Bairong Inc (“Bairong” or “the Company”; 6608.HK), a leading independent AI-powered technology platform in China, has initiated a share repurchase plan and adopted a stock award scheme in a move that …
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Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto
Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 11% to $31,886 as of 7:26 a.m. in New York. Ether declined 15% to $1,910.China …
China’s Central Bank Urges Financial Institutions to Crack Down on Cryptocurrencies
China’s central bank said on Monday it had summoned some banks and payment institutions recently, urging them to crack down harder on cryptocurrency trading. The People’s Bank of China urged the …
Why China is getting tough on crypto
Cryptocurrency prices have fluctuated wildly in recent weeks as China intensifies a crackdown on trading and mining operations. On Monday bitcoin slumped more than 10 percent after Beijing pulled the …
Bitcoin Falls to Two-Week Low as China Cracks Down on Mining
Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 9% to $32,430 as of 10:21 a.m. in London. Ether declined 10% to $2,024.A Chinese …
China Industrial Bank and 4Paradigm start AI platform acceleration mode Millisecond credit card transaction anti-fraud system is online
Recently, based on the low-threshold, automated AI platform created by 4Paradigm specialized for Industrial Bank, the Industrial Bank Credit Card Center launched a millisecond-level intelligent …
China deposit rate reform to have limited impact – industry body
China’s reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry …
China’s new deposit rate reform to have limited impact on banks, depositors – industry body
China’s reform on banks calculating deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, the interest rate …
Cover Story: The Lagging Overhaul of China’s $3.9 Trillion Bank WMP Sector
Halfway through what’s supposed to be the final year of a transition to sweeping new rules covering asset management in China, the bank-based sector of the $3.9 trillion industry is deeply mired in a …
Hong Kong’s Lam says China has helped restore ‘stability’
The chief executive of Hong Kong on Sunday said China has helped restore “stability” in the city. Reuters reported that Chief Executive Carrie Lam said Hong Kong’s strategy to improve its standing as …
What is the G7’s global minimum tax, and how could it affect China?
The global minimum tax rate proposed by the Group of 7 (G7) aims to clamp down on tax evasion and prevent countries from competing by offering lower taxes to attract multinationals.
Hong Kong seeking closer integration with mainland China, Lam says
Hong Kong’s strategy to strengthen the city’s global financial hub status is through greater integration with mainland China, now that Beijing has helped restore “stability” in the city, Chief …
China assigns more funds to enhance comprehensive finance this year
China’s Ministry of Finance (MOF) declared in a report that the country has assigned a special fund of 9.22 billion yuan (USD1.43 billion) to boost …
