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China Should Use Offshore Stablecoin to Boost Global Currency Role, Experts Say

China Should Use Offshore Stablecoin to Boost Global Currency Role, Experts Say

Economists Shen Jianguang and Zhu Taihui have argued that launching a yuan-backed stablecoin outside mainland China, starting in Hong Kong and late...
China’s tech giants are moving away from Nvidia

China’s tech giants are moving away from Nvidia

Chinese tech giants are tearing themselves away from Nvidia after being backed into a corner by the White House.
Chinese AI firms are thriving despite US chip restrictions

Chinese AI firms are thriving despite US chip restrictions

Tencent and Baidu, two of China’s top tech giants, say they have found ways to stay competitive in the global race for artificial intelligence even...
PBOC governor announces a 0.5% RRR cut to support economic growth

PBOC governor announces a 0.5% RRR cut to support economic growth

China’s central bank (PBOC) plans to cut the reserve requirement ratio by 0.5%.
Foreign investors lured to high-yielding Chinese bank debt

Foreign investors lured to high-yielding Chinese bank debt

Investors have found a safer haven in unstable markets: Chinese interbank debt instruments. Foreign investors have begun to take advantage of favor...
Hex Trust Secures Major Payment License from Singapore’s MAS

Hex Trust Secures Major Payment License from Singapore’s MAS

Hex Trust has obtained a Major Payment Institution (MPI) license from Singapore’s MAS, allowing it to offer regulated digital asset services and ex...
SBI VC Trade Gains Approval to Support USDC in Japan

SBI VC Trade Gains Approval to Support USDC in Japan

SBI VC Trade has become the first financial platform in Japan to secure registration for USDC transactions, marking a major step forward.
China to Adopt Blockchain Technology for National Data Infrastructure by 2029

China to Adopt Blockchain Technology for National Data Infrastructure by 2029

China announces a national data infrastructure initiative, leveraging blockchain technology to enhance transparency and trustworthiness in data man...
Chinese banks raise mortgage rates for the first time in 3 years

Chinese banks raise mortgage rates for the first time in 3 years

Data from a research firm revealed on December 19 that Chinese banks raised new mortgage costs for the first time in three years. The data also ind...
Solana Ecosystem Outpaces Ethereum in Terms of New Crypto Developers: Report

Solana Ecosystem Outpaces Ethereum in Terms of New Crypto Developers: Report

In 2024, 7,625 new developers used Solana ecosystem, while 6,456 developers have explored Ethereum. The post Solana Ecosystem Outpaces Ethereum in ...