News list for " Financial Industry"
On December 26th, by the end of 2023, there were 107,000 legal entities of financial enterprises across the country, with 12.355 million employees, down 21.9% and 32.0% respectively from the end of 2018. At the end of 2023, the total assets of legal entities of financial enterprises amounted to 505.90608 trillion yuan, an increase of 57.2% from the end of 2018; the total liabilities amounted to 433.85255 trillion yuan, an increase of 58.1% from the end of 2018. In 2023, the financial enterprise ...
Forbes reporter Eleanor Terrett posted on the X platform that the US Financial Industry Regulatory Authority (FINRA) has added a section on its website about cryptocurrencies. While there is no mention of the term "crypto asset security" (except for a link to the SEC's 2023 investor alert in the "Learn More" section), FINRA still points out that in addition to crypto asset trading, crypto assets themselves can also be considered a security. This section provides an in-depth overview of various t...
According to a survey by the Financial Industry Regulatory Authority (FINRA), 55% of Gen Z in the United States prefer to invest in cryptocurrencies. Gen Z prefers on-chain rather than online finance. It believes that digital banking platforms are unwieldy and opaque. Gen Z prefers to manage their finances on-chain through decentralized financial applications and digital dollar stablecoins. It is reported that Generation Z refers to the generation of people born between 1997 and 2012 who are now...
Chan Chun-ying, a member of the Legislative Council of Hong Kong's financial sector, said that the new quality productivity of Hong Kong's financial industry is currently mainly developing according to the two themes of digital and green. In terms of virtual assets, Hong Kong regulators should establish relevant trading platforms, stablecoins and other licensing, testing and operation mechanisms to capture digital development trends and share relevant regulatory experience with the mainland. At ...
Hong Kong's financial industry is optimistic about the opportunities of DeFi and meta-universe. Fung Yin Nuo, CEO and Executive Director of the Research Center of the Hong Kong Institute of Finance, pointed out yesterday that emerging technologies related to decentralized finance and meta-universe are closely related to the development of broader virtual assets and Web3, and are expected to bring various opportunities to Hong Kong's financial services industry. Market participants believe that i...
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