Tianjin, about two hours' drive from the capital of Beijing.
14.12 / 04:07
Lowe's
FIVE
Baidu
NOT
Here are the 10 U.S.-listed Chinese stocks with the greatest American ownership — and Alibaba's not one of them
BEIJING — The U.S.-listed Chinese stocks with the greatest share of American ownership don't include many of the big names familiar to Wall Street, according to a Morgan Stanley report.
14.12 / 04:07
cryptocurrency
Legal
Bitcoin
Courts
Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues
Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts.
13.12 / 23:00
Ethereum
Gaming
economics
Bitcoin
Arthur Hayes Tells Crypto Traders ‘It Pays to Wait,’ Stronger USD Coming
Monetary policy in the US and China will most likely not get any easier in the near term, and it, therefore “pays to wait” with making new investments in crypto, the co-founder and former CEO of crypto derivatives exchange BitMEX, Arthur Hayes, suggested.
13.12 / 11:30
MET
Reuters
Assurant
China's Xi is set to meet Russia's Putin virtually on Wednesday
BEIJING — Chinese President Xi Jinping is set to meet virtually with Russian President Vladimir Putin on Wednesday, China's Ministry of Foreign Affairs said Monday.
13.12 / 00:49
UPS
week
Economy Week Ahead: Retail, Factories, Central Banks
The Federal Reserve’s two-day policy meeting, which wraps up Wednesday, is the highlight of this week’s economic calendar.
13.12 / 00:48
markets
inflation
Bitcoin
2 key Bitcoin trading metrics suggest BTC price has bottomed
Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a 40-year high.
11.12 / 04:37
Provident
Lowe's
Ripple
Bitcoin
‘Ditching’ PoW will benefit miners per ‘least disruptive’ solution by Ripple’s Chris Larsen
Mining for Bitcoin is a highly intensive process. It involves heavy computing to verify transactions. The energy demand for mining Bitcoin has grown significantly since 2013. As of 10 December, it reached 130 terawatt-hours per year, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI).
10.12 / 19:07
Global Trade
U.S.-China Frictions Undercut Efforts to Settle Global Trade Disputes
WASHINGTON—Rising tensions between the U.S. and China are hampering efforts by members of the World Trade Organization to repair its ability to settle international trade disputes.
10.12 / 17:33
FIVE
As China’s Economy Falters, the Rest of World Looks Resilient
Chinese history plays out in cycles, or so goes the well-worn cliché. Whether or not that is true, it is undeniable that five years after the last major downturn, the specter of another Chinese property crash—and associated financial turbulence—is once again tormenting global markets.
10.12 / 13:25
CBDC
Adoption
regulation
Ruble
Russia prioritizes CBDC ruble as overall crypto outlook seems positive
After the Chinese authorities introduced a complete ban on cryptocurrency transactions in September by equating them to illegal financial activity, local cryptocurrency miners either dropped off the radar or moved to other countries in order to continue with their business.
10.12 / 12:39
BLOCK
Carson Block: Investors need a complete rethink on China
Carson Block has long been an outspoken sceptic of Chinese stocks.
10.12 / 12:07
10.12 / 11:47
IPO
NASDAQ
Fallout
Didi is delisting in New York. Here's what happens if you own a delisted stock
BEIJING — For Americans looking to play the China growth story, Didi's delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.
10.12 / 04:27
Binance
Exchange
Perhaps Binance’s CZ Isn’t World’s Richest Ethnic Chinese Person After All – Report
Just over a week after a major Chinese media outlet claimed that the BinanceFounder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, another report has surfaced questioning the logic of the original report.
09.12 / 21:05
Mining
Ban
Bitcoin
Hashrate
recovery
Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban
The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.
09.12 / 18:25
COST
China’s Latest Challenge Is Engineering a Soft Landing for a Sputtering Economy
HONG KONG—Chinese leaders are trying to reverse a sharp growth slowdown without abandoning policies that triggered much of the weakness to begin with—a tricky task that could test Beijing’s ability to engineer a soft landing for the world’s No. 2 economy.
09.12 / 16:43
UPS
Digital
Racing
wholesale
India to explore wholesale, retail CBDCs, ‘will release pilot, whichever is ready first’
China’s digital yuan CBDC is seeing formidable rates of adoption. Meanwhile, Australia reported on the “successful completion” of its research for the Project Atom CBDC. Adding to that, Project Jura saw the Banque de France and the Swiss National Bank finishing up a cross-border wholesale CBDC transfer trial, which was also “successful.”
09.12 / 16:19
stocks
Real Estate
Bitcoin
Bitcoin, Stocks Largely Unmoved as China Evergrande is Declared in Default
The price of bitcoin (BTC) and US stock futures are largely unmoved today after the expected news broke that Chinese property development giant Evergrande for the first time has failed to pay off a US dollar-denominated debt obligation.
09.12 / 13:53
markets
Ethereum
Bitcoin
Bitcoin Price
Bitcoin dips below $50K as Evergrande defaults on US dollar debt
Bitcoin (BTC) kept $50,000 as a focus on Dec. 9 as consolidation on BTC/USD continued to avoid last week’s lows.
09.12 / 13:15
cryptocurrency
Terra
Cryptocurrency Terra Gains 15,000% In A Year, Enters Top 10 Club
Terra has been one of the best-performing cryptocurrencies this year.
what's happening in China
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