GAC Group (02238.HK): Received a letter of resignation from Zeng Qinghong, the chairperson of the company. Since Mr. Zeng has reached retirement age, he applies to resign as the chairperson, director, chairperson and member of the strategy committee of the board of directors of the company. After resigning the above positions, Mr. Zeng will not serve in the group.
Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, said in a radio interview that Hong Kong, as an asset management center or hub, will consult the market on the virtual asset custodian system this year and will gradually establish the entire virtual asset ecosystem, so that the market can not only develop sustainably, but also further integrate the new financial sector with the real economy.
On February 4th, the air force of the southern theater of the Chinese People's Liberation Army conducted a routine patrol in the airspace of Huangyan Island on February 4th. During this period, the Philippines solicited the so-called "joint patrol" organized by foreign countries to deliberately disrupt peace and stability in the South China Sea. The air force of the theater continued to maintain a high degree of alert and resolutely defended the country's territorial sovereignty and maritime rig...
Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything stopping them from doing that," he said. However, Brad said another rate cut in March appears premature. He said: "From what's going on...
The Bank of England is expected to cut interest rates by about 80 basis points by the end of 2025, compared with about 75 basis points expected on Friday, UK interest rate futures show.
Traders cut their bets on the Federal Reserve to cut interest rates and now see a 50% chance of two rate cuts in 205. (Jin Ten)
According to Reuters, India's Minister of Economic Affairs, Ajay Seth, said in an interview that India is revisiting its stance on cryptocurrencies due to the shift in attitudes towards cryptoassets in other countries. The review, which follows the announcement of crypto-friendly policies by US President Donald Trump, could further delay the release of a cryptocurrency discussion paper originally scheduled for September 2024. Ajay Seth said, "No.
Binance co-founder He Yi said in a post that Binance Labs has been renamed Yzi labs to operate independently, Ella Zhang is the person in charge, and CZ directly manages Labs; currently there are thousands of investment projects, and only a very small percentage of investment projects are on Binance. Since the first day of Labs' establishment, these are two completely independent teams, each making independent decisions. Binance has layers of firewalls, but there is no denying that...
On February 2, the spokesperson of the Ministry of Foreign Affairs answered a reporter's question on the US announcement of a 10% tariff on Chinese products imported to the US. The US side imposed a 10% tariff on Chinese products imported to the US on the grounds of the fentanyl issue. China is strongly dissatisfied with this and firmly opposes it. It will take necessary countermeasures to firmly safeguard its own legitimate rights and interests. The US side should view and handle its own fentan...
On February 2nd, according to Ledgerinsights, Federal Reserve Chairperson Jerome Powell touched on the topic of cryptocurrencies at a press conference after the announcement that interest rates would remain unchanged. He said that banks can provide cryptocurrency services to customers as long as it is done in a safe and sound manner. He added, "We are not opposed to innovation, and we certainly do not want to take actions that would cause banks to terminate fully legitimate customers because of ...
On February 1 local time, Ken Martin, chairperson of the Minnesota Democratic-Farmer-Labor Party, was elected as the new chairperson of the Democratic National Committee (DNC). The Democratic National Committee is the official governing body of the Democratic Party of the United States. It is responsible for coordinating campaign strategies for candidates in state, local and national elections in the United States, organizing the Democratic National Convention every four years to determine the p...
On February 1st, on January 31st, the Southern Theater of the Chinese People's Liberation Army organized naval and air forces to carry out combat readiness police patrols in the territorial waters and airspace of Huangyan Island and surrounding areas of China. Since January, the Theater has organized naval and air forces to continuously strengthen the patrols and airspace around the territorial waters of Huangyan Island, further strengthen the control of relevant maritime and airspace, resolutel...
Market news: Federal Reserve Chairperson Jerome Powell will attend a hearing in the U.S. House of Representatives on February 12.
According to market news, Federal Reserve Chairperson Jerome Powell will attend a hearing in the U.S. House of Representatives on February 12.