Date | Title | Description |
13.09.2024 | China's Economic Pulse: A Cautious Recovery Amidst Lending Woes | China's economic landscape is a delicate dance, marked by uncertainty and cautious optimism. Recent data reveals a significant uptick in new bank lending for August, yet the figures fall short of expectations. This paints a picture of a nat... |
13.09.2024 | China's August new lending rises less than expected, more policy steps expected | FinanceChina's August new lending rises less than expected, more policy steps expected
By Kevin Yao and Ella CaoSeptember 13, 20241:10 PM UTCUpdated ago
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13.09.2024 | China's August new lending rises less than expected, more policy steps expected | BEIJING: New bank lending in China jumped less than expected in August after hitting a 15-year low in July, as the central bank keeps policy accommodative and pledges to roll out more supportive measures to bolster a fragile economic recove... |
07.09.2024 | China's central bank pauses gold purchases for a fourth month in August | CommoditiesChina's central bank pauses gold purchases for a fourth month in August
By ReutersSeptember 7, 20242:57 AM UTCUpdated ago
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04.09.2024 | Shanghai amends regulations to solidify its role as a global financial hub | SHANGHAI, Sept. 3, 2024 /PRNewswire/ -- A news report from english.shanghai.gov.cn:
The legislature of Shanghai passed revised regulations on August 22 to further advance the city as an international financial center.
The regulations, which... |
01.09.2024 | China’s Green Finance Revolution: A Pathway to Sustainability | China is at a crossroads. The nation is shifting gears, steering its economy toward a greener future. Financial institutions are playing a pivotal role in this transformation. With robust policies and innovative financial instruments, China... |
30.08.2024 | Financial institutions Taking Actions to Guide Capital towards Green and Low-carbon Industries in China | GUANGZHOU, China, Aug. 30, 2024 /PRNewswire/ -- China has demonstrated stepped-up efforts to ramp up green transition in all areas of economic and social development and to promote relevant financial instruments, such as green equity financ... |
29.08.2024 | The Shifting Currents of Currency and Connectivity | In the world of finance and infrastructure, two stories emerge, each a reflection of broader economic currents. One is about the rise of the yuan, a currency that has danced between strength and weakness. The other tells of euNetworks, a ba... |
29.08.2024 | Financial institutions Taking Actions to Guide Capital towards Green and Low-carbon Industries in China | GUANGZHOU, China, Aug. 29, 2024 /PRNewswire/ -- China has demonstrated stepped-up efforts to ramp up green transition in all areas of economic and social development and to promote relevant financial instruments, such as green equity financ... |
23.08.2024 | After battle with yuan bears, China is now keen to avoid sharp currency gains | CurrenciesAfter battle with yuan bears, China is now keen to avoid sharp currency gains
By ReutersAugust 23, 20247:56 AM UTCUpdated ago
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19.08.2024 | China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll | Macro MattersChina widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll
By ReutersAugust 19, 20247:00 PM UTCUpdated ago
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13.08.2024 | China's Bond Market: A Tug of War Between Bulls and Bears | China's bond market is a battlefield. On one side, the central bank wields its sword, attempting to stabilize yields. On the other, bond bulls cling to their optimism, believing the market still has room to grow. This tug of war has left in... |
13.08.2024 | China new loans hit 15-year low in July, more policy steps expected | FinanceChina new loans hit 15-year low in July, more policy steps expected
By Kevin Yao and Ellen ZhangAugust 13, 20246:38 PM UTCUpdated ago
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12.08.2024 | China's bond market rattled as central bank squares off with bond bulls | SHANGHAI: China's bond market, the world's second largest, is on edge following a turbulent week in which the central bank started intervening heavily to stem a plunge in yields even as the economy is struggling.
