The $280 billion market for fiat backed digital tokens is expected to receive an institutional boost after Hong Kong’s Stablecoin Bill went into effect last month. Now enacted, Hong Kong has become one of the first jurisdictions in the world to adopt dedicated stablecoin legislation, taking place more than a year after local regulators…
The Trump Administration said it will revoke waivers for Samsung Electronics Co., SK Hynix Inc. and an Intel Corp. unit to use US technologies in their Chinese operations, dealing another blow to China’s access to advanced chipmaking know-how. The semiconductor companies have been operating in China under regulations that allow them to import chipmaking equipment…
In July, both the United States and China put forward their national visions for AI development and governance through their own AI Action Plans. Washington’s plan leans into the rhetoric of AI dominance and transactional dealmaking to advance U.S. national interests. In stark contrast, Beijing has pitched the world on a vision of AI governance…
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the country’s stock market. Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath…
When a Trump-branded phone on a Trump-branded mobile network launches sometime this year (if all goes according to plan), US regulators will face what’s become a recurring conundrum in Donald Trump’s presidency: how to regulate a product with ties to the head of state. Six Democratic lawmakers are confronting key federal agencies with that very…
Chinese authorities summoned Nvidia Corp. to discuss alleged security risks related to its H20 chips, casting doubt over the domestic business of the world’s most valuable company weeks after co-founder Jensen Huang met senior officials in Beijing. The Cyberspace Administration of China called company representatives into a meeting to discuss what it deemed serious security…
{KXLG -Watertown, SD} The Arrow Education Foundation is offering a unique opportunity to support the Alan Mitchell Athletic Complex while giving participants a chance to win a rare $1,000 bill. Cris Ortmeier, Executive Director of the Arrow Education Foundation, discussed the “Win Big” fundraiser and other upcoming initiatives with KXLG… Your browser does not support…
South Korean stocks, already this year’s best performers among the world’s major markets, are becoming a magnet for foreign investors as bold regulatory reforms to lift valuations and empower minority shareholders gain traction. Just this month, policymakers voted in favor of pivotal law changes to make board members legally accountable to all shareholders. They are…
Life at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon. BYD Co.’s monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases, that trajectory isn’t expected to reverse any time soon. Source link
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators that have been cautious about gaining exposure to the nation’s equities. KZVK, which manages €34.1 billion ($40 billion), gave $50 million to Fullgoal Asset Management (HK) Ltd. in the…