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The People’s Bank of China acquired 30,000 troy ounces of gold in December, according to official figures, extending its 14‑month buying streak. China is among the countries with the largest gold…
Cambodian authorities extradited billionaire Chen Zhi, head of Prince Group, to China on Jan. 7 after his arrest with two associates. He is accused of orchestrating one of the world’s…
China’s decision to pay interest on its digital yuan sharpens the global race for digital money, raising fears that stalled U.S. policy could weaken stablecoins, payments dominance, and competitiveness as…
As part of its plan to accelerate the “construction of a financial power” and develop the digital yuan, the Central Bank of China has announced that it will allow commercial…
China says it has uncovered Asia’s largest undersea gold deposit, a massive offshore find that strengthens domestic supply, reshapes regional resource rankings, and highlights Beijing’s accelerating push to secure strategic…
Bitcoin miners in China’s Xinjiang province are unplugging following another crackdown by Beijing this week. As many as 400,000 mining machines have already gone offline, causing a slump in hashrates.…
China has reportedly added domestic AI chips to its government procurement list for the first time. This move signals Beijing’s determination to strengthen local semiconductor capacity and reduce reliance on…
Chinese financial regulators reaffirm strict stance against cryptocurrency activities, emphasizing their illegal status and potential financial risks. On November 28, 2025, the People’s Bank of China convened a coordination meeting…
China’s top financial and law enforcement agencies recently convened a high-level meeting to reaffirm and strengthen the nation’s total prohibitive stance on cryptocurrencies. Reaffirming the Prohibitive Policy China’s top financial…
The government of the UAE completed the first transaction using digital dirhams, its CBDC, to make a cross-border payment to China. The development, which leveraged the Mbridge platform, opens new…