But die-hard investors say ... |
28.07.2024 | Paris Olympics: A Double-Edged Sword for Local Businesses | The Paris Olympics, a grand spectacle, promised a flood of tourists and a boost to local businesses. Instead, it has turned into a paradox. As the Games unfold, many Parisian shops and restaurants are feeling the pinch. The streets, usually... |
26.07.2024 | Biden's Exit: A Political Earthquake and Its Ripple Effects**
** | ** The political landscape of the United States shifted dramatically on July 21, 2024, when President Joe Biden announced he would not seek re-election. At 81, Biden's decision stemmed from dwindling support within his party and growing con... |
26.07.2024 | Chinese Government Bond Futures Hit New Highs After Key Rate Is Lowered | (Yicai) July 26 -- The price of Chinese government bond futures reached new records in the last two days after big state-owned banks cut deposit yields and the central bank slashed the interest rate on its medium-term lending facility to en... |
26.07.2024 | China's rate cuts sequence hints at reduced role for MLF | Macro MattersChina's rate cuts sequence hints at reduced role for MLF
By ReutersJuly 26, 20245:09 AM UTCUpdated ago
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25.07.2024 | China's Monetary Maneuvers: A Delicate Dance Amid Economic Uncertainty**
** | ** China's economy is at a crossroads. The People's Bank of China (PBOC) is navigating turbulent waters, attempting to stimulate growth while grappling with deflationary pressures. Recent actions by the central bank reveal a strategic pivot... |
25.07.2024 | China's Economic Lifeline: Interest Rate Cuts and the Property Sector Revival**
** | ** China's economy is a vast ocean, and right now, it’s facing turbulent waters. The central bank, the People's Bank of China (PBOC), has thrown a lifebuoy in the form of interest rate cuts. This move aims to revive the beleaguered property... |
25.07.2024 | New economic model set to boost strength | Smooth transition in growth engines, people-centered policies highlighted
BEIJING, July 25, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:
China will likely pursue a new economic model to drive a smooth transition in growth engi... |
25.07.2024 | Tech tailspin whacks world stocks, yen roars to 2-1/2-month peak | MarketsTech tailspin whacks world stocks, yen roars to 2-1/2-month peak
By Marc JonesJuly 25, 20248:49 AM UTCUpdated ago
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More than $3 trillion wipe... |
25.07.2024 | China central bank surprises by lending again at lower rates | ChinaChina central bank surprises by lending again at lower rates
By ReutersJuly 25, 20244:06 AM UTCUpdated ago
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The Chinese national flag flies at half-mast at the ... |
25.07.2024 | New economic model set to boost strength | Smooth transition in growth engines, people-centered policies highlighted
BEIJING, July 25, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:
China will likely pursue a new economic model to drive a smooth transition in growth engi... |
23.07.2024 | More Safe Assets Should Be Issued to Make Use of Market Liquidity, Morgan Stanley’s Chief Economist Says | (Yicai) July 23 -- PBOC's recent monetary operation is to stabilize currency rate and improve interest rate corridor mechanism, said Robin Xing, chief economist at Morgan Stanley. Moreover, China should increase the issurance of long-term s... |
23.07.2024 | Asset Managers Remain Upbeat on China's Bond Market Even as Central Bank Readies Sales | (Yicai) July 23 -- Asset managers remain optimistic about China's treasury market even though speculators say the central bank could start selling long-term government bonds to stop a plunge in yields.
The positive prospects of medium and l... |
23.07.2024 | World shares steady as Biden exits White House race | LONDON/NEW YORK: An index of global shares steadied on Monday as investors weighed President Joe Biden's decision to end his reelection bid over the weekend, while a surprise rate cut by China's central bank failed to boost Asian markets.
B... |
23.07.2024 | China Cuts Interest Rates to Boost Property Sector
India's Fuel Consumption Rises 2.6% in June with ATF, Petrol Surge
RIL and BPCL Anticipate Recovery in Product Cracks After Tough Q1
ONGC Videsh Inve... | ECONOMY & POLICY China Cuts Interest Rates to Boost Property Sector
23 Jul 2024 5 Min Read CW Team
China's central bank has taken a significant step to revive its struggling property sector by cutting interest rates. This move is part o... |
23.07.2024 | Falling Chinese Mortgage Rates Are Set to Enter ‘2% Era’ After LPR Cut | (Yicai) July 23 -- Mortgage interest rates in several Chinese cities are expected to enter the 2 percent territory after the central bank lowered its benchmark bank lending rates for the second time this year yesterday.
