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China-Based Funeral Company Shares Surge 80% Since November amid Spike in Covid Cases

China funeral facilitator Fu Shou Yuan saw its shares recently rally to 7.04 Hong Kong dollars after being down 40%. The shares of a China-based funeral company recently surged to a new yearly high following a marked rise in Covid infections. According to a CNBC report, Fu Shou Yuan International Group stock

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China-based regulatory and trade associations target NFTs in latest risk notice

The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs.In a Wednesday notice, the three associations launched initiatives aimed at encouraging innovation in the crypto and blockchain

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First China-Based Blockchain ETF Awaits Regulatory Approval

Penghua Fund, an asset management firm based in the Guangdong province of China, has filed an application to list a blockchain-centered exchange traded fund (ETF) in China.Shanghai Securities News reported that if the application is approved, which is currently under review by China Securities Regulatory Commission, this would mark the

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