City Shenzhen Financial News
03.07 / 06:09
UPS
Manufacturing
COMPOSITE
Nikkei
KOSPI
Asian stocks
Asian stocks rally on U.S. inflation miss, Nikkei at 33-year peaks
Investing.com — Most Asian stocks surged on Monday as a drop in U.S. inflation ramped up hopes for a less hawkish Federal Reserve, while data showing improving sentiment towards the Japanese economy put the Nikkei index back at 33-year highs.
12.06 / 01:23
UPS
Lowe's
UBS
Nikkei
recovery
Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
China's lackluster economic recovery since emerging from strict «zero-Covid» lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.
29.05 / 09:47
Pony.ai Introduces Driverless Robotaxi Service in Shenzhen, Following Successful Launch in Guangzhou
Chinese autonomous vehicle startup Pony.ai has introduced its driverless robotaxi service in Shenzhen.
21.02 / 20:19
Blockchain
Citi
Provident
China bats for on-chain blockchain ownership to increase transparency
The Shenzhen Municipal Committee announced the release of the “Interim Measures for the Administration of Data Property Rights Registration in Shenzhen” to standardize the registration of data property rights. It would promote the open flow, development, and utilization of data as a factor of production.
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.
19.01 / 15:41
Fraud
Money laundering
US Arrests Russian Co-founder of Bitzlato Exchange on Suspicion of Money Laundering Illegal Gambling and Drug Money
Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been arrested by US authorities for allegedly processing $700 million in illicit funds.
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.
24.08 / 13:19
Citi
Digital
Mobile
Subway
China Guangzhou Public Transport Launches Digital RMB Payment Function
China's Guangzhou became the first city to launch a pilot function of a digital RMB payment code to pay for bus rides.
03.08 / 19:21
business
Blockchain
Loans
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
As reported by local news outlet Sohu, on Wednesday, the Agricultural Commerce Bank of Zhangjiagang, located in China's Suzhou province, announced that it had issued a 500,000 digital yuan (e-CNY) loan with intellectual property backing it as collateral. The loan was issued via unanimous approval by the city's consumer markets regulator, financial markets regulator and municipal officials.
01.08 / 05:57
IPO
Manufacturing
Chinese companies flock to Switzerland to raise money with new stock listings
BEIJING — Chinese companies looking to raise cash overseas have turned to Switzerland — and gotten speedy regulatory approval to do so.
06.07 / 13:47
cryptocurrency
crypto news
cryptocurrency news
Former TikTok Gaming Head Set To Launch Blockchain Games Startup Meta0
Former head of TikTok's gaming set to start a blockchain gaming startup called Meta0
30.05 / 18:41
business
Blockchain
Adoption
City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending
According to local news outlet Shanghai Securities News, the City of Shenzhen will airdrop 30 million digital Chinese Yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.
29.04 / 07:55
Blockchain
Adoption
Digital Currency
Residents of 3 Chinese cities paying taxes and charges with digital yuan
Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).
01.04 / 09:31
31.03 / 10:55
UPS
Citi
As the pandemic enters its 3rd year, more Chinese people say they'd rather save than spend
BEIJING — Chinese consumers are becoming more cautious than they were near the start of the pandemic, according to a survey by the People's Bank of China released Wednesday.
15.03 / 12:07
Citi
Waves
Manufacturing
500
China's Covid spike worsens: Dongguan factory center locks down, new cases top 3,500 nationwide
BEIJING — China's worst Covid-19 outbreak since the initial wave of the pandemic worsened Tuesday with a major factory city ordering production halts.
14.03 / 20:57
14.03 / 15:49
01.02 / 03:13
Citi
Digital
Limelight
Winter Olympics
Winter Olympics spotlight Beijing’s digital yuan: Will China’s CBDC plans push others to move faster?
Central bank digital currencies will get some international limelight over the next couple of weeks as China plans to test its digital yuan at the Beijing Winter Olympics.
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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