Bybit CEO Ben Zhou posted on social media that it detected hackers trying to transfer BTC through Chainflip. It is hoped that the cross-chain bridge project will help Bybit prevent and prevent further transfer of assets to other chains. Bybit will soon issue a bounty program to anyone who helps it block or track down funds leading to recovery.
February 21st news, February 17th, China Securities Supervision Commission Party Secretary and Chairperson Wu Qing presided over the party committee, the meeting stressed that in light of the actual capital markets, solid implementation of policies and measures to promote the development of the private economy. It is necessary to do a good job in equity and debt financing support for private enterprises, to serve the development of new quality productivity as the focus, do a good job in the impl...
February 21st news, February 17th, China Securities Supervision Commission party secretary and chairperson Wu Qing presided over the party committee, the meeting stressed that to actively help private enterprises to solve the problem of development, cooperate with the relevant departments to resolve the arrears of private listed companies, coordinate the real estate enterprise financing support and bond default risk prevention and control, together with relevant parties to deal with the delistin...
On February 21, He Yanchun, director of the Office of the Administrative Punishment Commission of the Securities Supervision Commission, said at the press conference "Strictly crack down on securities violations and crimes in accordance with the law and promote the healthy and stable development of capital markets" that listed companies are excellent representatives of enterprises in our country, and only a very small number of them have carried out financial fraud. With the continuous strengthe...
February 21 news, on February 21, He Yanchun, director of the Office of the Administrative Punishment Commission of the Securities Supervision Commission, said at the press conference "Strictly crack down on securities violations and crimes in accordance with the law and promote the healthy and stable development of capital markets" that manipulation cases have shown some new characteristics, including the evolution from traditional "sitting house" manipulation using capital advantages to short-...
On February 21, He Yanchun, director of the Office of the Administrative Punishment Commission of the Securities Supervision Commission, said at the press conference "Strictly crack down on securities violations and crimes in accordance with the law and promote the healthy and stable development of capital markets" that market manipulation is "parasitic" in the market body, distorting the market price formation mechanism, causing market signals such as the direction of buying and selling, the am...
In order to implement the relevant agreements approved by the State Council, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Opening of Bank Card Business by Mainland Branches of Hong Kong and Macao Banks" (hereinafter referred to as the "Notice"), which will come into effect on March 1, 2025. The "Notice" clarifies the relevant matters involved in the opening of bank card business by mainland branches of Hong Kong and Macao Banks. First, i...
As part of its roadmap for the development of virtual assets, the Securities Supervision Commission is considering developing a comprehensive framework covering financial Internet celebrities (Finfluencers), promoting best practices for responsible communication and engagement in investor engagement, and plans to enhance direct interaction with investors through proactive and ongoing education initiatives.
On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". The "Action Plan" proposes to continue to enrich the index fund product system. Actively develop stock ETFs. Fully improve and strengthen core broad-based stock ETFs, build a phalanx of industry flagship ETF products, and support the registration and issuance of wide-based stock ETFs with high coverage, strong representation an...
On January 26th, the China Securities Supervision Commission issued the "Action Plan for Promoting the High-Quality Development of Indexed Investment in Capital Markets". It proposes to reduce the investment cost of index funds. Continue to waive the annual listing fee for ETFs, promote the reduction or reduction of ETF market making, registration and settlement, index use and other fees, and continue to reduce the operating costs of index funds. Guide industry institutions to reduce the managem...