Tagged: china

October 10, 2021 @ 5:25 pm By Xu Gao  |  

CBIRC Supports Domestic Insurance Companies to Issue Catastrophe Bonds in Hong Kong Market On September 27th, the China Banking and Insurance Regulatory Commission (CBIRC) released the “Notice on Matters Related to Domestic Insurance Companies Issuing Catastrophic Bonds in Hong Kong Market”. According to the document,… Read More

October 6, 2021 @ 8:13 pm By Omar Faridi  |  

The team at Coin Metrics, including researchers Nate Maddrey and Kyle Waters have released their State of the Network Q3 2021 wrap-up report. In the latest edition of the State of the Network report, the Coin Metrics team has taken a data-driven look at what… Read More

October 1, 2021 @ 1:06 pm By Tony Zerucha  |  

Add STASIS CEO Gregory Klumov to the list of cryptocurrency figures who believe China’s recent decision to ban digital assets will not stop the market from growing. A sister company of EXANTE, STASIS is a stablecoin and tokenization platform based in Malta. In late September the… Read More

September 30, 2021 @ 4:07 pm By Tony Zerucha  |  

While China’s ban on cryptocurrency transactions has had a measurable effect on the markets, it’s not a death knell by any means, one industry watcher said. Earlier this month the People’s Bank of China said all virtual currency-related business activities were illegal, claiming it would… Read More

September 30, 2021 @ 10:39 am By JD Alois  |  

China’s policy approach to cryptocurrency is pretty clear. It’s not allowed. While there have been ways to skirt the rules the vice has been tightening for quite some time now. A recent statement by the People’s Bank of China clarified things: “Bitcoin and other virtual… Read More

September 27, 2021 @ 11:52 pm By Omar Faridi  |  

The cryptocurrency markets have been trading down after news of another crackdown on the industry from China. The People’s Bank of China (PBoC) has issued a statement that has reiterated that all cryptocurrency trading activities in the country are illegal, and regulatory authorities will be… Read More

September 26, 2021 @ 9:10 pm By Omar Faridi  |  

As widely reported, China has expanded its ongoing cryptocurrency crackdown. This reportedly includes increasing enforcement against illegal digital currency mining, as well as preventing financial transactions involving crypto-assets. The Chinese central bank also confirmed that any trading, order matching, token issuance and derivatives on cryptocurrencies… Read More

September 26, 2021 @ 2:30 pm By JD Alois  |  

CBIRC is Studying and Developing ESG Investment Guidance for Insurance Funds It is reported that China Banking and Insurance Regulatory Commission (CBIRC) is accelerating research and development of ESG investment guidance for insurance funds. The guidance shall clarify relevant principles for product design, investment process,… Read More

September 24, 2021 @ 11:00 am By Omar Faridi  |  

Nervos, China’s leading public blockchain, has revealed that it will be integrating its testnet and mainnet with Covalent, an established provider of indexing solutions for blockchains, “expanding the availability of data on the network and simplifying the experience for developers building on Polyjuice, an Ethereum… Read More

September 24, 2021 @ 9:49 am By Omar Faridi  |  

Prodigy Finance, the Fintech firm that’s focused on cross-border lending for postgraduate international students, has finalized a funding deal from CPP Investments – which will see the institutional investor offer as much as $500 million of financing via its wholly-owned subsidiary CPPIB Credit Investments Inc….. Read More

September 24, 2021 @ 9:39 am By JD Alois  |  

  China has effectively banned crypto. While the news should not come as any surprise as China has been tightening the regulatory vice for years now, statements by the People’s Bank of China indicate that any hope of crypto access is now dashed for consumers… Read More

September 20, 2021 @ 9:55 pm By Omar Faridi  |  

China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More

September 19, 2021 @ 10:52 am By Xu Gao  |  

E-Sign Completes 1.2-Billion-Yuan E round of Financing On September 13th, digital signature service provider E-Sign completed a 1.2-billion-yuan E round of financing, with participation from Sequoia China, IDG Capital, Hidden Hill Capital, Guangxi Investment Group, Wenshi Investment, Fortune Capital, and Grand Flight. Established in 2002,… Read More

September 15, 2021 @ 8:07 am By JD Alois  |  

As has been widely reported, China Evergrande Group (HKEX:3333), China’s second-largest property developer, is flashing default signals on its corporate debt.  In a corporate statement Evergrande said that the company expects a “significant continuing decline in contract sales in September, thereby resulting in the continuous… Read More

September 13, 2021 @ 9:28 pm By Omar Faridi  |  

China has reportedly introduced the Wealth Management Connect (WMC) along with Hong Kong and Macau in order to conduct cross-border investments in various wealth management products distributed by banking institutions in the region. The Wealth Management Connect trading scheme will be handling 300 billion yuan… Read More

September 13, 2021 @ 7:53 am By Omar Faridi  |  

Blockchain.com, a crypto wallet provider, digital asset exchange, and block explorer service, notes in a recent crypto market report that longtime Bitcoin (BTC) investors have “historically been able to count on two core price dynamics.” As mentioned in a blog post by Blockchain.com, Bitcoin’s price… Read More

September 12, 2021 @ 9:31 pm By Xu Gao  |  

Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Beijing would give priority to the development… Read More

September 12, 2021 @ 1:32 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed its “unaudited” financial results for the quarter and “ended June 30, 2021.” As noted in a release by Qudian, some of the Q2… Read More

September 7, 2021 @ 11:57 pm By Omar Faridi  |  

We recently caught up with Haobo Ma, the CEO and Founder at blockchain platform aelf – which is powered by Cloud computing. Ma talked about his approach to cryptocurrency investments and how he got involved in the space back in 2010, which was when he… Read More

September 5, 2021 @ 5:16 pm By Xu Gao  |  

Data Security Law Comes Into Effect  On September 1st, the Data Security Law came into effect. Together with Cyber Security Law and Personal Information Protection Law, the three regulations shall lay the foundation for information security in China. The 29th session of the Standing Committee… Read More