Ted Peake, Morgan Stanley's chief executive, said on Thursday that the bank would work with US regulators to see whether it could engage deeply in the cryptocurrency market. "The key for us is whether we, as a highly regulated Financial Institutions Group, can act as traders," Mr. Peake told CNBC at the World Economic Forum in Davos, Switzerland. "We will work with the Treasury and other regulators to see how we can provide this service in a safe way."
On January 20th, local time on January 19th, Han Zheng, Special Representative of President Xi Jinping and Vice President of China, met with representatives of the US-China Business Council, the American Chamber of Commerce and other business people in Washington. Han Zheng said that President Xi Jinping had an important phone call with President-elect Trump recently and reached important consensus on the development of China-US relations. China and the United States share extensive common inter...
Binance Lianchuang and former CEO CZ posted on the X platform that there are no plans to launch Meme Coin at this stage, but speculated that other national leaders may be considering it.
Goldman Sachs CEO David Solomon noted at a recent Reuters conference that many regulated U.S. banks still do not have access to cryptocurrencies. "Everyone is guessing how the regulatory framework will evolve, but it's still unclear how the regulatory framework will evolve," Solomon added. Speculation is still ongoing about how long it will take for the first crypto bill to pass the House and Senate, as well as in front of Trump.
In an interview with Barstool Sports founder Dave Portnoy, Microstrategy co-founder and former CEO Michael Saylor said he plans to continue buying bitcoin as part of the company's strategic reserve, even if the price of bitcoin reaches $1 million per coin. Michael Saylor compared bitcoin to the Manhattan real estate market, which he pointed out was in the 1830s...
On November 26th, the Hong Kong Stock Exchange held the second HKEX China Talk in Shanghai. Chen Yiting, CEO of the Hong Kong Stock Exchange Group, said that for companies that have been listed on class A shares, if they meet certain conditions, they can enter the fast-track approval process when applying for listing on the Hong Kong Stock Exchange. On October 18 this year, the Hong Kong Stock Exchange and the Hong Kong Securities Supervision Commission jointly announced to further optimize the ...
On November 26th, the Hong Kong Stock Exchange held the second HKEX China Talk in Shanghai. Chen Yiting, CEO of the Hong Kong Stock Exchange Group, said that it is currently working closely with the Shanghai and Shenzhen Stock Exchanges on the inclusion of REITs in the Shanghai-Shenzhen-Hong Kong Stock Connect, the introduction of the block trading mechanism and the inclusion of RMB counters in the Hong Kong Stock Connect trading. It is hoped that it can be implemented as soon as possible to pro...
Hong Kong Securities Supervision Commission Chief Executive Officer Leung Fung-yee said at the Wealth Management Summit that after the cross-border wealth management link and ETF link further expand the sales network of Hong Kong funds in the mainland, measures to further relax the mutual recognition arrangement between the mainland and Hong Kong funds may be further relaxed before the end of the year. She also stressed that the regulation of virtual assets is to regulate products rather than te...
On November 18th, Chen Yiting, chief executive of the Hong Kong Stock Exchange, said at the "10th Anniversary Summit Forum of Internet Connect" on November 18th that the Shanghai-Shenzhen-Hong Kong Stock Connect has become the main channel for international investors to trade and hold mainland class A shares, with nearly 77% of foreign investors holding mainland stocks through this channel. Bond Connect Northbound has also become the main channel for international capital to invest in the mainla...
When He Lifeng met with Schlossberg, President and CEO of Invesco Group in the United States, he pointed out that China is promoting high-level financial opening up and welcomes foreign-funded enterprises to deepen mutually beneficial cooperation.
According to CNBC, JPMorgan Chase CEO Jamie Dimon today continued to avoid endorsing either presidential candidate, instead calling for a statement on Election Day calling for unity. Coming to the end of one of the "toughest" and "most divisive" elections in recent history, he said the American people were making a decision. We must start working together to bring the country together and focus on the pressing economic and global issues at hand. Trump claimed to have Dimon's support in October, ...
World Bank Group Managing Director and Chief Administrative Officer Zhang Wencai said at the Global Wealth Management Forum 2024 Suhewan Conference in Shanghai on October 27 that global economic growth is expected to remain stable this year, and financial conditions have also improved. The world economy appears to be in the final stages of a "soft landing". According to the World Bank's latest estimates, global economic growth is forecast to remain at 2.6% in 2024, before rising slightly to an a...
Liang Hanjing, Global President (Financial Services and Technology, Sustainable Development) of Invest Hong Kong, said that in the first eight months of this year, Invest Hong Kong assisted 59 fintech companies to set up or expand their business in Hong Kong, an increase of 44% over the same period last year. 59 companies came from 12 economies, of which 40% were from the Chinese mainland, and the rest were from the United States, France, Singapore, Canada and the United Kingdom. There are sever...
On October 25th, according to the website of the Ministry of Commerce, on October 25th, Minister of Commerce Wang Wentao met with Apple CEO Cook of the United States. The two sides exchanged views on Apple's business development in China and Sino-US economic and trade relations. Wang Wentao said that Apple is welcome to seize the opportunity, continue to deepen the Chinese market, maintain stable cooperation with Chinese partners, and achieve common development. China will further optimize the b...
Victor Yu, chief executive of the Hong Kong Monetary Authority, said that "there will be good news to share soon" on connectivity, the Greater Bay Area, and fintech, and will announce the progress of new fintech projects at the Hong Kong Fintech Week 2024 at the end of the month. On the importance of developing tokenization in Hong Kong, Yu Weiwen said that if Hong Kong can become a pioneer of tokenization development and take the lead in forming a mature technology, operation and issuance syste...