China Financial News
30.11 / 04:13
CBDC
SBI Group
SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe
The CEO of the Japanese financial heavyweight and crypto player SBI Holdings Yoshitaka Kitao has spoken out about central bank digital currencies (CBDCs) – and says China is currently leading the world in digital fiat technology.
29.11 / 22:21
NFT
Crime
regulation
Chinese Central Bank: NFT, Metaverse ‘Could Become Money-Laundering Tools’
The Chinese central bank’s anti-money laundering chief has spoken out about non-fungible tokens (NFTs) and metaverse projects – suggesting that there may be a need to regulate these sectors in the same manner as it polices cryptoassets.
29.11 / 20:11
Law
Ban
Law Decoded: India ponders going full China on crypto, Nov. 22–29
Are big emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears as if India could be weighing a similar policy direction: A bill containing a proposed ban on all “private cryptocurrencies” will go in front of the nation’s parliament sometime this winter. The measure is designed to clear the way for India’s central bank to advance its digital currency agenda.
28.11 / 23:07
Manufacturing
week
Economy Week Ahead: Factories, Inflation, Jobs
The U.S. employment report for November highlights this week’s economic data. Economists, analysts and investors are also closely tracking the fast-spreading Omicron variant of the coronavirus to determine its impact on health and the broader economy.
26.11 / 21:27
UPS
Digital
Bitcoin
boost
e-CNY
digital asset exchange
China considers setting up digital asset exchange to boost e-CNY adoption
A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there. In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing.
26.11 / 16:09
CBDC
exchanges
Central Bank
Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears
China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.
26.11 / 13:27
IPO
SoftBank
Bitcoin
China regulators ask DiDi Global to delist from New York Stock Exchange
China’s regulatory stance has been getting more stringent, post the blanket ban on cryptocurrency. The Chinese government had initially unveiled a five-year plan outlining tighter regulation of much of its economy.
26.11 / 06:15
UPS
Action
Morningstar
China's real estate uncertainties persist, fueling market anxiety
BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.
25.11 / 12:45
business
Bitcoin
Cryptocurrency regulation: Here’s what countries around the world have done
The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.
25.11 / 11:07
Ray Dalio’s Bridgewater raises $1.25bn for China-based fund
Bridgewater Associates has raised the equivalent of $1.25bn for its third investment fund in China, according to a person familiar with the matter, catapulting the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world’s second-largest economy.
25.11 / 07:29
regulation
sanctions
Dollar
Clinton: Regulate crypto to stop manipulation by Russia and China
Former Secretary of State HIllary Clinton has said that cryptocurrency markets need stronger regulations to protect against technological manipulation by Russia, China, and others.
25.11 / 07:29
UPS
Morningstar
Restructuring Plan
Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan
BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China's property sector continues to face pressure.
25.11 / 05:47
COST
UPS
Citi
Baidu
Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing
BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business.
25.11 / 04:29
Electricity
Bitcoin
Power
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution
The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy.
25.11 / 03:11
Crime
regulation
scam
Crypto Crime
Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities
Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year.
24.11 / 17:17
JPMorgan
Jamie Dimon rows back on ‘joke’ that JPMorgan would outlast Chinese government
The chief executive of JPMorgan said he regretted making a quip about how the US bank would outlast China’s ruling party.
24.11 / 11:47
CEO
JPMorgan
Jamie Dimon jokes JPMorgan will ‘last longer’ than China’s ruling party but cautions over Taiwan intervention
JPMorgan chief executive Jamie Dimon made a joke that the US bank would outlive China’s ruling party.
23.11 / 21:21
23.11 / 20:09
FIVE
reserves
U.S., Other Countries to Tap Strategic Oil Reserves in Bid to Tame Inflation
WASHINGTON—The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said.
23.11 / 08:35
cryptocurrency
NFTS
cryptos
Another dog-based token joins wild ride of cryptos, makes Rs 1,000 into Rs 60 lakh within 2 hours
Cryptocurrency may well be made a synonym for volatility given that some of these tokens have seen a stupendous rise in prices in a short span. On Monday, it was the turn of Shih Tzu (SHIH), a token named after the affectionate, playful and outgoing dog breed that originated in China.
23.11 / 03:03
FIVE
Why Schroders’ Sue Noffke is still backing UK stocks after Brexit
As the world slowly begins to emerge from the Covid pandemic, investors are starting to re-evaluate portfolios and question whether what worked over the past 18 months will continue to deliver under a new normal.
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