#China#

#China#

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China, officially known as the People's Republic of China (PRC), is a country in East Asia and the world's most populous country, with a population of around 1.404 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third or fourth largest country by total area.
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China Inflation Data On Tap For Monday

China will on Monday release December figures for consumer and producer prices, highlighting a light day for Asia-Pacific economic activity. Overall inflation is predicted to rise 0.4 percent on month and 0.1 percent on year after sinking 0.6 percent on month and 0.5 percent on year in November. Pro

Central Bank Digital Currencies More Popular than Ever

Photo: Rachel McIntosh 2020 will go down in history as The Year™ of many things: COVID, of course; the year of one of the most divisive U.S. presidential elections in history. (And, perhaps for some crypto hopefuls, the year that Bitcoin regained $20,000.) However, 2020 will also likely go down in

Goldman Sachs One Step Closer to Buy 100% of China Securities Venture

Photo: Reuters Goldman Sachs has reportedly signed an agreement to take its holdings in Beijing-based Goldman Sachs Gao Hua Securities from 51 percent to 100 percent. If approved, the US bank would become the latest global lender to take advantage of Beijing’s commitment to ease foreign-ownership re

China's Exports Growth Tops Expectations

China's exports grew more than expected in August mainly due to base effects, while imports dropped unexpectedly from last year, data from the General Administration of Customs showed Monday. Exports grew 9.5 percent on a yearly basis in August, faster than the expected increase of 7.1 percent. At t

Chinese Police Seize Over $4.2 Billion from Plus Token Proceeds

Photo: Finance Magnates The Chinese police have seized more than $4.2 billion worth of cryptocurrency assets in its crackdown against the Plus Token scheme, a recent local court ruling revealed. According to a report by The Block, the Jiangsu Yancheng Intermediate People’s Court ruled against the pe

BREAKING - China’s Leading Blockchain Infrastructure Provider Adds Polkadot

Photo: Finance Magnates Blockchain Service Network (BSN), a China-based blockchain infrastructure provider, backed by the Chinese Government announced that it has integrated cross-chain communication blockchain protocol Polkadot, Oasis and a Chinese focused public chain initiative Bityuan into its n

UPDATES - China Construction Bank Cancels $3 Billion Digital Bond Listing

Photo: TINGSHU WANG/REUTERS Digital asset exchange, Fusang announced that China Construction Bank (CCB) has requested to cancel the $3 billion digital bond listing that was supposed to support trades in USD and Bitcoin. The exchange received a letter from CCB Labuan to cancel the issuance on 20 Nove

BREAKING: Australia's Exports Increase In October

Australia's exports increased in October on record iron ore shipments, preliminary data from the Australian Bureau of Statistics showed Tuesday. Exports grew 6% month-on-month to A$30.53 billion in October. On a yearly basis, exports were down 3% in October. Australia exported a record A$13.46 billi

UPDATES - OCC’s Proposed Rule Could Relieve Pressure on Crypto Banking Relationships

Photo: DepositPhotos A new Notice of Proposed Rulemaking by the United States Office of the Comptroller of the Currency (OCC) on Friday could ensure fair access to banking services to “legal but disfavored” companies that have previously struggled to build working relationships with banks. According

PBOC sets USD/ CNY reference rate at 6.6285

On Friday, the People’s Bank of China (PBOC) set the USD/ CNY reference rate at 6.6285 vs. Thursday’s 6.6236. PBOC injected CNY160 billion yuan through seven-day reverse repo. USD/CNY range play intact USD/CNY keeps its recent range trade intact, now posting small gains near the 6.6160 region.

BREAKING - Binance Grants $200,000 to Investigators for Identifying Exchange Hackers

Photo: Binance CEO Changpeng Zhao Cryptocurrency exchange Binance announced today that it has awarded $200,000 to investigators for providing information about attackers and for the details about how the attack was carried out in March 2018. According to the official announcement, the U.S. Departm

BMLL Collaborates with DIH to Expand in the US

Photo: Bloomberg Data and analytics company, BMLL Technologies, today announced a partnership with Data in Harmony (DIH) to expand its presence in the US region. The new partnership allows the US-based market participants to access BMLL Data Lab and Data Feed through DIH. According to the press re

China Stock Market May Add To Friday's Gains

The China stock market returned from its long National Day holiday to the upside on Friday, after finishing lower in four of five sessions before the break. The Shanghai Composite Index now sits just above the 3,270-point plateau and it's got a positive lead again for Monday's trade. The global fore

China's Service Sector Growth Accelerates In September

China's service sector registered a strong growth in business activity in September, signaling a further recovery from the coronavirus pandemic, survey data from IHS Markit showed Friday. The Caixin composite services Purchasing Managers' Index rose to 54.8 in September from 54.0 in August. This was

Higher Open Predicted For Taiwan Stock Market

Ahead of Friday's holiday for National Day, the Taiwan stock market had climbed higher in seven straight sessions, surging more than 640 points or 5.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 12,750-point plateau and it's expected to open in the green again on Mond

Pull-up Update

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