A biometric ‘hard wallet’ card developed by the Postal Savings Bank of China is being tested by consumers taking part in Beijing’s CBDC trial … ( read original story …)
FINANCE
UP Fintech: A Fintech Investment Bank Serving the New Economy
UP Fintech Holding Limited (“UP Fintech”, Nasdaq:TIGR), acting through its U.S. subsidiary, US Tiger Securities, Inc., acted as the … ( read original story …)
China will pay a price, says US President Joe Biden: Know reason behind remark
In a two-hour phone call with Xi in February, Biden emphasized the US priority of preserving a free and open Indo-Pacific region, where the United States and China are major strategic rivals. The … (…
China margin finance squeeze is partial solution
China’s latest margin finance squeeze is only a partial solution. Regulators have halved the amount retail investors can borrow to buy stocks. That’s a step towards preventing another speculative … ( read original story …)
COLUMN-Central bank digi cash spooking shadow economy to crypto: Mike Dolan
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper into the darkness. ( read original story …)
HK stocks rise ahead of reopen of China markets after holiday break
Hong Kong stocks rose on Wednesday, extending a bull run after the Lunar New Year holidays and on course for seven consecutive sessions of gains, with increasing risk appetite from investors on … ( read…
BOOKS: What Beijing gets right
Over the past four decades, Western policymakers and analysts have been more often wrong than right in their forecasts about China. A cottage industry of books has warned of a coming showdown or … (…
U.S. financial outlook mostly good, growth could outpace China – Fed’s Bullard
Financial conditions in the United States were “generally good” right now, with the potential for its economic growth to outpace China, St. Louis Fed president James Bullard said on Tuesday as the … ( read…
China overtakes US as European Union’s main trading partner
China surpassed the U.S. as the European Union’s main trading partner in 2020, according to data released on Monday by Eurostat. ( read original story …)
China’s inclusive finance loans balance up 24.2 percent
The outstanding RMB loans in inclusive financing stood at 21.53 trillion yuan (about 3.34 trillion U.S. dollars) at the end of 2020 in China, up by 24.2 percent year on year, data from the People’s…
UPDATE 1-U.S. financial outlook mostly good, growth could outpace China – Fed’s Bullard
Financial conditions in the United States were “generally good” right now, with the potential for its economic growth to outpace China, St. Louis Fed president James Bullard said on Tuesday as the … ( read…
China Eyes Rare Earth Export Curbs for U.S. Defense, FT Says
China is exploring whether it can hurt U.S. defense contractors by limiting supplies of rare-earth minerals that are critical to the industry, the Financial Times reported. ( read original story …)
China-Australia relations: Australian miner BHP ‘not banking on’ coal ban to be lifted any time soon
Australian miner BHP acknowledged that its coal business, which is under review for sale or spin off, has taken a hit due to a trade spat between Australia and China. ( read original story …)
