For Chinas Wealthy, Singapore Is the New Hong Kong

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When more than 80 of China’s wealth directors amassed lately at the Shangri-La hotel on Singapore’s resort island of Sentosa, the clatter during tea breaks deterred returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the richness of China’s rich. At stake for banks in both […]

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Bitcoin’s Brutal Week Is Even Worse in South Korea

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The extending selloff in cryptocurrencies has just claimed another martyr: Bitcoin’s kimchi premium. Prices for the virtual currency in South Korea have scrambled back in line with those on overseas exchanges for the first time in seven weeks, deleting a gap that had swelled to 51 percent in early January. The premium had been so […]

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U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

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U.S. regulators are analyse one of the world’s largest cryptocurrency exchanges as interrogations prepare over a digital sign linked to its backers. The U.S. Commodity Future Trading Commission communicated subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and demands it’s pegged to the dollar, is […]

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Chinas Foreign Reserves Extend Rising Streak Amid Capital Curbs

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China’s foreign-exchange earmarks posted an 11 th straight monthly mount, covering a year of convalescence amid tighter asset ensures, a stronger yuan and resilient financial growth. The reserves clambered $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion median estimate in a […]

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Tencent Beats Alibaba to Join the $500 Billion Club

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The may advance further.” Some of this year’s good performers are worth bracing as long-term cops ,” said Wang Menghai, a Shanghai-based coin administrator at Fullgoal Fund Management Co ., who is “optimistic” about the WeChat owner in the next two or three years.” It would be a bad decision to sell it just for […]

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China Makes Historic Move to Open Market for Financial Firms

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China took a major step towards the long-awaited reopening of the financial services organisation, saying it will remove foreign ownership restrictions on banks while allowing overseas the company to make majority posts in regional securities bets, money managers and insurers. The brand-new principles, launched at a government provide information on Friday, will give world business […]

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The Biggest Stock Collapse in World History Has No End in Sight

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It’s going to take more than the biggest asset slump in world history to convince consultants that estimate compiled by Bloomberg supports right, PetroChina’s Shanghai shares will subside 16 percentage to an all-time low-necked in the next 12 months. The stock has been pummeled by some of China’s biggest financial programme switchings of the past […]

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Crypto-Mania Grips Hong Kong as City Looks for Life Beyond Banks

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In the mid-1 990 s, Johnson Leung launched on a occupation in sending. In the early 2000 s, he moved to finance. And now, he extends a Hong Kong startup that aims to improve how container carries are booked exercising blockchain technology. Many in Hong Kong hope the city can make a similar move. The […]

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