While the government has always been very critical of cryptocurrencies, to the point of prohibiting the circulation in the country and the practice of widespread activities such as mining, China’s att...
Tag: China
Happy Chinese New Year! Tradition Meets Technology In 2022
China Last Night KraneShares Happy Chinese New Year 2022! Markets are closed across most of Asia as the world celebrates the Year of the Tiger. In place of our usual market commentary, our cultural an...
Jou Chou, a Music Legend in China, Will Auction His Song for NFT
Jou Chou, a prominent Chinese musical performer, has suggested that one of his previous songs may be auctioned off. Jay Chou announced on his Instagram account. Under the handle NFT, he disclosed in t...
Weaponizing Global Supply Chains Is Unlikely To Alter China’s Uyghur Human Rights Regime
Muslim Uyghur boys walking past a statue of Mao Zedong facing Renmin (People’s) Square in Kashgar, … [+] in northwest China’s Xinjiang Province. AFP via Getty Images Sovereigns’ impo...
Regulators’ Internet Symposium Signals Softer Touch
China Last Night KraneShares Key News Asian equities followed the US’ strong Friday performance overnight. China, South Korea, and Taiwan markets were all closed for Lunar New Year while Hong Kong had...
China EV Sales For January On Tap After 2021 Boom; Nio Pops
Nio (NIO), Xpeng Motors (XPEV) and Li Auto (LI) gear to report January sales after blowout China EV sales in 2021. Nio stock popped early Monday. X Fellow Chinese EV startups Xpeng and Li Auto outsold...
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. The Cyberspace Administration’s official Wechat social media account said that th...
China begins blockchain expansion over real world trials
Blockchain witnesses some key areas of development in manufacturing, energy, law enforcement, taxation, criminal trials, inception, and cross-border finance. Recently, the Cyberspace Administration of...
Stocks Face Hurdles From Fed, China; Dollar Firm: Markets Wrap
(Bloomberg) — Asian stocks were mixed and U.S. equity futures slipped Monday after a Federal Reserve official flagged the possibility of sharper interest-rate increases and Chinese data signaled...
China pilots nationwide blockchain development over real-world use cases
The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities. The initiative aims f...
Fidelity Joins Invesco and Schwab in Adding China Warnings to Funds
(Bloomberg) — Fidelity Investments joined a growing list of money managers warning of potential losses tied to some of China’s largest companies, including Alibaba Group Holding Ltd. and JD.com ...
The Year Of The Ox Was A Rough Bull Ride, CSRC Suggests Solution To HFCAA, Week In Review
China Last Night KraneShares Week In Review We have two videos this week. In one, Dr. Xiaolin Chen discusses China’s path to carbon neutrality by 2060. In another, Xiabing Su goes on the ground in Chi...
One of planet’s largest electrolyzers up and running
Animaflora | iStock | Getty Images A 20 megawatt hydrogen electrolyzer described as “one of the world’s largest” has begun operations, energy major Shell said Friday. Located in Zhan...
Evergrande Aims To Announce Restructuring Plan Within Six Months
The sale office in front of unfinished apartment buildings at the construction site of a China … [+] Evergrande Group development in Beijing, China, on Thursday, Jan. 6, 2022. (Photo by Andrea V...
Powell’s Pessimistic Press Conference Panics Vacation Packing Investors
China Last Night KraneShares Key News The timing of Powell’s hawkish press conference couldn’t be worse for Asian markets as many investors have exited for vacation or are packing their bags for Chine...
China Approves AMD’s $35 Billion Acquisition of Xilinx
(Bloomberg) — Chinese regulators have granted approval for Advanced Micro Devices Inc. to buy Xilinx Inc., clearing the way for one of the largest deals to emerge from the global semiconductor i...
Jinko Solar Gets Jiggy With A STAR Board IPO
China Last Night KraneShares Key News Asian equities had a positive day except for Japan and South Korea while Australia and India had the day off. Going into today’s trading session, the lead pre-mar...
In 2021, Germany Remained European Powerhouse
U.S. trade with Germany is on track to have set a record in 2021 when annual data is released in … [+] early February. Its trade in November included record exports and record imports. ustradenu...
IMF Warns Economic Recovery Will Be Worse Than Expected After U.S. Inflation Surge And China Covid Disruptions
Topline The International Monetary Fund on Tuesday warned the global economy is in a weaker position entering this year than previously expected due largely to the ongoing disruptions spurred by the p...
Asian Investors Take Risk Off
China Last Night KraneShares Key News Asian equities did not experience a miracle comeback like US markets yesterday as markets were a sea of red with investors taking a risk-off posture driven by Rus...
IMF cuts global growth outlook for 2022, US and China recovery wanes
The seal for the International Monetary Fund is seen near the World Bank headquarters (R) in Washington, DC on January 10, 2022. Stefani Reynolds | AFP | Getty Images The International Monetary Fund h...
Dalio Says U.S. in Decline as China Rises, Warns of Election Risk
(Bloomberg) — Bridgewater Associates founder Ray Dalio said there’s a “reasonable chance” neither major U.S. political party will accept the results of the 2024 election. Most Read from Bloomber...
China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected
Hui Ka Yan, Yang Huiyan and Sun Hongbin have all seen their fortunes tumble this year. Bloomberg The days of property moguls dominating China’s wealth rankings appear to be at an end. Beijing’s campai...
Singapore says it’s ready for 2022 travel demand when it returns
There are “encouraging signs of recovery” in Singapore’s tourism sector, according to the Singapore Tourism Board. Visitor arrivals reached 330,000 and tourism receipts reached an es...
BSN Introduces NFT Infrastructure Platform in China
The Blockchain-Based Service Network (BSN), China’s state-sanctioned blockchain infrastructure project, said it is releasing its platform for non-fungible tokens (NFT) in the country today. The BSN-Di...
Tesla Lithium Supplier Ganfeng Says Profit Soared As Much As 437% In 2021
About half of Tesla’s global production is at this Gigafactory in Shanghai, according to a Reuters … [+] estimate. Photo is from Dec. 2020. Photographer: Qilai Shen/Bloomberg © 2020 Bloomb...
2021 Winners Win Again Overnight
China Last Night KraneShares Key News Asian equities were largely off though Japan, China, and Taiwan were in the green while India was hit harder than most. Ukraine/Russia tension, Fed hikes, and the...
Hong Kong Billionaire Loses Half Her Fortune on China Probe
(Bloomberg) — A record stock plunge for a flavoring and fragrances company has erased half of its chairwoman’s wealth, in the latest example of fortunes getting lost and a reminder for investors...
China Risks Going To Economic Hero To ‘Zero’ In 2022
Staff members line up at attention as they prepare to spray disinfectant at Wuhan Railway Station in … [+] Wuhan in China’s central Hubei province on March 24, 2020. STR/AFP via Getty Imag...
China Ends Month-Long Covid Lockdown In Xi’an, New Restrictions In Beijing As Cases Rise
Topline Chinese authorities on Monday lifted a month-long pandemic lockdown in the city of Xi’an and its 13 million residents as Covid-19 cases in the region abated, ending the most stringent pandemic...
20 Years On From ‘Minority Report’, Are We Living In Spielberg’s Vision Of A Retail Future?
Tom Cruise runs in a scene from the film ‘Minority Report’, 2002. (Photo by 20th Century-Fox/Getty … [+] Images) Getty Images In preparing for the sci-fi movie “Minority Report” (rel...