e-CNY needs to maintain “anonymity and full disclosure are not as simple as black and white.”- Yi Gang. Privacy breaching is becoming a common factor in the crypto industry although earlier crypto a...
Tag: China
Hong Kong’s crypto plans could be a ‘test center’ opportunity for China, PCG’s Li says
Hong Kong is still a great financial hub for capital, for the world and particularly the Asia market, Richard Li, chairman at Pacific Century Group, a private investment group. “I still feel that Hong...
China and India control 60% of all gold jewelry market globally
Gold jewelry continues to appeal to different cultures throughout the world, with additional uses for the yellow metal, such as investment opportunities, flourishing in the face of adverse economic si...
BYD Powers EV Ecosystem, Policy Support For Internet Companies Articulated
China Last Night KraneShares Key News Asian equities were largely higher overnight except for Mainland China and Hong Kong, which were mixed. Over the weekend, China’s State Council recommended eight ...
Guests Trapped In Disney On Halloween As China Locks Down Theme Park Over Covid Scare
Topline Shanghai’s Disney Resort unexpectedly closed its doors on Monday after officials tightened Covid restrictions, trapping guests inside as cases across China climb and patience over Beijing̵...
TuSimple Stock Plunges After Firing CEO Amid Probe Into China Ties
Updated at 9:10 am EST TuSimple Holdings (TSP) shares plunged lower Monday after it fired CEO Xiaodi Hou following weekend reports that the self-driving truck company is facing a series of federal p...
5 Emerging Market ETFs That Limit China Investments
Chinese President Xi Jinping’s unprecedented third term as head of the ruling Communist Party rattled investors who see his stacking of loyalists as less than friendly to markets. Some China-focused e...
Billionaire Wu Yajun Steps Down As Longfor Chair Amid Sector Crisis
Billionaire Wu Yajun has stepped down as Longfor chairman. (Photo by May Tse/South China Morning Post via Getty Images) South China Morning Post via Getty Images Wu Yajun, the billionaire cofounder of...
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar – Economics Bitcoin News
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More
Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...
An American Helped Build a Business Inside China. Clients Want Him to Leave.
It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling too...
As China-U.S. Relations Cool, Reshoring Heats Up. Honeywell and Other Stocks That Should Benefit.
The gulf between the U.S. and China is widening, which could be good news for stocks benefiting from the reshoring of industries that migrated over the past 40 years. If President Xi Jinping’s consoli...
Russia, China may be preparing new gold-backed currency, but expert assures US dollar ‘safest’ currency today
China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve currency of the world, but any such currency would unlikely ach...
Hainan Has Another Duty-Free Mall—It Is The Biggest In The World
The great and the good attend the opening ceremony of Haikou International Duty Free City. (Photo by … [+] Luo Yunfei/China News Service via Getty Images) China News Service via Getty Images A s...
Covid cases, controls spread in China
Covid cases and controls have increased in China this month. Pictured here on Oct. 27, 2022, is a neighborhood in Shanghai that’s been fenced in for Covid control. Future Publishing | Future Pub...
Alibaba, JD, Baidu, and NIO Sink as China Tech Stocks Follow U.S. Selloff
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings repo...
Xi Leaves China Stocks in Tatters With Record Post-Congress Drop
(Bloomberg) — China stocks’ frenzied week has ended how it began: with jaw-dropping losses. Most Read from Bloomberg Distraught over President Xi Jinping’s power grab and his recommitment to the...
Foreign investment funds bet on a U.S.-proof China chip industry
Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind th...
Travel Retail Firmly Back In The Driving Seat At French Media Group Lagardere As Sales Top €5 Billion
The travel retail division of the French media company is delivering the goods again. (Photo … [+] Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket...
American companies increasingly look outside of China after Covid
Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended in June. Vcg | Visual China Group | Getty Images BEIJING — Nearl...
Olive Branches Pave The Way For Biden-Xi Indonesia Meeting
China Last Night KraneShares Key News Asian equities were largely higher though Japan, China, and Hong Kong were off. Both Hong Kong and China opened strong but came off the morning highs across the t...
257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be lo...
Will China use Hong Kong to keep one foot in…
China has hitherto taken a harsh view of crypto. Will it now use Hong Kong as a proxy for transacting crypto in order to reduce its dollar position? A history of antagonism towards crypto China has wh...
Crypto is NOT prohibited in China
China would not be China if there weren’t ways to circumvent strict regulations. Ownership of crypto is still legal and legally protected. Most in the West greatly underestimate the flexibility of the...
Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’
China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest Bitcoin mining firm...
Can The U.S. Halt China’s Quantum Quest?
US President Joe Biden listens to IBM CEO Arvind Krishna as he tours the IBM facility in … [+] Poughkeepsie, New York, on October 6, 2022. (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Get...