Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021
The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report. Source
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Shanghai
Shanghai Government Invests $5M in Conflux
Blockchain startup Conflux has received over $5 million research grant from the Shanghai Science and Technology Committee and Changning District government, which is part of the city’s municipal government. The Beijing-based firm touted that it has become the only public, permissionless blockchain project backed by the Chinese government, according to the
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Shanghai, Hong Kong Stock Exchanges Halt Ant Group’s IPO
[UPDATED] Ant Group’s IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China’s regulatory environment for fintech firms that are expected to affect the company. The Shanghai exchange said Tuesday that the changes will create new requirements such as more financial disclosures
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Tesla to Begin Shipping Shanghai Made Cars, TSLA Stock Up 3.61% Now
The shares price of Tesla (TSLA) has been fluctuating since the stock split. However, today in the pre-market the stock is up amid the news from Tesla Shanghai Gigafactory.Electric auto giant Tesla Inc (NASDAQ: TSLA) is set to start shipping out its Model 3S cars made in its Shanghai Gigafactory.
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Jack Ma’s Ant Group Files for a Big Dual IPO in Hong Kong and Shanghai
CICC, Citigroup, JPMorgan, and Morgan Stanley will be advisers on the Hong Kong Ant Group’s listing plan, while CICC and CSC Financial will underwrite the Shanghai leg of the IPO.China’s largest fintech company Ant Group, formerly known as Ant Financial Services Group or Alipay, is planning to go public. On
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Ant Financial Plans Dual IPO Listing in Shanghai and Hong Kong
The Ant Financial management believes that their move to go for an IPO and become a public company will enhance transparency to their stakeholders.In an initial public offering (IPO) set to be debuted on two stock exchanges, Chinese fintech firm Ant Financial Service Group is set to raise capital to
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This Eerie Shanghai Composite Fractal Predicts Bitcoin Will Surge Past $10k
Bitcoin was once branded as an asset that was uncorrelated from the rest of the financial markets.Look no further than a survey of institutional investors by Fidelity Investments. It found that a good portion of this group want to buy cryptocurrencies because they are a valuable portfolio diversifier that is
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Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as signs of a fraudulent offering.The article, published on May 12 on Chinese social media platform QQ, consists of 16 answers to common questions that
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Binance Academy Establishes Physical Presence in Shanghai
Binance Academy has entered into an agreement with Shanghai’s local government to set up an office in the country. The initiative will reportedly be devoted to research blockchain technology in accordance with an Oct. 24 statement from Xi Jinping promoting its use.As announced on March 27 by local news
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Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
Formed in 2016, CMCC is one of the first Asian venture funds to invest in blockchain technical infrastructures such as the ethereum network, The firm raised over $30 million for its third blockchain fund from Japanese social media giant Line as well as from one of the largest family offices
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