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 ...)
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 ...)
China’s Huawei could be the surprise IPO of 2024
Huawei’s CEO Ren Zhengfei always insisted that the telecoms giant he founded will never become a publicly traded company and that it would instead focus on working for the bigger ideals of society. An ... ( read original story ...)
Stock Market Today: Asian Shares Are Mixed as Bank of Japan Keeps Its Monetary Policy Unchanged
Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 19, 2023. Asian shares were mixed Tuesday after a seven-week winning ... ( read original story ...)
Zootopia comes to life: Disney’s newest attraction set to open in Shanghai
Disney will open its first Zootopia-themed attraction in Shanghai, capitalizing on the post-pandemic desire for travel and experiences in China. Visit the Zootopia-themed site at Shanghai Disney ... ( read original story ...)