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Notice of the People's Bank of China on the Public Solicitation of Comments on the Administrative Measures for Reporting Cyber Security Incidents in the Business Field of the People's Bank of China (exposure draft).
On January 22, the People's Bank of China, the Ministry of Commerce, the State Administration of Financial Supervision, the China Securities Supervision Commission and the State Administration of Foreign Exchange jointly issued opinions to align international high standards and promote institutional opening up in the pilot free trade zone (Hong Kong) where conditions permit. Among them, it is proposed to support the development of cross-border digital identity authentication and electronic ident...
According to Jin Ten, the People's Bank of China and other five departments jointly issued the "Opinions on the Pilot Matching of the Financial Sector with International High Standards in the Conditional Pilot Free Trade Zone (Hong Kong) to Promote Institutional Opening". The "Opinions" allow Foreign Financial Institution Groups to carry out new financial services similar to those of Chinese Financial Institution Groups, and make decisions and support applications for Financial Institution Group...
On January 22, it was learned from the Ministry of Culture and Tourism that according to the statistical results of the domestic tourism sample survey, in 2024, the number of domestic tourists 5.615 billion, an increase of 724 million over the same period of the previous year, an increase of 14.8% year-on-year. Among them, the number of domestic tourists of urban residents 4.37 billion, an increase of 16.3% year-on-year; the number of domestic tourists of rural residents 1.245 billion, an increa...
Supported by the promising outlook for artificial intelligence, technology companies are likely to provide strong news in the upcoming earnings season, analysts said in a research report. Trump announced on Tuesday that OpenAI, Oracle and SoftBank will form a $500 billion joint venture, which analysts said could usher in a large wave of artificial intelligence investment in the United States. There could be $2 trillion in artificial intelligence-related capital spending over the next three years...
On January 21, according to the typical case of punishing gambling and related crimes according to law issued by the Supreme People's Court, the People's Court of Rongchang District of Chongqing heard the case of defendant Wang Zhimou opening a casino. The amount involved in the case reached 590 million yuan, including more than 900 bank card accounts and virtual currency funds. The court sentenced Wang Zhimou to four years and five months in prison and a fine for the crime of opening a casino, ...
According to people familiar with the matter, Vivek Ramaswamy is leaving the U.S. Department of Government Effectiveness to run for governor of Ohio instead.
The Political Bureau of the Central Committee of the Communist Party of China held a meeting to review the "Comprehensive Report on the Listening and Study of the Work Reports of the Party Group of the Standing Committee of the National People's Congress, the State Council, the National Committee of the Chinese People's Political Consultative Conference, the Supreme People's Court, and the Supreme People's Procuratorate and the Work Report of the Central Secretariat" "Opinions on Comprehensively...
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...
Trump's wife Melania said on social media in the early morning that people can now buy the Meme coin MELANIA. The data shows that the market value of MELANIA in circulation is currently $7.58 billion. Trump retweeted the message after he had issued his own exclusive cryptocurrency TRUMP, which plunged after his wife announced the issuance of MELANIA. After a short time below $40, it rebounded and is now back at $42.
On January 19, the central bank and the Securities Supervision Commission jointly held a symposium on stock repurchase and re-lending to further play the role of policy tools in stabilizing capital markets. Xuan Changneng, member of the Party Committee and Vice President of the People's Bank of China, and Wang Jianjun, member and Vice Chairperson of the Party Committee of the China Securities Supervision Commission, attended the meeting and delivered speeches. Financial Institution Group said th...
On January 18, the General Office of the Shanghai Municipal People's Government issued the "Shanghai Implementation Plan for Promoting the High-Quality Development of Digital Trade and Service Trade", which proposes the layout of high-performance computing power infrastructure. Build high-energy cloud computing data center clusters, open computing power platforms and computing power interconnection platforms. Build high-quality data infrastructure such as blockchain and corpus, build urban block...
According to Coindesk, World Liberty Financial, a crypto project backed by the Trump family, will acquire tron (TRX), according to people familiar with the matter. It is unclear how much TRX cryptocurrency reserves World Liberty plans to add. World Liberty raised $90 million by selling WLFI. The company previously invested seven figures in AAVE and LINK, tokens issued by projects World Liberty collaborates with.
Ethereum developers plan to launch the Pectra upgrade of the network in March 2025 and set specific milestones ahead of the mainnet fork. After coordination with the client side software team, a new client side for the upgrade and hard fork for Ethereum test networks Sepolia and Holesky is expected to be released in February, according to a core developer conference call held on Thursday. If the fork on the testnet goes as planned, the mainnet will be launched next month.
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