Interest rates on fi... |
19.07.2024 | China likely to maintain lending rates even as economy slows: Reuters poll | Macro MattersChina likely to maintain lending rates even as economy slows: Reuters poll
By ReutersJuly 19, 20247:27 AM UTCUpdated ago
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09.07.2024 | The Tech Race: China vs. Russia | In the global tech race, China and Russia are making significant strides in the laptop market. While the US is trying to slow down China's technological advancements, Russia is experiencing a surge in laptop sales. In the first half of 2024... |
09.07.2024 | American Express to Hike Investment in China, Local JV’s CEO Says | (Yicai) July 9 -- American Express will continue to increase its investment in China because there is still a lot of room for growth in the market, according to the chief executive officer of the Chinese joint venture of the US credit card ... |
09.07.2024 | China's Biggest Money Market Fund Sees Returns Drop Below 1.5%, Yields May Dip Further, Experts Say | (Yicai) July 9 --Rates of return of money market funds are likely to further decline this quarter after the yield of China's first and largest online such fund Tianhong Yu'ebao Money Market Fund, owned by financial technology giant Ant Grou... |
05.07.2024 | Dun & Bradstreet Launches Greater Bay Area China Business Credit Reports Solution | Making reliable and compliant data easily accessible to facilitate cross-boundary credit and lending activities in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA").
HONG KONG, July 5, 2024 /PRNewswire/ -- Dun & Bradstree... |
04.07.2024 | Trying to kill Chinese tech only makes it stronger | In trying to block China’s climb up the ladder of technological sophistication, the US may inadvertently be giving its rival a hand up.
Consider a speech made by Premier Li Qiang at last week’s World Economic Forum in the port city of Dalia... |
18.06.2024 | Tencent engages in the validation of cross-border-payments use cases as Project mBridge reaches the minimum viable product stage | HONG KONG, June 18, 2024 /PRNewswire/ -- Tencent is participating in the validation of cross-border-payments use cases for Project mBridge at the Minimum Viable Product (MVP) stage. The goal is to facilitate further enhancement to the quali... |
14.06.2024 | China set to hold key rate as margin pressure, weaker yuan hamper policy easing | Macro MattersChina set to hold key rate as margin pressure, weaker yuan hamper policy easing
By ReutersJune 14, 20246:59 AM UTCUpdated ago
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13.06.2024 | 2024 Lujiazui Forum will be held in Shanghai from June 19 to 20 | SHANGHAI, June 13, 2024 /PRNewswire/ -- A news report from english.shanghai.gov.cn:
The 2024 Lujiazui Forum will be held in Shanghai from June 19 to 20. Inaugurated in 2008,14 editions of the forum have been successfully held, with governme... |
06.06.2024 | 地方金融组织不得跨省开展业务 90%的商业保理企业或退出历史舞台 | 随着2021年底中国人民银行发布《地方金融监督管理条例(草案征求意见稿)》(以下简称:《条例》),明确要加强央地监管协调配合,压实地方金融监管职责后,整个商业保理行业就站在了生死存亡的十字路口。 SHANGHAI, SHANGHAI, CHINA, June 6, 2024 /EINPresswire.com/ -- 随着2021年底中国人民银行发布《地方金融监督管理条例(草案征求意见稿)》(以下简称:《条例》),明确要加强央地监管协调配合,压实地方金融监管职责后,整个商业保... |
02.06.2024 | Global central banks considering different interest-rate cut policies | - |
31.05.2024 | Central banks' new-old inflationary bias | - |
20.05.2024 | Hong Kong Pilots World’s First Integration of Payment System with China’s Digital Yuan | Hong Kong residents can now set up digital yuan (e-CNY) personal wallets using only their Hong Kong mobile phone numbers.
