News list for " China"

China Real Estate Investment plans to acquire and hold BNB as a strategic reserve asset

China Real Estate Investment (00736) announced that in order to promote the company's strategy of diversifying its asset allocation and seizing the development opportunities of the digital economy, it has decided that the company plans to use equity funds to purchase and hold BNB (Binance Coin) and other suitable digital assets in the open market as the company's strategic reserve assets under the premise of complying with relevant laws and regulations and risk control. Company President...

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2025-12-16 14:25:21
The People's Bank of China authorizes DBS Bank to act as the RMB clearing bank in Singapore

The People's Bank of China announced on December 15 that according to the Memorandum of Cooperation between the People's Bank of China and the Monetary Authority of Singapore, the People's Bank of China has decided to authorize DBS Bank Limited to serve as a RMB clearing bank in Singapore. The reporter learned that DBS Bank is the first local bank in Singapore to serve as a RMB clearing bank. The relevant person in charge of DBS Bank said that the approval of the RMB clearing bank qualification ...

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2025-12-15 11:39:26
The People's Bank of China: Continue to implement a moderately loose monetary policy and promote the internationalization of the RMB

The Party Committee of the People's Bank of China held a meeting, and the third point of the meeting notes pointed out: continue to implement moderately loose monetary policy and accelerate the structural reform of the financial supply side.

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2025-12-12 12:36:27
US Tech Giants Unite to Battle China’s Open-Source AI Dominance
US Tech Giants Unite to Battle China’s Open-Source AI Dominance

Anthropic and OpenAI donate key protocols to Linux Foundation as China overtakes US in open-source AI downloads.

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2025-12-09 23:09:33
China's central bank has increased its gold holdings for the 13th consecutive month

According to gold ten data reported that China's gold reserves at the end of November 74.12 million ounces (about 2305.39 tons), an increase of 30,000 ounces (about 0.93 tons), for the 13th consecutive month of gold holdings.

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2025-12-07 03:03:46
China's Z-Image Dethrones Flux as King of AI Art—And Your Potato PC Can Run It
China's Z-Image Dethrones Flux as King of AI Art—And Your Potato PC Can Run It

The six-billion-parameter model is beating Flux2 on hardware from 2019, and the open-source community is going wild.

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2025-12-02 02:21:27
China Eyes Fresh Crackdown on Crypto Amid Resurgence in Speculative Trading
China Eyes Fresh Crackdown on Crypto Amid Resurgence in Speculative Trading

Authorities warn that crypto activity remains illegal and poses renewed risks despite years of enforcement.

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2025-12-01 15:56:46
The People's Bank of China: Continue to adhere to the prohibitive policy on virtual currencies and continue to crack down on illegal financial activities related to virtual currencies

The People's Bank of China held a meeting on the coordination mechanism for combating speculation in virtual currency transactions. The meeting required all units to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the 20th Plenary Session, take risk prevention and control as the eternal theme of financial work, continue to adhere to the prohibitive po...

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2025-11-29 07:06:09
People's Bank of China: Stablecoins are a form of virtual currency, and virtual currency-related business activities are illegal financial activities

On November 28, 2025, the People's Bank of China held a meeting on the coordination mechanism for combating speculation in virtual currency transactions. The meeting emphasized that virtual currencies do not have the same legal status as legal tender, do not have legal compensation, should not and cannot be used as currency in the market, and virtual currency-related business activities are illegal financial activities. Stablecoins are a form of virtual currency that cannot currently effectively...

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2025-11-29 06:35:50
China State-Backed Hackers Used AI To Launch First Massive Cyberattack: Anthropic
China State-Backed Hackers Used AI To Launch First Massive Cyberattack: Anthropic

The company said Chinese hackers used its Claude Code system to run agentic cyber intrusions in 30 companies.

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2025-11-13 23:10:54
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