The renminbi crash continued this week ahead of key economic events in the United States and China. The USD/CNY soared to a high of 7.15 on Tuesday, the highest level since November last year. Its…
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China cuts key policy rate in ‘clear loosening signal’ to support economy after weak trade, inflation data
China’s consumer prices grew mildly in May, while factory-gate deflation deepened, adding to concerns over the economy. Export growth also tumbled in May, indicating weak external demand. During his …
As America paints crypto into a corner, the Bank of China issues $28m of tokenised securities on Ethereum
While the war on crypto in the US commanded by generals SEC chair Gary Gensler and Democratic senator Elizabeth Warren is in full assault mode, it seems like the Bank of China, via Hong Kong,…
BOCI launches China’s first tokenized security on Ethereum
BOCI, Bank of China’s investment banking subsidiary, has etched its name into the annals of the financial industry by launching China’s inaugural tokenized security in Hong Kong. The innovative issue, …
Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.
Bank Of China’s Investment Subsidiary Issues Ethereum-Based Tokenized Securities In Hong Kong
New regulatory guidelines have catalyzed buoyant activity in Hong Kong crypto sector. China published a white paper on Web3 innovation and development. The move marks BOCI as the pioneer among Chinese …
Amid US de-risking talk, as the world relies more on China’s exports, China is learning to rely more on itself
Meanwhile, China’s exports to the world have risen to record highs in recent years. China may be exporting less directly to the US, but it is exporting more indirectly – supplying key inputs to other…
Flight training for Chinese military pilots targeted in latest US export crackdown
The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training …
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
BOCI offered CNH 200 million ($28 million) of structured notes, with Swiss banking giant UBS underwriting the issuance and placing with clients in Asia Pacific. This was the first time a Chinese …
China – the world’s biggest auto exporter in 2023?
China’s Personal Vehicle (PV) exports showed a strong upward trend from January to April this year, in contrast to the unsatisfactory domestic market performance in 2023. In the first four months of …
Decline of foreign banks’ IPO role driven by competition, not closed system: experts
Market insiders said that the decline of foreign banks’ involvement in IPOs in the Chinese mainland mainly reflects market competition, instead of what foreign media claim the result of a so-called …
U.S. limits exports to flight schools, others for training Chinese military pilots
The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training …
China’s plunging share of U.S. imports
China’s share of U.S. goods imports fell to 13.3 percent in the first four months of 2023, putting it on track for the lowest annual level since 2004. Although trade between the two countries hit…