A Chinese report hinted at the country’s government considering forming regulations for Initial Coin Offerings (ICOs). Meanwhile, a China-headquartered venture fund announced a massive 200,000 ether (ETH) budget for investing in U.S.-based blockchain and ……
Tagged By finance
China backs $15bn tech fund to compete with Japan’s SoftBank
China Merchants Fund, to set up one of six funds to participate in tech IPOs as cornerstone investors. The group’s financial arm is active in the Chinese tech sector, recently securing a role as one…
Washington and its allies need to contain Beijing
Now, Beijing has rebuffed Washington’s efforts to engage on the issue. President Xi Jinping told US defence secretary Jim Mattis in Beijing last week that China would not yield “one inch” of the crucial waterway…
China central bank issues guidelines on boosting support for small firms
BEIJING (Reuters) – China’s central bank on Monday issued guidelines for increasing financial support for smaller companies, including expanding financing channels for them, improving the business environment and implementing favorable tax policies. ( read original…
Expat banking woes in Beijing
If there is one tip I need to give to newbie expats in China, it would be “avoid going to a bank as much as possible.” It is too much of a hassle and a…
China set to tackle overseas investment risk
Two risk metaphors have been a leitmotif of China’s financial governance since the change of leadership in 2017, Black Swans and Grey Rhinos. Black swans are improbable unforeseen risks that arise from the blue. Grey…
China’s move to ease foreign investment curbs leaves trade experts unimpressed
China on Thursday eased restrictions on foreign investment in sectors ranging from agriculture to banking, as Beijing and Washington continue to spar in a widening trade dispute. The move is seen as only a small…
China to abolish foreign ownership caps in finance in 2021
BEIJING — China released its latest list of areas off limits to foreign investment on Thursday, cutting the number of restrictions to 48 from 63 as it opens more markets, most notably in finance. The…
China sends mixed signals on U.S. trade war
Yahoo Finance’s Melody Hahm, Editor-in-Chief Andy Serwer, Jared Blikre and Julia La Roche discuss today’s big stories. Today’s topics include: ( read original story …)
Trump’s Trade Threats Hit China’s Stock Market and Currency
SHANGHAI — Months of struggling with economic problems at home and bickering with President Trump over trade are starting to take their toll on China’s financial health. China’s stock market has now fallen close to…
China central bank to keep policy neutral, liquidity reasonably ample
BEIJING (Reuters) – China’s central bank said on Thursday it will maintain a prudent, neutral monetary policy, neither too tight nor too loose, and keep liquidity reasonably ample. The People’s Bank of China (PBOC) will…
A group linked to the Chinese government has warned of a looming ‘financial panic’
It’s now starting to look a bit like 2015, a period when Chinese financial markets were in meltdown. China’s National Institution for Finance and Development (NIFD), a Chinese government-backed think tank, warned this week of…
China rejects US concerns over South China Sea militarisation
China’s President Xi Jinping told visiting US defence secretary Jim Mattis that China would not yield “one inch” of the South China Sea, rebuffing Washington’s efforts to engage Beijing on the issue. Mr Mattis was…
