China’s Postal Savings Bank has created a biometric hardware wallet for the country’s digital yuan that doubles as a health card. ( read original story …)
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Chinese bank tests biometric hardware wallet for digital yuan payments
Blockchain mustn’t get blocked: Regulate but do not ban Bitcoin
Tesla announced that it had bought $1.5 billion of Bitcoin and will soon accept cryptocurrency as legitimate payment for its cars. Mastercard followed by announcing that it will incorporate ‘select … ( read original story…
Commodity prices have been trending higher — but how long the rally lasts depends on China
The last supercycle happened in the mid-2000s before the global financial crisis and peaked in 2008 as China grew to become a commodity powerhouse. ( read original story …)
Hang Lung says property deal with U.S. consulate to proceed after China’s approval
Hong Kong developer Hang Lung Properties said its $331.5 million purchase of property owned by the U.S. consulate will proceed after gaining the approval from the Chinese central government. ( read original story …)
China Stock Traders Sell Favorites After Benchmark Tests Record
Mainland traders rushed to take profit from China’s equity market on Friday, selling key stocks a day after the main benchmark briefly surpassed its 2007 closing high. ( read original story …)
Taiwan blames ‘external forces’ for blocking BioNTech Covid-19 vaccine deal. China says it had nothing to do with it
The Chinese government has denied it obstructed Taiwan’s coronavirus vaccine purchase from BioNTech, after the island’s health minister revealed that its deal with the German drugmaker fell through at … ( read original story …)
China’s clampdown on Jack Ma’s Ant boosts rivals
China’s crackdown on Jack Ma’s Ant Group is boosting rival lenders that charge much higher interest rates, raising fears that Beijing’s drive to lower credit risk could actually spur a wave of … ( read…
Allegations of shackled students and gang rape inside China’s detention camps
On the first day of her new teaching job at a Chinese government-run detention center in Xinjiang, Qelbinur Sidik said she saw two soldiers carry a young Uyghur woman out of the building on a…
Insight – Central bank digital cash spooking shadow economy to crypto
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 …)
COVID-19: After WHO’s probe in Wuhan, China calls for origin tracing in US
Following the World Health Organisation’s (WHO) remarks on the origin of coronavirus in China’s Wuhan city, Beijing has now urged the global health body to do an origin-tracing study of the virus in … (…
Commodity prices are going up — but how long the rally lasts depends on China
The last supercycle happened in the mid-2000s before the global financial crisis and peaked in 2008 as China grew to become a commodity powerhouse. ( read original story …)
China Bank raises P20 billion from three-year bonds
CHINA BANKING Corp. (China Bank) raised P20 billion from its issuance of three-year bonds to be used for its expansion programs and other strategic initiatives. The issued volume was four times its … ( read…
HSBC: Your bank in your pocket
That’s why the Bank has acted swiftly and launched a number of initiatives last year to enhance its digital services in response to the crisis. These initiatives included mobile account opening for … ( read…