These wallets, which can be topped up via the FPS through 17 retail banks, are designed for cross-border payments but ... |
20.05.2024 | Pan Gongsheng, Governor of the People's Bank of China, Joins the Group of Thirty | The Group of Thirty announced today that Dr. Pan Gongsheng, Governor of the People's Bank of China, has joined the Group's membership.
WASHINGTON, May 20, 2024 /PRNewswire-PRWeb/ -- The Group of Thirty (G30) is pleased to announce Dr. Pan G... |
17.05.2024 | Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets | The Hong Kong Monetary Authority and the Peoples Bank of China have expanded the digital yuan pilot to enable the use of e-CNY wallets in Hong Kong.
China and Hong Kong have been conducting cross border digital yuan trials.
The Hong Kong Mo... |
13.05.2024 | New release reveals the pulse of China's financial world | BEIJING, May 13, 2024 /PRNewswire/ -- A news report from Beijing Review:
The 2023 Almanac of China's Finance and Banking (ACFB) has recently been published.
As the earliest comprehensive financial almanac in China, it is the only financial ... |
04.05.2024 | Central banks bet big on gold as global uncertainty lingers | Central banks across the world continued their gold buying spree this year, adding 290 tonnes in the March quarter, even as record high prices hit consumer demand.
Also read:Gold soars on geopolitical risks, central bank buying
In fact, cen... |
19.04.2024 | YS Biopharma Announces Unaudited Financial Results for the First Nine Months of Fiscal Year 2024 | GAITHERSBURG, Md., April 19, 2024 /PRNewswire/ -- YS Biopharma Co., Ltd. (NASDAQ: YS) ("YS Biopharma" or the "Company"), a global biopharmaceutical company dedicated to discovering, developing, manufacturing, and deliver... |
19.04.2024 | Central banks globally struggle to keep up with US Fed's rate cut timeline | - |
18.04.2024 | De-dollarization is not working out in China, where businesses are hanging onto their US dollars | Economy De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Huileng Tan
2024-04-18T09:10:02Z
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15.04.2024 | China’s Moderate First-Quarter Lending Aided Economic Recovery | (Yicai) April 15 -- China’s credit disbursement has returned to a moderate level in the first quarter of the year, positively contributing to the country’s economic recovery.
The loan disbursement progress returned to close to 40 percent of... |
12.04.2024 | China c.bank set to leave policy rate unchanged, drain some liquidity | Asian MarketsChina c.bank set to leave policy rate unchanged, drain some liquidity
By ReutersApril 12, 20246:34 AM UTCUpdated ago
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08.04.2024 | US lawmakers propose new rules to protect personal data, strengthen privacy | Two influential lawmakers from opposing parties have crafted a deal on legislation designed to strengthen privacy protections for Americans' personal data.
The sweeping proposal announced Sunday evening would define privacy as a consumer ri... |
07.04.2024 | China’s Central Bank Launches $70b Tech Lending Program | China’s central bank announced on Sunday plans to establish a substantial 500 billion yuan ($70 billion) re-lending initiative aimed at bolstering the nation’s science and technology sectors, according to a Reuters report.
