China relaxed some of its COVID-19 restrictions last week, following a public backlash to the country’s rigorous “zero-COVID” policy. As COVID rules are easing, fund managers are now...
Tag: Chinese
TAL Stock: One of The Most-Desirable Chinese Stocks in 2023
Chinese stocks are booming as the country is easing COVID-19 restrictions. As per the Wall Street Journal, China’s National Health Commision is accelerating plans to dismantle zero-Covid controls in t...
Rich Chinese keep spending while others cut back: McKinsey survey
Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were ...
Damn The Torpedoes, America’s Billionaire Investors Go Full Speed Ahead On China
China has been called “uninvestable,” but billionaires continue to bet on the “Chinese miracle.” GETTY IMAGES 2022 VCG Billionaire Ray Dalio has managed money for Chinese clien...
Tether adds offshore Chinese Yuan to Tron blockchain
Tether Operations Limited (Tether) is a company that actively operates the blockchain-aided platform tether.to. The entity has taken the opportunity to make its formal announcement that they have succ...
Is the Chinese yuan still a good buy?
The USD/CNY exchange rate has been in a steep sell-off as China’s fundamentals improved. It crashed to a low of 6.945, the lowest level since September 14. The Chinese yuan has crashed by more than 4....
China Eases Covid Restrictions Again In Preparation For Economic Recovery
Epidemic control workers wear protective equipment to prevent the spread of Covid-19 as they guard in an area under lockdown on December 1, 2022 in Beijing, China. Kevin Frayer/Getty Images The Chines...
Tether launches offshore Chinese Yuan on TRON
The cryptocurrency sector is still reeling from the consequences of the collapse of the crypto trading platform FTX, which was once among the top crypto exchanges in the world, and TRON (TRX) is no di...
Tether Launches Its Chinese Yuan-backed Stablecoin on Tron
According to Tether, this launch is well in line with its mission of “pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere.” Tether Operat...
Knockoff Lotions, Weight Loss Drugs, Chinese News Sites: Inside Alameda’s Investment Portfolio
In the months preceding FTX’s spectacular demise, reports revealed that the crypto exchange secretly diverted some $4 billion in company funds to prop up its struggling sister trading firm, Alameda Re...
Tether Launches Chinese Yuan (CNHT) On Tron
On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNHT) would now be available on the Tron blockchain. Using the Tron blockchain’s transport layer, Bitfinex will be th...
Tether launches stablecoin pegged to Chinese Yuan (CNH₮)
Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and ...
NFTs are protected by property laws: Chinese courts rule
Non-fungible tokens (NFTs) are legally-recognized property, according to one Chinese court. According to a recent local report, the Hangzhou Court of China stated that NFTs feature value, scarcity, co...
Russia closes biggest digital asset deal in Chinese Yuan
Russian authorities have approved the country’s first legal digital asset deal using the Chinese Yuan. The transaction, worth about 58m Chinese yuan ($8.3m), became the biggest legal deal of its kind ...
Chinese Hangzhou Court calls for NFT regulation
China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The Hangzhou Inter...
Chinese Court Applies Property Law to NFTs
While China is seemingly encouraging the ownership of NFTs, NFT prices have been down in the wake of a wider market rout. A Chinese court in Hangzhou city has applied its property law to nonfungible t...
Chinese Stocks Rally As Beijing Signals Reopening—But Economists Divided Over Covid Rebound
Topline Chinese and Hong Kong stocks rallied on Monday and the renminbi jumped against the dollar, a positive sign of returning investor confidence amid rising public discontent and ongoing economic t...
Tesla, Chinese Rivals NIO, XPeng and Li Auto Dealt a Major Blow
Tesla dominates the electric vehicle market. Although the market share of Elon Musk’s group has declined in recent years as most legacy carmakers now offer electric models, the manufacturer of ...
U.S.-listed Chinese stocks rally as investors turn bullish on reopening shift
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. jumped Monday after China loosened more Covid restrictions to accelerate th...
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan – Finance Bitcoin News
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to dat...
Chinese Court Says NFTs Should Be Protected By Property Laws
A Chinese court has found that NFTs share characteristics of property such as value, scarcity, disposability, and tradability. It states that NFTs and digital collectibles should have the same protect...
Chinese court says NFTs are virtual property protected by law
A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law. A Nov. 29 article posted by the Hangzhou I...
Tesla’s Chinese Rivals Set New Records
Tesla’s competition in the electric vehicle market has been heating up over the past two years as more EV manufacturers ramp up production and deliveries. Elon Musk’s Austin, Texas-based c...
U.S.-traded Chinese stocks clinch best week since at least March as reopening hopes help spark rebound
Shares of U.S.-traded Chinese stocks on Friday posted their best week since at least March, with one popular exchange-traded fund clinching its biggest weekly advance since 2011, as shared recovered f...
Chinese F1 Grand Prix canceled for 2023
Formula 1 has cancelled the 2023 Chinese Grand Prix. The sport had been set to return to China for first time since 2019, in what was scheduled to be the fourth round of a record 24-race season on Apr...
Time to Pull the Trigger on Chinese Stocks? Here Are 2 Names That Analysts Like
Is it safe to nuzzle up to Chinese stocks now? Investors had been keeping their distance from any stocks affiliated with the region as if they had a bad case of Covid. Which isn’t really that far from...
Are Chinese tech stocks a value trap? This expert says ‘no’
Chinese stocks sure look risky at present as protests against the zero Covid policy spread across the authoritarian state. Still, Dan Kemp – the Chief Investment Officer of Morningstar recommends that...
Former Chinese President Jiang Zemin Dies At 96
Jiang Zemin Diana Walker/Getty Images Jiang Zemin, the former Chinese leader who presided over a decade of the country’s economic growth following the Tiananmen Square protests, has died aged 96. Acco...
Elusive Chinese Billionaire Jack Ma Living In Tokyo, Report Says
Topline Jack Ma, the billionaire cofounder of e-commerce giant Alibaba Group and one of China’s wealthiest people, is now living in Japan, the Financial Times reported Tuesday, a rare update on the bi...
NFT project blocks Chinese Twitter comments citing the need for ‘North American expansion’
According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages wri...