China-based companies like Oppo … directed them to appoint Indian contract manufacturers, increase local manufacturing down to the component level through joint ventures with Indian businesses, …
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The Commodities Feed: China surprises with a cut in short-term rates
China’s surprise cut in short-term rates has been supportive of metals prices as Beijing appears to be taking measures to support economic growth …
Bank of China to circulate about 200 million Chinese Yuan for blockchain security purposes
On June 12, 2023, BOC International Holdings Limited (BOCI), a subsidiary of the Bank of China, mentioned that it would circulate about 200 million Chinese yuan ($28 million), stated Cointelegraph. It …
China’s Surprise Rate Cut Fuels Expectations of More Easing
China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are …
China Steel Scrap Imports Soared In First Four Months Of 2023
Imports of steel scrap totalled 230,000 mt in the first four months of 2023, up 204% YoY. With the liberalisation of imports of raw materials for secondary steel from January 1, 2021, steel scrap imports…
USD/CNY: Renminbi falters ahead of key China and US news
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…
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 …