Chinese investors could play a crucial role in propelling Huawei’s growth, similar to the success story of SMIC, a chipmaker delisted from the US but thriving after a Shanghai IPO. By raising capital ... ( read original story ...)
Shanghai performs the world’s first cross-border settlement using the digital yuan
The Bank of China’s Shanghai branch has successfully executed a 100-million-yuan ($14 million) payment using its central bank digital currency (CBDC), e-CNY. Local sources indicate the overseas ... ( read original story ...)
ChipMOS To Sell Its Stake In Unimos Shanghai For $137.1 Mln
ChipMOS TECHNOLOGIES INC. (IMOS), a Taiwanese semiconductor company, Thursday said its unit ChipMOS BVI will sell its entire remining ... ( read original story ...)
China digital currency: Bank of China completes cross-border settlement for precious metals trading using e-CNY
China has been expanding the use of its sovereign digital currency in cross-border businesses, with the Bank of China completing the first cross-border settlement for precious metals trading. ( read original story ...)
Historic cross-border e-CNY Gold purchase in Shanghai
In a historic move, the first-ever cross-border settlement for precious metals using the digital yuan, also known as the e-CNY (Central Bank Digital Currency), was successfully executed in 2023. The ... ( read original story ...)
Shanghai New Year drone display was pre-recorded
It shows 2,000 drones taking off against the dramatic skyline of Shanghai's Pudong district ... people who were watching from the riverside area The Bund across from Pudong "say they didn't ... ( read original story ...)
China’s Shanghai endures worst cold snap in 40 years
China's financial hub Shanghai was set to record its chilliest period in December in four decades, spurring authorities to issue warnings for low temperatures and wind, while northern cities battled ... ( read original story ...)