This move undersc... |
04.04.2024 | BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments | - |
22.03.2024 | China yuan falls to four-month low, state banks step in | CurrenciesChina yuan falls to four-month low, state banks step in
ReutersMarch 22, 20244:07 AM UTCUpdated ago
Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo Purc... |
20.03.2024 | China leaves benchmark lending rates unchanged, as expected | Macro MattersChina leaves benchmark lending rates unchanged, as expected
ReutersMarch 20, 20242:27 AM UTCUpdated ago
File photo: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the centra... |
02.01.2024 | Alipay gets approval for operating without controller | China’s central bank agrees that Ant Group’s payment platform, Alipay, has no controller, as stated on the official website of the People’s Bank of China. This development is widely seen as a significant step in clearing a major hurdle for ... |
09.10.2023 | Leading Chinese Social Media Platform Removes Accounts of 80 High-Profile Crypto Influencers | Weibo, one of the China’s biggest social media platforms, has removed the accounts of 80 popular influencers promoting cryptocurrencies, citing breach of local laws put in place to curb speculative trading and the promotion of cryptocurrenc... |
25.07.2023 | China’s New Central Bank Chief Brings Harvard, Cambridge Connections Amid Strained Foreign Ties | |
07.07.2023 | China wraps up fintech crackdown with big fines on Tencent, Alibaba | The regulatory crackdown that has shaken up China’s fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country’s two digital payments giants.
Tencent, along with its payments subsidiar... |
13.06.2023 | China slashes interest rates and mulls big stimulus package in bid to revive slowing economy | China just slashed short-term interest rates in its economy to 1.9%.
Meanwhile, the government is mulling a big stimulus package to prop up key sectors.
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China's central bank slashed short-term interest rates and is mulling a b... |
23.05.2023 | China's yuan will continue to fall against the dollar as Beijing eyes rate cuts to revive the economy, Goldman Sachs says | Goldman Sachs expects China's yuan to continue falling against the US dollar.
Analysts also slashed their forecasts on yuan for the next 12 months.
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Goldman Sachs expects the yuan to continue falling against the US dollar, as C... |
23.03.2023 | Are CBDCs a Threat to Monetary Policy? Possibly, Says IMF | Central Bank Digital Currencies (CBDCs) represent a transformative development in the financial industry, as a growing number of countries rapidly progress from theoretical considerations to focused research and pilot programs. The compelli... |
22.11.2022 | Ant Group to face $1b fine from China’s central bank | FintechNews
Shadine Taufik · 3h ago · 1 min readAnt Group to face $1b fine from China’s central bank
Ant Group, Financial services giant and Alibaba affiliate, is set to face a US$1 billion fine from the People’s Bank of China (PBOC), Reute... |
01.11.2022 | CBDCs and Virtual Assets Dominate Day One of Hong Kong Fintech Week 2022 | The seventh edition of Hong Kong’s flagship fintech event Hong Kong Fintech Week (HKFW) 2022 kicked off this week, organised by the Hong Kong Monetary Authority (HKMA) with Invest Hong Kong. |
07.09.2022 | The US dollar's relentless advance sends China's foreign exchange reserves to the lowest since 2018 | Data from the People's Bank of China showed reserves fell by the equivalent of $49.2 billion to $3.0549 trillion by the end of August.
The State Administration of Foreign Exchange attributed the decline to lower asset prices as the dollar c... |
19.06.2022 | First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday | Good morning. Here’s what’s happening:
Prices: Bitcoin Reclaims $20,000; other cryptos rally.
Insights: Old-fashioned gold is outperforming its digital version.
Catch the latest episodes of CoinDesk TV for insightful interviews with crypto ... |
19.05.2022 | First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain | Good morning. Here’s what’s happening:
Prices: Bitcoin recovers somewhat; most other cryptos are in the green.
Insights: KuCoin will use part of its $150 million capital raise to increase DeFi activity on its blockchain.
Technician's take: ... |
27.04.2022 |
Is Bitcoin Legal? | As the market capitalization of the cryptocurrency market continues to climb, regulators around the world are stepping up the debate on oversight into the use and trading of digital assets.
To date, very few countries have completely outlaw... |
15.04.2022 | China frees up $83 billion in cash for its banks as the economy faces its slowest growth in 3 decades | China's central bank cut the level of money it requires banks to hold in reserves in a move to bolster economic growth.
The People's Bank of China cut its reserve requirement ratio by 0.25% for commercial banks.
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China's centra... |
13.04.2022 | China Launches Digital Yuan App – All You Need to Know | China has released the new digital yuan app for iOS and Android on domestic app stores.
