The southwestern Chinese city of Chengdu will give out over $6 million in the latest test drive of the central bank’s digital currency. ( read original story …)
FINANCE
Biden will review tech supply chains to reduce dependence on China
President Biden is reviewing supply chains for processors, batteries and other key tech companies to reduce dependence on China. ( read original story …)
Boris Johnson suggests no UK boycott of Winter Olympics in Beijing
Boris Johnson has indicated the UK will not boycott the Beijing 2022 Winter Olympics despite China facing “genocide” claims. The Prime Minister said the the Government is “not normally in favour of … ( read…
China forex regulator calls for greater oversight of overseas entities, but avoid ‘US-style financial hegemony’
The State Administration of Foreign Exchange says legislation ‘must avoid US-style financial unilateralism’, embrace multilateral cooperation and focus on Chinese firms overseas. ( read original story …)
Young: China Is Dependent On U.S. Financial System To Fund Their “Slaveholder State”
Sen. Todd Young of Indiana used his time in the Senate confirmation hearing of Deputy Treasury Secretary nominee Wally Adeyemo to put pressure on the Biden Administration not to undo certain Trump Adm … (…
Top 15 Financial Centers/Cities of The World
In this article, we are going to talk about the Top 15 Financial Centers/Cities of The World. You can skip our detailed explanation of the criteria … ( read original story …)
Graviton Enters into Global Licensing Agreement for ROCK2 Inhibitor from Beijing Tide
Graviton Bioscience Corporation (“Graviton”), a privately held early-stage drug development company founded by Dr. Samuel Waksal, and Beijing Tide Pharmaceutical Co., Ltd. (Beijing Tide) a subsidiary … ( read original story …)
Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s … ( read original story …)
Bank of East Asia full-year profit rose 11 per cent as mainland China losses narrowed
The 102-year-old lender announced last February that it was reorganising its mainland operations after posting its worst annual results in a decade in 2019, driven by higher impairment charges. The … ( read original story…
Woman awarded $7,700 for five years of housework in China divorce ruling
Case is believed to be the first to set a monetary value on housework since the implementation of a new civil code … ( read original story …)
Moutai’s $80 Billion Rout Sends Signal for China’s Stock Market
Kweichow Moutai Co. investors are selling their shares at the fastest pace in more than two years, a warning for a market that owes much of its rally to a handful of large caps.The biggest…
China Life Insurance conducts probe after complains over an alleged financial fraud went viral online
China Life Insurance Company’s logo stands atop a building in Beijing. Photo: CFP. The state-owned China Life Insurance is investigating alleged financial fraud concerning its bra … ( read original story …)
Agricultural Bank of China prints dual-currency deal
Agricultural Bank of China, rated A1/A/A, has printed a nearly US$1bn-equivalent dual-currency, three-tranche Reg S notes offering denominated in US dollars and Hong Kong dollars. Through its … ( read original story …)
