China

According to a report by Muyao Shen for Bloomberg, some Chinese investors appear to be moving away from cryptocurrencies and back into the nation’s stock market, which has recently surged due to central bank measures. Although crypto trading was officially banned in 2021, Bloomberg reports that many mainland residents have continued to access overseas accounts […]

China’s over-the-counter (OTC) cryptocurrency brokers are seeing record inflows as investors look for alternatives to weak stock and property markets in a slowing economy. According to a recent report by Suvashree Ghosh for Bloomberg, citing a study by Chainalysis Inc., OTC brokers received over $20 billion in each of the first three quarters of 2024, […]

At the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei called on China to keep a close watch on cryptocurrency advancements, according to a recent report by Josh O’Sullivan for Cointelegraph. In his speech, as reported by Sina Finance, Lou pointed out that digital assets could pose serious risks […]

In a recent interview with Yahoo Finance, Steve Sosnick, Chief Market Strategist at Interactive Brokers, discussed China’s new stimulus measures and their potential impact on both the Chinese and global economies. With China’s economy facing immense pressure, the People’s Bank of China (PBOC) has rolled out a series of policies aimed at economic recovery. Sosnick […]

In a revealing update from Russia’s central bank, it’s become clear that amidst ongoing international tensions, the Chinese yuan is emerging as a crucial asset for Russia’s reserve holdings. According to a Bloomberg News article published on March 29, the Russian financial authority has expressed a lack of viable alternatives to the yuan following the […]

On March 14, with Bitcoin trading at around $73,115, Gary Tiu, Executive Director & Head of Regulatory Affairs at OSL Group, provided an in-depth analysis of the evolving landscape of spot Bitcoin ETFs in Hong Kong during his appearance on Bloomberg TV’s “The China Show.” His discussion with Yvonne Man and Annabelle Droulers shed light […]

According to a report by Neil Callanan and Ainslie Chandler for Bloomberg, Chinese investors and their creditors are hastening the sale of real estate assets across the globe as the need for liquidity amid a worsening property crisis in China outweighs the risks of selling into a declining market. This trend is shedding light on […]

Kitco News reports that as the Chinese New Year (CNY) approaches, gold traders and investors are closely monitoring consumer purchases in China, the globe’s largest market for precious metals. This year’s CNY, marking the year of the Wood Dragon, is anticipated with interest due to unique factors that may influence gold sales. Despite high gold […]

According to an article by Xinmei Shen and Matt Haldane for South China Morning Post (SCMP) on 14 December 2023, China is taking a significant step in digital identity management by experimenting with a blockchain-based real-name verification system. This system aims to allow internet users to log into online platforms without divulging personal information such […]

According to the latest reports by China Global Television Network (CGTN) and the South China Morning Post (SCMP), China has officially launched a three-year action plan to spur the innovative development of the metaverse industry. The plan, which will be in effect from 2023 to 2025, was jointly announced by five Chinese ministries, including the […]