LONDON: China’s share of global bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed on …
Tagged By banking
Ericsson no longer banking on China 5G contract wins
Sweden’s Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China, …
China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks
Analysts caution that widespread adoption of China’s digital currency must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’.
China’s Economic Outlook Stabilises as Beijing Addresses Financial Risks to Enhance Resilience
China’s financial reforms, more conservative growth objectives and greater tolerance of defaults have made China’s growth model more sustainable, particularly in its capacity to absorb the lingering …
China continues push for a digital yuan issued by its central bank
Jeremy Allaire, Circle co-founder and CEO, joins ‘Fast Money to discuss China’s position on digital currency and its efforts to push forward with a digital yuan issued by the country’s central bank.
China Development Bank issues 10 bln yuan of green bonds
The China Development Bank has issued 10 billion yuan about 155 billion US dollars of green finance bonds to global investors …
China-US relations: Beijing threatens to deal ‘head-on’ blow after latest sanctions over Hong Kong
Washington accused of making ‘unprovoked smears’ after it warns businesses of heightened risks of operating in the city.
Chinese banking sector’s assets up 9.2 pct
Onshore assets of China banking sector continued to expand in the first half of the year while the industry non-performing ratio sa …
Digital Yuan Used in $5B of Transactions, Says China’s Central Bank
The total value of transactions using China’s central bank digital currency (CBDC), the digital yuan, reached 34.5 billion yuan ($5 billion) by the end of the June, the Peoples …
Chinese cryptocurrency community closes operation amid Beijing’s crackdown, as investors cry ‘fraud’
Online community Bishijie is the latest casualty of Beijing’s crackdown on activities related to bitcoin and other cryptocurrencies.
Foreign travelers to China will be able to use the digital yuan, central bank says
Mobile pay has grown rapidly in the last several years to become the dominant form of payment in China. However, the two primary mobile pay apps — operated by Tencent and Alibaba, respectively — …
China extends takeover period for 9 financial firms linked to Tomorrow Holdings
(CSRC) The six firms taken over by the CBIRC are Tianan Property Insurance Co of China, Huaxia Life Insurance Co … The extension of the takeover period is to resolve the financial risks as soon…
Hong Kong stocks trim gains as traders assess China slowdown, Biden’s warning on city
Hong Kong stocks fall as traders see limited policy stimulus from China to stem a deeper economic slowdown, while Biden prepares to warn US businesses about doing business in the city.
