CMB International Securities – Charm

China Merchants Bank’s brokerage arm receives virtual asset licence in Hong Kong

Cs news2 days ago03 mins

CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city. The licence, issued on Monday, allowed CMBI to engage in a variety of…

Tech war: China poised to expand AI infrastructure to keep pace with US Stargate project

Cs news6 months ago02 mins

The Stargate Project – a venture initially led by SoftBank Group, ChatGPT creator OpenAI, Oracle and Emirati investment firm MGX – plans to plough up to US$500 billion in the US over the next four years into an advanced network of data centres, housing high-performance computing infrastructure needed for AI development initiatives. The first such…