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Digital Currency
While the Chinese government is concerned about the uncertain impact of Facebook's blockchain-based Libra, the PBOC is preparing to roll out its own digital currency soon.
In Depth: Facebook’s Cryptocurrency Ambition
Proposed Libra currency would start with a huge platform but still face regulatory doubts and management questions
Caixin China Biz Roundup: The Loophole Feeding China’s Ballooning Credit Card Debt
In today’s episode: the murky world of “cash out services”; Harvard University and MIT gear up for a legal battle against U.S. immigration authorities over new student visa policy; and ride-hailing giant Didi collaborates with central bank on a digital currency trial
China Business Digest: Tech Stock Surges 10-Fold on STAR Market Debut; Foreign Minister Calls for ‘Tough Issues’ Talks With U.S.
Kangmei’s controlling shareholder is placed in custody after the drugmaker’s $12.6 billion reporting fraud; PICC’s 2nd-largest holder to sell down stake
Didi Partners with Central Bank on Digital Currency Trial
Ride-hailing giant joins growing list of banks and companies testing PBOC’s digital yuan in real-life scenarios with development project underway since 2014
China Business Digest: Didi to Test China’s Homegrown Digital Currency; Harvard, MIT Sue Immigration Authorities on New Student Visa Rules
Blued dating app operator shares soar on Nasdaq debut; Ant Financial plans a Hong Kong IPO; ex-wife of embattled Jia Yueting hit with travel ban over debt
Opinion: Hainan Will Be Its Own Thing, Not Another Hong Kong
Discount e-commerce specialist’s rapid rise is built on strategy of targeting less-affluent consumers with strong social elements like group buying and games
China Crypto Miner Ebang Plans to Start Bitcoin Exchange in 2020
After raising $100 million in U.S. IPO Friday, Ebang moves to launch offshore digital exchange in diversification step that may ease wild volatility of crypto currency
Caixin Insight: CSRC Chief Signals Support for Joint Inspections of Listed Companies
A positive sign for Chinese firms on U.S. exchanges amid rush for the exits, plus comments from the Lujiazui forum
Caixin Summer Summit 2020: Restoring Global Confidence (Video)
The Caixin Summer Summit is Caixin’s mid-year conference, held this year to pro-mote international cooperation, support each other during this difficult time and share opportunities for future cooperation.（Jun 21）
China Business Digest: China and U.S. Hold ‘Constructive’ Talks in Hawaii; CSRC Chief on U.S. Regulators’ Access to Audits of Chinese Firms
Chances of big new China stimulus appear slim; Covid-19 surge in Beijing comes under control; JPMorgan to operate first fully foreign-owned futures venture
China Plans to Revise Law Governing the Central Bank This Year
Some legislators have reportedly suggested the central bank strengthen its role in risk management and policing of financial institutions
China’s Taste for Thai Durians Undiminished by Coronavirus
Cultivation of the ‘king of fruits’ soars to satisfy world’s largest importer
In Depth: China’s Recovery From Coronavirus Epidemic Better Than Expected, PBOC Chief Says
Yi Gang talks about the economy, digital currencies and market opening at a recent Caixin Roundtable
Caixin China Biz Roundup: China Launches Digital Currency Pilot Test in Four Cities
In today’s episode: Behind the nation’s latest and boldest virtual currency experiment; India gets tough on ‘opportunistic takeovers’ by Chinese players; and three rules that may help businesses survive these troubled times
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