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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...
National Energy Administration: As of the end of December 2024, the country's cumulative installed power generation capacity was about 3.35 billion kW, an increase of 14.6% year-on-year.
UniSat announced in a post on the X platform that the inscription and rune UTXO management tool is currently in Fractal beta and an update is coming soon.
On January 13, Wang Lingjun, deputy director of the General Administration of Customs, said at a press conference that no matter from the perspective of comparative advantage or global market demand, there is no so-called "China's overcapacity" problem, which is purely a false proposition. Made in China is widely popular in the global market, relying on a complete and continuous iterative upgrade of the industrial system, relying on continuous R & D investment and innovation. We have ensured the...
On January 12, the General Administration of Financial Supervision held a 2025 regulatory work conference. The meeting called for effective prevention and resolution of financial risks in key areas. Accelerate the expansion and efficiency of the urban real estate financing coordination mechanism, and support the construction of a new model of real estate development. Actively cooperate to prevent and resolve local government debt risks. Strictly prevent and crack down on illegal financial activi...
On January 10, Shu Wei, deputy director of the State Administration for Market Regulation, said at a press conference that in the next step, the State Administration for Market Regulation will focus on standardizing the market competition order in terms of promoting fairness and transparency of platform rules, reducing the cost burden of merchants on the platform, and purifying the ecology of the live broadcast e-commerce industry. Improve the normalized supervision system, and pay close attenti...
In an interview with Mark Penn, a political strategist and former Clinton administration adviser, Musk acknowledged that the proposed US Department of Government Effectiveness (DOGE) would struggle to meet its previously promised $2 trillion in federal spending cuts. This contrasts sharply with his declaration at a Trump campaign rally last October that it would "cut at least $2 trillion". Musk explained that setting a higher target is for...
The Trump administration's aggressive tariff policies could lead to further inflation, but economic models suggest it will be a one-off increase in the price level rather than a long-term inflationary spiral. That could convince the Fed to be more patient in dealing with tariff-induced inflation, especially as the labor market continues to slow, said Jay Bryson, an economist at Wells Fargo. His view supports Wells Fargo's benchmark forecast that the Fed will cut interest rates three more times t...
A crypto forum administrator and father of four claims he was forced to go into hiding with his family after being the target of an attempted kidnapping. The Canadian man said his attackers intended to torture him and mistakenly believed he owned a large amount of bitcoin. The Canadian man, who has not been named to protect the identity of the child, was told by police that they could not guarantee the safety of his family and advised them to relocate because the suspected attacker could be relo...
On January 4th, the 2025 National Foreign Exchange Management Work Conference was held in Beijing from January 3rd to 4th. The meeting emphasized that in 2025, foreign exchange management work should follow the requirements of the National Financial System Work Conference, adhere to stability while seeking progress, promote stability through progress, maintain integrity and innovation, integrate systems, and better coordinate development and security. Anchor the establishment and improvement of ...
On January 4th, the 2025 National Foreign Exchange Management Work Conference was held in Beijing from January 3rd to 4th. The conference deployed the key work of foreign exchange management in 2025, which mentioned that efforts should be made to promote institutional opening up in the field of foreign exchange. Optimize the management of overseas listed funds of domestic enterprises, promote the reform of foreign debt management of enterprises, and continuously improve the capital pool policy o...
On January 4th, the 2025 National Foreign Exchange Management Work Conference was held in Beijing from January 3rd to 4th. The conference deployed the key tasks of foreign exchange management in 2025, which mentioned that it is necessary to strengthen the maintenance of basic stability of the foreign exchange market. Strengthen situation monitoring and judgment, improve the monitoring and early warning system of cross-border capital flows, and strengthen the counter-cyclical adjustment and expec...
On January 1st, the General Administration of Market Supervision issued a document saying that since 2024, the General Administration of Market Supervision has strengthened the supervision of drone recalls and promoted the healthy and orderly development of the industry. So far, 579 cases of civil drone defect information have been collected, and technical institutions have been organized to carry out risk research and judgment, and promote the recall of 2,797 defective drones. As an emerging co...
The State Administration of Market Supervision has implemented listing supervision on the investigation and rectification of the false standard content of cashmere sweaters in Zhejiang and Inner Mongolia.
Hong Kong Special Administrative Region Government: Total gold exports to the Chinese mainland in November were 45.22 tons, compared with 28.277 tons in October.
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