The app is now available to users in 23 cities across China.
Tencent-owned WeChat announced it would begin rolling out the e-CNY as a payment option on ... |
05.04.2022 | Why China’s CIPS Matters (and Not for the Reasons You Think) | Payment systems are the plumbing of international finance. As the U.S. and its allies block Russia from a major part of global financial plumbing, China’s Cross-Border Interbank Payment System (CIPS) has been receiving increasing attention.... |
09.03.2022 |
China Crypto Bans: A Complete History | Those familiar with the crypto industry will understand that China’s crypto ban is not entirely a surprise. The country has maintained a hostile relationship with its crypto industry since 2013, when it rolled out its first set of crypto re... |
04.03.2022 | China’s digital yuan cross-border payment vision boosted by SWIFT ban on Russia | Since 2014, China has been a forerunner in carrying out tests for a centralized digital currency. This includes a plan to build cross-border payment systems with multiple countries—a vision that now may be regarded with greater significance... |
28.02.2022 | First Mover Asia: The Petroyuan Is No Russia Sanctions Buster; Bitcoin 15% Gain Is Largest in a Year as Investors See Opportunity for Crypto | Good morning. Here’s what’s happening:
Markets: Bitcoin, ether and other major cryptos rise, even as the U.S. looked to hamstring Russian from using crypto to evade sanctions.
Insights: CBDCs won't help Russia evade economic sanctions.
Tech... |
20.01.2022 | A Close Reading of China’s Fintech Development Plan for 2022-2025 | We discuss the contents of China’s Fintech Development Plan for 2022-2025, released by its central bank, which lays out opportunities for fintech expansion, major regulatory goals for the government, and Beijing’s ambitions for advanced fin... |
18.01.2022 | China’s digital yuan wallet now has 260 million individual users | One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet. 261 million individual users (as opposed to enterprises), about one-fifth of the population, have set up e-CNY wallets so far, and 8... |
17.01.2022 | China Cuts Rates in Fear of Economic Slowdown | The Chinese central bank Monday cut two key interest rates and injected liquidity into the banking system, in a bid to support the country’s slowing economy.
The decision came just as the latest data showed that China’s economy expanded by ... |
06.12.2021 | China's government is stepping in to help Evergrande deal with its debt, as it has with previous large-scale corporate clean-ups | Evergrande said on Friday there was "no guarantee" it would have enough funds to meet debt repayments.
The 8 p.m. announcement triggered a coordinated response from various Chinese authorities.
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Chinese authorities ha... |
03.12.2021 | Beijing and Washington grapple with crypto in their own unique fashion | Subscribe to Fortune Daily to get essential business stories delivered straight to your inbox each morning.
The market cap of cryptocurrencies has grown to the point where mainstream financial industry players are jumping on the blockchain ... |
07.11.2021 | China: WeiyangX Fintech Review | Personal Information Protection Law Goes Into effect on November 1st
On November 1st, the Personal Information Protection Law of the People’s Republic of China came into effect. According to the law, activities such as collection, processin... |
27.10.2021 | DeFi: Can decentralized finance defy China’s crypto controls? | |
21.10.2021 | Evergrande Plunges On Trading Resumption As Asset Sales Fail To Materialze | Workers walk in front of the Evergrande headquarters in Shenzhen, southeastern China on September ... [+] 26, 2021. NOEL CELIS/AFP via Getty Images |
13.10.2021 | Binance terminates yuan trading after crypto transactions are criminalized in China | Cryptocurrency exchange Binance will shut down its marketplace for yuan trading at the end of 2021 in response to China’s recent crypto crackdown.
Binance is the world’s largest cryptocurrency exchange by daily trading volume, and also has ... |
28.09.2021 | Crypto Regulation, Ransomware and OFAC’s Rise
OFAC ramps up crypto regulation
Not just another Chinese crypto ban
Biden’s rule
Elsewhere:
Beyond CoinDesk: | The U.S. government sanctioned a crypto exchange for the first time last week, escalating its fight against ransomware and proclaiming that crypto regulation will not be free of enforcement actions.
