On May 31st, the relevant person in charge of the Ministry of Industry and Information Technology said that we agree with and support the "initiative to maintain a fair competition order and promote the healthy development of the industry" put forward by the China Association of Automobile Manufacturers. The "price war" between car companies has brought a greater impact on the normal production and operation of automobile companies, endangering the healthy and sustainable development of the indu...
Hong Kong has set up a "regulatory incubator" to promote the proper adoption of blockchain technology by banks as the region continues its efforts to become a cryptocurrency hub. On Wednesday, the HKMA (de facto central bank) announced that the incubator is designed to help banks manage the risks associated with experimenting with blockchain or DLT implementations. The HKMA said the incubator will focus on tokenized deposits as the scheme aims to address latent risks as banks shift to production...
The government of El Salvador has made it clear that it will continue to promote bitcoin as part of its economic strategy, even though the country has signed an agreement with international monetary funds to phase out its bitcoin operations. Stacey Herbert, director of El Salvador's bitcoin office, clarified that the country will continue to buy bitcoins at an "accelerated" rate even after an agreement is reached, as part of its strategic bitcoin reserve strategy. Herbert also explained on socia...
Many parties have confirmed that Lebanon and Israel have reached a ceasefire. Biden said that he will promote a ceasefire in Gaza in the next few days. It is reported that OPEC has been discussing delaying production increases. The Federal Reserve meeting notes show that officials are inclined to gradually cut interest rates... What major events happened in the world last night and this morning?
The Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, said that the government will continue to promote the central bank's policy stance and guidelines on the application of artificial intelligence in innovative financial services such as digital currency, mobile payment, virtual banking, virtual insurance, and virtual asset trading. Measures include, First, to promote the application of cross-border transfer of central bank digital currency, the Hong Kong Monetary Auth...
According to Hong Kong media reports, the Hong Kong Special Administrative Region government hopes to promote Hong Kong as an international virtual asset center. Liu Jia, general manager of the tokenization of HashKey, a licensed virtual asset platform in Hong Kong, said in an exclusive interview that the previous stage focused more on the secondary trading market, and now is a good time to pay attention to the tokenization issuance market. The HKMA Ensemble sandbox is currently being advanced, ...
1. Meeting of the Political Bureau of the Central Committee of the Communist Party of China: To promote the real estate market to stop falling and stabilize. 2. Poly Development fired the first shot of "insured price". 3. Hangzhou launched a "trade-in" activity for commodity housing. 4. The stock of housing loans has not been reduced. Existing home buyers plan to travel, and the industry is expected to land in October. 5. Wenzhou: Support the use of housing provident fund for housing ticket plac...
JPMorgan analysts said in a report that most of the positive catalysts that could drive the price of bitcoin and the broader cryptocurrency market have been priced in, including Morgan Stanley wealth advisors offering crypto ETFs to their clients, the impending end of door-to-door repayments, and bipartisan U.S. regulation, among others. The bank table...