Category: Finance
U.S. May Markit services, manufacturing, and composite PMIs all hit record highs
The U.S. Markit services, manufacturing, and composite PMIs all hit record highs in May. This underscores the steady demand in…
Bitcoin Imperialism
China announced a ban on mainland trading of bitcoin, and the value of bitcoin instantly plunged by 30%. At the…
The U.S. increased regulatory efforts Why Chinese stocks listed in the U.S. instead of decreasing?
U.S. public company regulators and accounting watchdogs have recently introduced new rules that will penalize Chinese companies for delisting once…
Huawei executives re-exposed: 4 rounds of U.S. sanctions company struggling
Huawei executive Yu Chengdong recently again exposed himself, the United States of America’s four rounds of sanctions, so Huawei company…
Weak property market on the mainland? Vanke and other leading real estate companies April sales decline
Data released by the National Bureau of Statistics of the Communist Party of China on May 17 showed that in…
Ernst & Young expects: Mainland banks’ non-performing loans to continue climbing
China’s sluggish economic growth will worsen banks’ non-performing loans. International accounting firm Ernst & Young (Ernst & Young) recently said…
Should I panic when the calls for a hawkish Fed are getting louder?
Currently, do the markets want the Fed to be more proactive in adjusting policy? Or do they want the Fed…
U.S. Treasury: Over $10,000 in cryptocurrency transactions need to be reported
The U.S. Treasury Department announced Thursday (May 20) that it is requiring cryptocurrency transactions over $10,000 to be reported to…
Chinese Communist Party bans cryptocurrency business Industry: barking fierce, biting light
The Communist Party of China announced Wednesday (May 19) a ban on cryptocurrency business for financial institutions and payment agencies,…
RMB’s share of international payments drops to 1.95% in April, ranks 6th globally
The latest report from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) shows that the percentage of international payments in…
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