The other major storyline last week came ... |
27.09.2021 | Singapore gains from China’s strictest crypto ban | Major digital asset exchanges founded by individuals of Chinese origin are making significant adjustments to their operations after regulators in China criminalized crypto transactions and services last week. China-based users are being dro... |
24.09.2021 | China says all crypto-related transactions are illegal, again vows crackdown | More On: cryptocurrency
How I lost $650,000 of crypto in seconds Dogecoin can become internet’s currency with key change: Robinhood CEO North Korean hacker group Lazarus linked to $615M cryptocurrency theft ‘Mona Lisa of digital world’: NFT... |
24.09.2021 | China’s Bitcoin ban could be a buying opportunity | Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
While China’s declaration that all crypto transactions are illegal on Friday has led to a sell-off of Bitcoin, Ethereum, and other digital tok... |
24.09.2021 | China's Central Bank Says All Crypto-Related Transactions Are Illegal, Bitcoin Plunges 5 Percent | The People's Bank of China has imposed a ban on all cryptocurrency-related transactions, according to its Sept. 24 statement.
Bitcoin, Ethereum, Tether and other major coins are prohibited from circulating on the market.
All business activi... |
24.09.2021 | China’s Central Bank Pushes Reform of Emergency Liquidity Tool
China’s Central Bank Pushes Reform of Emergency Liquidity Tool | (Bloomberg) -- China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility in money market rates.
The People’s Bank of China will allow... |
24.09.2021 | China says all crypto-related transactions are illegal, again vows crackdown | More On: cryptocurrency
Understand NFTs and cryptocurrency with this affordable training guide Robinhood shares jump after crypto wallets launch announcement Bitcoin down 12 percent this week — and still falling — as stock market wobbles Cr... |
19.09.2021 | China: WeiyangX Fintech Review | E-Sign Completes 1.2-Billion-Yuan E round of Financing
On September 13th, digital signature service provider E-Sign completed a 1.2-billion-yuan E round of financing, with participation from Sequoia China, IDG Capital, Hidden Hill Capital, ... |
15.09.2021 | China Is Making Smart Money | While U.S. financial policymakers are only beginning to study and debate the possibility of creating a digital dollar, China is amidst a national blitz to digitize its entire economy. For several years, the digitization of the economy has b... |
12.09.2021 | China: WeiyangX Fintech Review | Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies
On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Be... |
09.09.2021 | China’s Red New Deal: Tracking all the different crackdowns on companies going on right now | |
07.08.2021 | China: WeiyangX Fintech Review | Shanghai Taxis Began to Accept Digital RMB Payments
Shanghai Qiangsheng Taxi Company has equipped its 6000 clean energy taxis with digital RMB payment capability. Customers could hail these taxis on 62580 APP. When they arrive at their dest... |
02.08.2021 | China’s crackdown on cryptocurrency trading will continue as its central bank raises the heat on financial institutions | China’s central bank has vowed to maintain intense regulatory pressure on cryptocurrency trading and speculation.
Starting May 2021, the country has actively cracked down on cryptocurrency trading and mining, dealing a massive blow to crypt... |
29.07.2021 | Как купить биткоин в 2021 году: Руководство | 0 Обсудить
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В 2021 году биткоину исполняется 12 лет, он пользуется огромным успехом, входит в инвестиционные портфели известных мировых компаний Tesla, MicroStrategy, Voyager Digital LTD, Marathon Patent Group, Square Inc. Круп... |
27.07.2021 | China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value | Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new d... |
22.07.2021 | China wants to use crypto for insurance as it focuses on the adoption of digital yuan | China has already implemented the digital yuan in the e-commerce space, salaries and lotteries.
Expanding to insurance could make it easier for citizens to get accustomed to using digital yuan and for the central bank to understand how use ... |