Financial markets in China and Asia are experiencing opposite trends. Stock prices continue to climb, buoyed by hopes of US interest rate cuts and local government support, while […]
China’s RWA Market Boosts Liquidity for Non-Financial Assets
The Chinese Real World Asset (RWA) market is transforming the landscape of non-financial asset liquidity, according to Foresight News. This innovation addresses the challenge of dormant assets by […]
Chinese Internet Firms Quietly Exit Cryptocurrency Ventures, Experts Speculate on Potential Shift
Unconfirmed reports suggest that major Chinese internet companies may be exiting cryptocurrency ventures. Allegedly, these firms are withdrawing from stablecoin licensing activities in Hong Kong, a move not […]
China Establishes Stablecoin Supervision Framework with Hong Kong as Pilot
China has taken a significant step towards regulating the stablecoin sector by endorsing coordinated supervision efforts in Hong Kong, utilizing the Hong Kong Monetary Authority (HKMA) to oversee […]
China Endorses Hong Kong’s Stablecoin Regulation: Code Compliance and Audits
China has taken a significant step forward by endorsing a new regulatory framework for stablecoins in Hong Kong, emphasizing code-level compliance and third-party audits. This policy shift, effective […]
Hong Kong’s Stablecoin Hopes Stalled as Mainland Firms Withdraw
China’s cautious approach to digital assets has dealt a blow to Hong Kong’s plans for a stablecoin-based financial hub, as mainland companies are stepping back from participation. Previously […]
China Tightens Crypto Regulations with New Bans on Internet Giants
China’s longstanding stance against cryptocurrencies continues to evolve as regulatory measures tighten. The latest move targets large internet companies, state-owned enterprises in Hong Kong, and financial institutions alike, […]
China Tightens Cryptocurrency Restrictions: State Firms Banned from Crypto Businesses
Chinese state-owned enterprises operating in Hong Kong face new restrictions regarding cryptocurrency and stablecoin activities. The directive aims to shift these firms’ focus away from digital assets towards […]
China’s Hong Kong Crypto Crackdown: Impact on Digital Finance
Hong Kong, the global financial hub, has experienced a significant shift in its digital landscape with Beijing enacting a comprehensive ban on crypto-related businesses. The directive specifically targets […]
Internet Giants Pull Back From Hong Kong’s Crypto Stablecoin Licenses
Major Chinese tech companies are reportedly scaling back their involvement in Hong Kong’s cryptocurrency market. This move follows increased regulatory pressure and uncertainty following China’s 2021 crypto ban, […]
SEC Takes Aim at Chinese Pump-and-Dump Schemes: Targeting Professional Service Providers
The U.S. Securities and Exchange Commission (SEC) has launched a major crackdown against American firms suspected of being involved in cross-border securities fraud schemes originating from China. The […]
China Invests in Stablecoin Research to Shape Global Digital Finance
The National Natural Science Foundation of China (NSFC) has initiated a major research initiative focused on stablecoins, potentially reshaping the global landscape of digital finance. This substantial investment […]
Ant Group to Convert Billions into Digital Energy Assets on Blockchain
China’s tech giant, Ant Group, is taking a bold step towards digitizing the nation’s energy infrastructure with an innovative blockchain initiative. This venture involves tokenizing $8.4 billion worth […]
China mocks US Crypto Policies: CCTV Airs Special on Stablecoins & Decentralization
CCTV, China’s state broadcaster, aired a half-hour special highlighting the U.S.’s alleged attempt to solidify its dollar dominance through stablecoins. The program framed GENIUS Act legislation as a […]
China Sets Highest RMB/USD Rate Since 2024
The People’s Bank of China (PBoC) set the Renminbi’s central parity rate against the US Dollar to a record high of 7.1029, signaling a significant shift in its […]