City Chengdu Financial News

16.08 / 20:37

Blockchain Adoption e-CNY Bank of China unveils new e-CNY smart contract test program for school education

According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China's Sichuan province, will be able to enroll their children in after-school or extracurricular lessons using the digital yuan central bank digital currency, or e-CNY.

07.12 / 09:53

markets UPS Assurant security wellness President Why are some countries uneasy about Narendra Modi’s bear hug for Vladimir Putin?

A mobility agreement allowing Indian blue-collar workers, such as those in construction, to seek employment in Russia.A naval training pact under which Russia will train Indian sailors for operations along the Arctic route. This is particularly significant, as the melting of Arctic ice opens up new shipping lanes.

05.09 / 20:21

UPS Citi community Freedom country Destinations Chinese migrants flock to Mexico in search of jobs, a future and, for some, a taste of freedom

While the U.S. Border Patrol has arrested tens of thousands of Chinese at the U.S.-Mexico border over the past year, thousands are making Mexico their final destination

13.07 / 05:58

UPS Citi Remark wellness Wildlife Traffic Things can be quite tame in the great wildlife

pandas. This is only partly true. While the Chinese probably never adopted them as pets because they leave awful black and white stains on the couch, they are remarkably useless otherwise as well. Most of the time, sitting on their lazy asses, their low desire to procreate is baffling. Certainly considering they are at risk of extinction. Pandas can't even be relied on for their own survival. I will let that sink in. Pandas can't be seen in the wild anymore. The closest they get is a breeding reserve in Chengdu. Considering the gastronomic delights the city has to offer, in which Sichuan pepper gives dishes their distinct flavour, it is a shame to see pandas limit themselves to bamboo.

23.01 / 02:53

markets UPS Citi Sustainability Research trends China's residential foreclosures increase 43% in 2023

China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property market slump and a patchy economic recovery. The number of foreclosed homes up for auction stood at 389,000 units last year, said China Index Academy, a major independent real estate research firm. A total of 99,000 units worth a combined 150 billion yuan ($20.84 billion) were successfully sold at auctions, the firm said.

29.12 / 17:48

Citi Provident FIVE CEO XPeng expands XNGP in China market

Chinese electric vehicle maker, XPeng (NYSE:XPEV) announced Friday that the company has successfully rolled out its XNGP Advanced Driver Assistance System (ADAS) for customers in 27 more cities. expansion includes prominent cities such as Tianjin, Chengdu, Xi'an, Wuhan, and Changsha.

29.09 / 12:05

Citi Booking economy pandemic country travelers Millions take to China's railways, roads, air for autumn holiday

Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday

19.09 / 06:25

UPS Citi Digital Citizens Winter Olympics Shenzhen, China, Prepares Fresh CBDC Giveaway

Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events.

31.08 / 01:09

Citi Digital show China Set for Digital Yuan Adoption Drive Ahead of Asian Games

China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time.

28.08 / 02:39

Manufacturing Mobile electronic Chinese carmaker BYD buys US firm Jabil's mobility business for $2.2 billion

(Reuters) -Electric vehicle maker BYD Co (SZ:002594) Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean division to buy its mobility business in China for 15.8 billion yuan ($2.17 billion).

27.08 / 09:55

Citi FIVE Celebrity performer country Indian PM Modi hails Indian athletes' performance at World University Games in Mann Ki Baat

Narendra Modi on Sunday hailed Indian athletes' performance at the World University Games in Chengdu, saying they had done the nation proud by returning home with a record haul of 26 medals. India won 11 gold, five silver and 10 bronze, the best ever performance by the country's sportspersons in WUG, which was held in the Chinese city from July 28-August 8. Speaking on Mann Ki Baat, the PM said, «India displayed its best performance in the Games (WUG) this time.

27.07 / 20:07

Citi MET Cooper country Presidents of Indonesia and China meet to discuss joint projects and regional politics

Indonesian President Joko Widodo has met with Chinese President Xi Jinping in southwestern China for talks about joint projects that include Indonesia’s development of a new capital

01.02 / 14:15

UPS Citi Digital Citizens Changsha, China: 300,000 of Our Merchants Accept Digital Yuan

Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

31.01 / 12:59

Blockchain Digital Manufacturing Southern testing China Announces 15 Pilot Zones for Testing Blockchain Tech

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.

20.01 / 05:31

CBDC Adoption Central Bank Chinese Central Bank: In Pilote Stage, Digital Yuan Has 261M Active Users

China’s central People’s Bank of China (PBoC) has claimed over 261m users in the nation activated digital yuan wallets by the end of last year – in addition to the 20 million-plus who have downloaded its official pilot app, which was released to marketplaces in some cities earlier this month.

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