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Digital Currency
China is taking the lead in the race to become the first major economy to officially launch a sovereign digital currency, as its ongoing pilot programs have made headlines and its central bank officials have been offering explanations about the issue and what’s behind Beijing’s digital yuan ambitions.
In Depth: China’s Digital Currency Ambitions Lead the World
The future of money is electronic and Beijing wants to own it
Opinion: Is the World on the Brink of an Entirely New Era?
If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold
New York, Singapore Top List of Most Expensive Cities in the World
Tel Aviv, which held the No. 1 spot last year, got knocked down to third, while Hong Kong and Los Angeles rounded out the top five priciest places to live
Singapore’s Temasek Writes Down $275 Million FTX Investment
Confidence in cryptocurrency exchange founder Sam Bankman-Fried ‘would appear to have been misplaced,’ state-owned investor says
Hong Kong Crypto Firm Says Deposits at Risk After FTX Meltdown
New Huo Tech has around $18 million of digital currency assets deposited with the embattled crypto exchange
China and Pakistan Set Up Offshore Yuan Clearing
South Asian nation becomes third country to do so this year, enabling use of Chinese currency in cross-border trade and investment
Ant Digital Bank Expands in Singapore With Small Business Loans
Chinese fintech giant’s ANEXT Bank offers loans of $3,500 to $70,000 to small and medium-sized operations
Shanghai Composite Index Rose 1.15% on Wednesday
Shenzhen Component Index closed up 1.33%
CX Daily: Yuan Gets More International Love As Dollar Rivalry Grows
Xi says China will build a stable supply chain system with Vietnam. The country’s manufacturing contracts for the third straight month, Caixin PMI shows
CX Daily: The Evolution Of Crime In China
Four Chinese nationals are among more than 150 people killed in a Halloween crowd crush in Seoul. Chinese yuan becomes the world’s fifth-most traded currency, a survey finds
Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says
Central Bank Governor Yi Gang outlines e-CNY measures to protect personal data while combatting illicit activities
China to Maintain Prudent Monetary Policy to Keep Yuan Stable, PBOC Governor Says
Yi Gang also said Beijing will further increase credit support for the real economy, while strengthening and improving financial supervision
Weekly Must-Read: The Sudden Reversal of the Global Chip Shortage
China has been striving to become self-sufficient in semiconductors for over a decade and accelerated its efforts when Washington placed Huawei on a trade blacklist in 2020
New Visa to Let Tourists With $130,000 Live in Bali for 10 Years
Indonesia adds to a list of countries from Costa Rica to Mexico offering long-term stays to lure professionals, retirees and other affluent people
Shanghai Composite Index Ended Nearly Flat on Tuesday
Shenzhen Component Index closed down 0.51%
Shanghai Composite Index Fell 2.02% on Monday
Shenzhen Component Index closed down 2.05%
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