The U.S. is now the top destination for bitcoin miners, eclipsing China for the first time ever. One-third of bitcoin’s hashrate is in the U.S., according to the Cambridge Centre for Alternative …
Tagged By finance
Binance Will Shut Yuan Trading After Beijing’s Crypto Ban
Binance Holdings Ltd. is shutting down peer-to-peer trading of the yuan, closing one of the last workarounds for Chinese users after Beijing’s blanket ban on cryptocurrency transactions.Most Read from …
China economic collapse: After Evergrande, Modern Land struggling to pay its debts
Shares in Modern Land fell more than 2 per cent in Hong Kong on Monday. The stock is down 45 per cent this year. News of the company’s financial difficulties came on the same day…
Festering Evergrande contagion worries push China spreads to record
Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another …
College Student Innovation, Entrepreneurship Competition Finals Kick off in E. China
The finals of the 7th China International College Students’ “Internet+” Innovation and Entrepreneurship Competition kicked off on October 13th in Nanchang, capital of east China’s Jiangxi Province.
Canton Fair encourages participation of overseas buyers in China
The 130th China Import and Export Fair is encouraging the on-site participation of overseas buyers’ agents and branches in China, according to the Department of Commerce of Guangdong province. Due to …
China Developers’ Bonds, Shares Hit Again by Evergrande Contagion Worries
Shares and bonds of Chinese property companies fell further on Wednesday after China Evergrande Group missed a third round of interest payments on its dollar bonds in three weeks, and as others warned …
Coal Rises to Record in China as Floods Keep Supply Tight
A dramatic surge in coal prices in China is beginning to cool as top production hubs recover from the impact of floods, signaling a reprieve in the nation’s energy crisis.Most Read from BloombergHow …
China Holds Back Fiscal Spending When Economy Needs It Most
China’s economic slowdown is putting the spotlight back on fiscal stimulus — but Beijing isn’t opening the spending taps just yet. While the U.S. government is pushing to raise its debt ceiling and …
China begins massive anti-corruption trawl of banks and other financial organisations
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its €47trn financial system.
China Is Reportedly Targeting Banks. Here’s Why That Could Worsen its Slowdown
President XI has been cracking down on big companies even as he tries to reshape the economy.
China launches new round of graft busting in finance sector
China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings.
China inspects banking regulators in anti-graft campaign
BEIJING: China’s top anti-graft watchdog has kicked off a roughly two-month inspection of the country’s banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist …
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