Western central banks trying to develop sovereign cryptocurrency models face pushback from lawmakers and other obstacles, while the digital yuan has a much clearer path.
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Beijing crackdown spurs $2.6 billion Chinese equity outflow this week-IIF
China’s equity markets suffered outflows of $600 million on Tuesday after bleeding $2 billion on Monday, the Institute of International Finance (IIF) said. “These are very weak figures compared to the …
China’s renminbi needs convertibility to internationalize
Chinese currency as a full reserve currency will only happen when confidence in its convertibility is sufficient to convince unofficial (private) investors to hold much more reserves denominated in it …
Huobi Closing Beijing Entity Due to China Crackdown
Chinese crypto exchange Huobi has dissolved entity, Beijing Huobi Tianxia Network Technology Co., Ltd. on July 22, according to a notice posted on China’s national enterprise system.
Stocks pull back in early trading following drops in China
Stocks are opening lower on Wall Street Tuesday as investors turn cautious after U.S. markets hit their latest record highs. The S&P 500 fell 0.5% and the Dow Jones Industrials gave back 0.7%. The …
Factbox-From education to bitcoin, China’s season of regulatory crackdown
China’s months-long regulatory crackdown on a range of private companies has left tech upstarts and decades-old firms operating in a new, uncertain environment. Late last week, the State Council, or …
China avoids coal projects in Belt and Road for first time, says green finance think tank
China didn’t finance any coal projects via its Belt and Road Initiative in the first half, the first time that’s happened since the plan was launched in 2013, the International Institute of Green …
Even as Beijing’s grip tightens, Hong Kong maintains status as finance hub
China’s overhaul of Hong Kong’s political institutions has crushed the pro-democracy movement, and fueled warnings of an end to the city’s status as an international financial hub. Yet more than a …
Huobi Shuts Down Beijing Entity Amid Crypto Crackdown
Chinese crypto exchange Huobi is the latest crypto exchange to make changes to its corporate structure in China. Huobi dissolved an entity called Beijing Huobi Tianxia Network Technology Co., Ltd. on …
Explainer-How China Evergrande’s debt woes pose a systemic risk
The financial troubles of China’s most indebted property developer, China Evergrande Group, have raised fresh concerns about credit defaults in the country’s highly-leveraged real estate sector and …
China’s state media moves to reassure rattled investors after rout wiped US$574 billion off stock market
China’s state media are on a mission to talk up the battered stock market and reassure rattled investors after a rout on Monday that erased more than US$570 billion from Chinese stocks listed at home…
INSIGHTS | Meet China’s three major tech regulators
Who’s behind China’s ongoing tech crackdowns? TechNode helps you get to know the country’s main tech regulators with our handy guide.
China Avoids Coal Projects in Belt and Road for First Time
China didn’t finance any coal projects via its Belt and Road Initiative in the first half, the first time that’s happened since the plan was launched in 2013, the International Institute of Green …
