Wednesday was the second day of heavy selling of Chinese tech stocks following the publication of Beijing’s draft plans to “prevent … to halt the much anticipated initial public offering (IPO) of … ( read…
BUSINESS
China Construction Bank to issue $3B of debt certificates on blockchain
China Construction Bank (OTCPK:CICHY +3.2%), the world’s second-largest bank by assets (as of fall 2020), plans to launch the sale of $3B of debt on blockchain, the first digital security issued by a … ( read…
China Construction Bank to Launch $3B in Bonds Using Blockchain
The state-owned China Construction Bank (CCB) is preparing to become the first local bank to issue bonds using … ( read original story …)
Billionaire investor Ray Dalio believes Ant’s IPO suspension was reasonable — and says not investing in China is ‘very risky’
Dalio said there’s a risk of being too lax on innovation since Ant is a “whole new concept in terms of banking.” … ( read original story …)
China Construction Bank to issue offshore bond based on blockchain
China Construction Bank has partnered with a digital exchange to launch an offshore bond that relies on blockchain in a sign of rising interest in the technology from the countrys … ( read original story…
China’s Online Dating Apps Are Big Business. And One Matchmaker Is Grabbing a Piece of It.
Revenue for China’s overall online dating market is estimated to hit $1.1 billion next year, according to iResearch. And one popular local matchmaker has 250,000 followers on China’s Kuaishou … ( read original story …)
China Construction Bank sells US$3 billion worth of debt on blockchain
China Construction Bank kicks off the country’s first blockchain-based certificate of deposits sale, issued in US dollars and tradeable with bitcoin. ( read original story …)
CHINA’S ON TOP OF THE WORLD. BUT NOT FOR LONG.
They should enjoy it while they can, because China’s time at the top will be short. How short? 30 years or so, according to the analytics. See, the empiring business ain’t what it used to…
Don’t Sleep on China’s New Blockchain Internet
U.S. national security policymakers are working aggressively to push back China’s global market advance in 5G and artificial intelligence technology. Meanwhile, the Chinese Communist Party (CCP) is … ( read original story …)
Crypto Gaming Pioneer Cloudbet Officially Launches in Argentina
PRESS RELEASE. Cloudbet, the pioneering crypto casino and sportsbook, has officially launched an Argentina-focused service in response to the country’s … ( read original story …)
China Times annual blockchain industry conference explores the future of finance
China Times 2020 Blockchain Summit was successfully held at the Beijing Kerry Hotel. The conference was hosted by The China Times, Shuipi Zatan, a financial commentator column and China Times … ( read original story…
Delay to Ant IPO shows Beijing’s desire to get the rules right
In the longer term, the delay may even benefit investors. If the IPO had gone ahead, the company’s subsequent valuation might have fallen. Draft regulations recently released require fintech platforms … ( read original story…
China cracks down on cryptocurrency exchanges ahead of digital yuan launch
Another Chinese cryptocurrency exchange goes offline. The authorities crackdown on the industry ahead of the digital yuan launch. The Chinese authorities continue their clearing operation against the … ( read original story …)
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