Any speculation concerning the discussion of new operations of the NDB in Russia is "unfounded," the bank said in a Wednesday statement. ( read original story ...)
Chinese bank launches CBDC-powered settlement service for bulk commodity spot clearing
In a significant move towards embracing the digital yuan, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has introduced the country’s inaugural central bank digital currency ... ( read original story ...)
Alibaba-backed property brokerage E-House’s debt revamp plan approved by 75 per cent of bondholders
Creditors of E-House (China) have approved a debt restructuring plan, paving the way for the property brokerage and consultancy to finalise a solution on two bond defaults totalling US$600 million. ( read original story ...)
Ant IPO Gets Back To Where It All Began
Although it is not hard to understand the Politburo statement’s focus on boosting the consumption of automobiles, electronic products, and household appliances, “activating” the mainland market is ... ( read original story ...)
BRICS bank NDB says not considering new projects in Russia
The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia as it operates in line with restrictions imposed in financial and capital ... ( read original story ...)
How Jack Ma’s Ant Group Is Inching Toward IPO Reboot
Chinese regulators torpedoed what would have been a record initial public offering by financial technology giant Ant Group Co., sending shock waves across global capital markets. They imposed new ... ( read original story ...)
Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more
A Japanese blockchain firm dealing with grid ledger systems has announced the price of its initial public offering on Nasdaq. ( read original story ...)