News list for "Cross-border"
A number of cross-border ETFs continued to be active, with Hong Kong Internet stocks, Hang Seng Internet ETFs, and China Internet-related ETFs all rising by more than 2%.
On February 8, the Government of the People's Republic of China and the Government of the Kingdom of Thailand released a joint statement on future-oriented, people-centered, strengthening comprehensive strategic cooperative partnership, and promoting the building of a more stable, prosperous and sustainable China-Thailand community with a shared future. The two sides stressed that under the bilateral and Lancang-Mekong cooperation and other regional cooperation mechanisms, with a resolute attitu...
On December 12th, Sphere, a cross-border stablecoin payment company, completed a $5 million financing, led by Coinbase Ventures and Kraken Ventures. The funds raised will be used to further invest in regulatory compliance and risk management capabilities. Founded in 2022 by Arnold Lee and Luigi Charles, Sphere collaborates with global fintech companies and licensed money transfer providers to enable cross-border transfer of stablecoins between businesses and exchange them for local fiat at the d...
MoneyGram, a global cross-border transfer provider, announced a partnership with Hong Kong-based cryptocurrency service platform OwlTing Group on the X platform. Through this cooperation, customers of MoneyGram's global MoneyGram outlets can use USDC stablecoins and local currencies to withdraw cash. It is reported that OwlPay Wallet Pro will be connected to MoneyGram International accounts to support USDC withdrawal and other transaction services.
The reporter learned from the Supreme People's Procuratorate today (1st) that in order to further curb the high incidence of cross-border telecommunications network fraud, and to cut off the criminal chain of collusion between domestic criminals and overseas fraud groups to the greatest extent, according to the normalized listing supervision working mechanism, recently, the Supreme People's Procuratorate and the Ministry of Public Security decided to continue to jointly list and supervise the fo...
On November 22nd, Wang Shouwen, representative of international trade negotiator and vice minister of the Ministry of Commerce, said that in the recently signed and upgraded free trade agreements, the Ministry of Commerce has included cross-border e-commerce as a new clause in order to promote the development of cross-border e-commerce between our country and relevant free trade agreement countries. At the same time, China, as an important member of the WTO, is promoting the negotiation of the W...
On October 28th, HKMA President Yu Weiwen said today (28th) that it is expected to trial cross-border transfer and "fast speed" in the mainland in the middle of next year.
On October 22nd, according to Wind statistics, from September 1st to October 21st, Nasdaq, Nikkei and other cross-border ETFs were redeemed in large quantities, with the highest proportion of fund share reduction approaching 40%. Among them, the high-profile cross-border ETFs in the first half of this year, such as Nasdaq 100ETF, US 50ETF, Asia Pacific Select ETF, Nikkei 225 ETF, etc., were redeemed by investors hundreds of millions of copies; the fund share of the above products on October 21st...
On October 11th, October 11th, the three major stock indexes of class A share weakened, and the Shanghai index once lost 3,200 points in late trading. As of the close, the Shanghai Composite Index fell 2.55%, the Shenzhen Composite Index fell 3.92%, and the growth enterprises market index fell 5.06%. On the disk, the concept of cross-border transfer bucked the trend and strengthened, and stocks such as Sifang Jingchuang, Kelan Software, and Small Commodity City rose by the daily limit. The semic...
In order to further optimize the business environment and enhance the convenience of cross-border tax payment, since February 2024, the Shanghai Headquarters of the People's Bank of China has cooperated with the State Administration of Taxation and the Shanghai Municipal Taxation Bureau to actively explore a new model of cross-border remittance tax payment business, using blockchain technology implementation of overseas remittance, tax payment, warehousing and other cross-border electronic tax p...
On September 13, in order to further optimize the business environment and improve the convenience of cross-border tax payment, since February 2024, the Shanghai Headquarters of the People's Bank of China has cooperated with the State Administration of Taxation and the Shanghai Municipal Taxation Bureau to actively explore a new model of cross-border remittance tax payment business. The use of blockchain technology implementation of overseas remittance, tax payment, warehousing and other cross-b...
Puntored, an on-chain cross-border transaction fintech company, announced the completion of a $2 million financing, with the participation of the Stellar Development Foundation through its Stellar Enterprise Fund. Puntored will use this new funding to expand its technical capabilities and enable true cross-border transactions in Latin America through the Stellar blockchain network, mainly exploring digital wallets, enterprise embedded payment services and SME credit to provide financial transact...
Russia will start experimenting with cross-border crypto payments next week to circumvent international sanctions. It is reported that the legislation was passed in late July and quickly signed into law by President Vladimir Putin, but it does not lift the existing ban on the use of cryptocurrencies as legal tender for regular payments within Russia, instead allowing the use of cryptocurrencies for cross-border transfers.
Hunan police have announced a major case of cross-border telecommunications fraud using cryptocurrencies. The case involves leasing communication tools to overseas fraud gangs, involving more than 4 million yuan. The address of the criminal gang leader Xia's Ouyi wallet shows that the cryptocurrency used to settle the fraud commission is as high as 9 million yuan, nearly 10 million yuan. Gang members mainly trade through the virtual currency USDT to avoid traditional financial supervision.
On August 19, the reporter learned that the first batch of shortlisted securities firms after the expansion of Cross-border Wealth Management 2.0 reached 10, mainly securities firms registered in the Greater Bay Area. The reporter learned that some institutions have completed the system testing stage and basically have the conditions for business expansion. At the same time, the reporter learned that recently, regulators have assigned RCPMIS codes to some participating securities firms.
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