Euroclear has joined Project Ensemble, the wholesale central bank digital currency (wCBDC) initiative from the Hong Kong Monetary Authority (HKMA). The project explores using wCBDC for the settlement of tokenization transactions and for interbank settlement of tokenized deposits. Euroclear becomes a member of the Architecture Community and is the sole financial market infrastructure (FMI) community…
An innovation competition co-organised by China’s fintech giant Ant Group and renowned universities including the Chinese University of Hong Kong (CUHK) is featuring robotics for the first time, a reflection of rising interest in the technology. The ATEC Championship 2025, hosted by the industry-university-research collaboration platform Advanced Technology Exploration Community (ATEC), has adopted the theme…
CLN KraneShares Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close,…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
By Kanjyik Ghosh (Reuters) -The president and financial chief of China’s Ant Group, Cyril Han, will take over from Eric Jing as chief executive from March 1, showed an internal memo seen by Reuters which was confirmed by a spokesperson. Han will continue to report to Jing who will remain as chairman, the memo showed….