Shanghai, the financial powerhouse of China, recently disclosed ambitious plans to generate approximately $6.9 billion in metaverse-related revenues in the culture and tourism sectors by the end of ... ( read original story ...)
China’s biggest IPO in years poses $9bn question for western banks
Goldman Sachs and others seek clarity over planned Shanghai listing of Swiss agricultural chemicals group Syngenta. ( read original story ...)
Shanghai Aims to Generate $6.9B Annually with Web3 Tourism Projects
Shanghai aims to build thirty culture and tourism metaverse projects based on virtual performances, digital artwork, and smart tourism by the end of 2025. The metaverse technology will be integrated ... ( read original story ...)
China should allow cross-border data sharing, financial lobby group says
China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its ... ( read original story ...)
Stock market today: Asia mixed after Wall St drifts lower following run-up
BEIJING — Asian stock markets were mixed Tuesday after Wall Street drifted lower following its latest rally. Shanghai and Hong Kong advanced. Tokyo and Seoul declined. Oil prices rose. ( read original story ...)
American banks face $9b dilemma with China’s mega IPO
In an era of mounting geopolitical tension, American banks find themselves entwined in a $9 billion conundrum connected to Syngenta’s imminent initial public offering (IPO) in China. This ... ( read original story ...)
Shanghai Clearing House Launches Commodities Trading in Digital Yuan
Shanghai Clearing House has launched a digital yuan clearing and settlement services for trading in commodities ... ( read original story ...)