Vice Chairman Charlie Munger praised China’s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.
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Beijing subway network accepts digital currency
Subway commuters in Beijing can pay their fares using China’s central bank digital currency, digital yuan, starting Wednesday, according to the Beijing Municipal Commission of Transport. With the …
Beijing subway now accepts digital yuan
Beijing has become a major spot for China’s digital yuan trials, housing a wide number of e-CNY integrations and related initiatives.
Biggest China Bank Abandons $3 Billion Zimbabwe Coal Plan
China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see the Asian country as the last potential funder of…
Deutsche Bank China Investment Bank Vice Chair Leaves After 20 Years
Rowena Chu, vice chair of Greater China investment banking coverage at Deutsche Bank AG, has left the firm after working there for 20 years, people with knowledge of the matter said. The Hong …
BNY Mellon urges caution as financial conditions tighten in the U.S. and China
Geoffrey Yu, senior EMEA market strategist at BNY Mellon, discusses the outlook for equity markets as central banks in the U.S. and China turn hawkish and the world grapples with the new delta …
Beijing Rail Transit Accepting Digital Renminbi Payments in Pilot Program
The Beijing Rail Transit has launched a pilot program that accepts the country’s CBDC for payments. The digital renminbi can now be used to pay for tickets on multiple railway lines.
Beijing subway network accepts digital RMB
Subway passengers in Beijing can pay their fares using digital renminbi (RMB) starting from Wednesday, according to the Beijing Municipal Commission of Transport. Digital RMB payment option is now …
Biggest China Bank Walks Away From $3 Billion Zimbabwe Coal Plan
China’s biggest bank has dumped plans to fund a $3 billion coal-fired power plant in Zimbabwe, in a blow to a two-decade effort to develop the project, according to a coalition of 32 environmental …
World Bank raises China’s growth outlook to 8.5%
The World Bank raised its forecast of China’s economic growth this year to 8.5 from 8.1 per cent and said Tuesday that a full recovery requires progress in vaccinations against the novel coronavirus.
Berkshire’s Munger says will like to have China’s financial structure in U.S. – CNBC
Berkshire Hathaway Inc’s (BRKa.N) vice chairman Charlie Munger said he would not want all of the Chinese systems, but would like to have the financial part of it in the United States, according to a…
Universities ignore Beijing’s threats to Chinese students
Beijing’s increasingly bold attempts to shape global perceptions means Chinese students and staff on university campuses are frequently targeted, harassed and intimidated, a report finds.
China’s Clampdown Continues | Bitcoin Tumbles And Recovers
Chinese authorities keep issuing red cards to businesses involved in crypto. Bitcoin takes a dip below $30,000 for the first time since January.
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