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China
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CryptoCurrency
Wall Street Bitcoin Miners Equipment Worth Millions Stranded as U.S. Tightens Screws
2024-11-26T10:07:58.694+02:00
U.S. Customs is allegedly detaining the latest-model Bitmain Bitcoin mining equipment at multiple ports.
Bitcoin mining firms from Wall Street face mounting storage fees and delays exceeding two months.
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CryptoCurrency
Bitcoin Nears $100,000 as China Clarifies Personal Crypto Rights
2024-11-22T11:44:16.398+02:00
China's crypto regulations target businesses, while personal ownership is allowed.
Bitcoin surged past $99,000, with speculation growing over its potential to hit $100,000 soon.
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Executives
China Lacks CFDs Regulation, but Deposits Are “High and in Line with Europe”
2024-11-08T13:00:00.000+02:00
Finance Magnates recently sat down with Sophie Squillacioti, MultiBank’s Head of China Sales, to discuss the Chinese CFDs market.
Trading volume in China is “very high, which aligns with the Chinese thought process and interest in speculation.”
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Arnab Shome
Retail FX
Saxo Closes Hong Kong and Shanghai Offices, Focuses on Singapore
2024-09-30T10:26:24.417+02:00
The firm cites “geopolitical changes” in Hong Kong as a key reason for the office closure.
The company posted a $4.3 million loss from its Hong Kong operations in 2023.
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FinTech
PayPal Expands in China: Seeks a Piece of the $331 Billion Industry
2024-09-30T10:06:06.888+02:00
The American payments giant has launched a new “all-in-one” payment platform for Chinese merchants.
Chinese merchants can easily reach over 400 million active PayPal users and billions of international consumers.
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Payments
"The Numbers Are Beautiful:" AliPay+ Europe GM Discusses EURO 2024 Impact
2024-06-26T18:08:10.872+02:00
How AliPay+ is boosting transactions in Europe.
"Stay Global, Act Local:" Pietro Candela on the future of digital payments.
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Pedro Ferreira
Payments
China Pushes Visa and Mastercard to Lower Foreign Card Fees
2024-06-21T10:22:58.789+02:00
The Payment & Clearing Association of China is pushing to reduce foreign card transaction fees to 1.5%.
China aims to ease payments for visitors by cutting fees for foreign bank cards.
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Payments
Hong Kong Trials China's e-CNY
2024-05-17T05:00:00.000+02:00
A springboard for global ambitions.
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Payments
The E-CNY: China's Digital Dilemna
2024-05-13T18:00:00.000+02:00
The challenges of a digital currency revolution.
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Payments
Mastercard NetsUnion Breaches China's Payments Frontier
2024-05-09T17:13:12.888+02:00
Over the Great Wall.
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FinTech
Mastercard NetsUnion JV Launches in China for Global Payment Connectivity
2024-05-09T11:38:31.811+02:00
Mastercard is the second foreign bank card clearing institution to enter China following American Express.
The partnership processes payments in China and accepts Mastercard for both local and global transactions.
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Payments
Folding the Yen: How a Humble QR Code is Unifying Asian Payments
2024-04-15T18:00:00.000+02:00
The story of QR code payments in Asia is far from a finished one
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Payments
Payments, Tech Tumult, and Africa's Digital Crossroads
2024-03-15T18:00:00.000+02:00
Opportunity knocks, but challenges loom.
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Pedro Ferreira
FinTech
China's De-Dollarization Efforts and the Shifting Dynamics in the Global Banking Industry
2024-01-25T16:24:59.681+02:00
Banking in the era of de-dollarization.
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CryptoCurrency
China Busts $2.2B Money Laundering Ring Involving Crypto Platforms
2023-12-27T09:37:06.847+02:00
The underground operations transferred the money utilizing over a thousand bank accounts.
China only allows foreign exchange transactions up to $50,000 a year.
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FinTech
Microsoft Explores Opportunities in China as EU Deliberates AI Regulation
2023-12-07T20:03:45.788+02:00
What's next for the AI industry?
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FinTech
Mastering New Horizons: Mastercard's Foray into China's Payments Market
2023-11-21T21:36:54.945+02:00
Mastercard's entry into China and President Xi Jinping's pledge of partnership.
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FinTech
The Great Wall of Algorithms: US-China Relations and the Future of Global AI Governance
2023-11-17T16:05:59.921+02:00
Can divergent paths have converging codes?
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Retail FX
Short Selling Regulations Expected to Boost Trader Activity in China
2023-10-16T15:45:36.265+02:00
China tightens short-selling rules to boost the ailing stock market.
New measures raise margin ratios for hedge funds and other investors.
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Retail FX
China Implements New Restrictions on Offshore Trading
2023-10-12T09:10:48.830+02:00
The impending deadline in October for app removal is expected to impact financial firms.
Futu Holdings and UP Fintech took early measures in response to the evolving regulatory environment.
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FinTech
Nuvei's Asia-Pacific Expansion: Unveils New Office in China
2023-10-03T17:33:14.251+02:00
The Canadian fintech firm targets e-commerce businesses in the APAC region.
Nuvei currently offers cross-border payment services to some of the companies in China.
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Trending
China’s Fat Cats Turning to Divorce for Quick Stock Sales
2023-09-14T12:04:35.793+02:00
Wealthy Chinese couples are divorcing to allow quick sales of their stock.
The law currently forbids sales of more than 2% of a stake within 90 days.
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Trending
Deflation: When Falling Prices Pose Economic Challenges
2023-08-23T15:59:46.372+02:00
Is deflation upon us?
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Institutional FX
Lirunex Expands Reach: Enhances FX and CFD Services in China, Thailand, and Vietnam
2023-08-21T16:45:00.927+02:00
The company offers diverse trading services, including forex, commodity trading, and CFDs.
The expansion is part of Lirunex's market expansion in the APAC region.
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Institutional FX
Mainland China and Hong Kong to Bolster Stock Connect with Block Trading
2023-08-11T16:31:22.885+02:00
Stock Connect, a cross-border shares trading channel, was introduced in 2014.
Earlier, CSRC and SFC signed an MoU on cross-border stock listing.
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See more
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