5 d. ago 3 spectres haunting global finance must be seen before it’s too late

Fledgling artificial intelligence (AI) models, the opacity of shadow banking and the euphoria over cryptocurrency are new fault lines in global finance, emerging as dangers that are more dispersed and harder to contain than those of the last crisis. Without coordinated action, we risk stumbling into another systemic breakdown, one that no financial institution or government can resolve alone. Yet, world leaders, overwhelmed by tariff flare-ups and escalating wars, are unlikely to champion needed...

Politics

5 d. ago We’re sleeping on threats from AI, shadow banking and cryptocurrency

Fledgling artificial intelligence (AI) models, the opacity of shadow banking and the euphoria over cryptocurrency are new fault lines in global finance, emerging as dangers that are more dispersed and harder to contain than those of the last crisis. Without coordinated action, we risk stumbling into another systemic breakdown, one that no financial institution or government can resolve alone. Yet, world leaders, overwhelmed by tariff flare-ups and escalating wars, are unlikely to champion needed...

Events

5 d. ago CX Briefing: Beijing Unleashes Financial Measures to Boost Consumption

CX Briefing: Beijing Unleashes Financial Measures to Boost Consumption  Caixin Global

Politics

6 d. ago China’s Zou Jiayi, a former finance official, elected AIIB president

Former vice-minister of finance Zou Jiayi has been elected president of the Asian Infrastructure Investment Bank (AIIB), leading the lender and its US$100 billion in capital through a decisive moment for globalisation and development finance. The decision was announced at the Beijing-based bank’s annual meeting on Tuesday, held with representatives of its 110 member states and other stakeholders at its headquarters to celebrate its 10th anniversary. Zou, 62, will serve a five-year term which...

Politics

1 week ago China’s central bank chief expects new global currency order

China’s central bank chief expects new global currency order  Financial Times

Politics

2 w. ago China attains leverage in trade war on the back of its trump card, rare earths.

The United States remains a dominant power in finance, while China has a pre-eminent position in the global industrial supply chain. That distinction between the world’s two largest economies was highlighted in the latest trade talks between Beijing and Washington, when China leveraged its trump card – rare earth elements. China dominates the global supply of rare earths, including 70 per cent of mining and around 90 per cent of refining these minerals. Rare earths are vital components in a vast...

Politics

2 w. ago China Clean Expo 2026: Leveraging China's Booming Cleaning Market for Global Opportunities

China Clean Expo 2026: Leveraging China's Booming Cleaning Market for Global Opportunities  Yahoo Finance

Politics

2 w. ago New stablecoin law to enhance Hong Kong’s financial appeal to global issuers: Chan

The expected increase in market demand for stablecoins will encourage licensed institutions overseas to issue such cryptocurrencies in Hong Kong, boosting competitiveness, according to the city’s financial chief as it prepares for its regulatory regime to take effect in August. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said that the city market value of stablecoins globally was estimated at around US$240 billion, with trading volume exceeding US$20 trillion last...

Politics

2 w. ago How the obsession with risky assets is putting global finance in peril

Fashionable, frivolous or downright foolish? Which of these words best describes the trend in markets toward derivatives, cryptocurrencies, digital assets and tokens as supplements or alternatives to traditional finance? Where is this great “paper chase” leading? For one thing, it is likely to be causing a flight into gold. But unless gold is remonetised and mining output is stepped up sharply, that trend could lead to deflation and limited economic growth. So a retreat to sustainable safety...

Events

2 w. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

2 w. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International, a spin-off of Ant’s global operations, said in a statement on...

Politics

2 w. ago With early stablecoin law, Hong Kong looks to keep edge as finance hub

With the passage of one of the world’s most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Being a “first mover” in stablecoin legislation “reflects the determination” of the city’s government to “unlock value that they see in this sector, given the number of hurdles from past incidents”, said Melvin Deng, CEO of digital asset trading firm QCP Capital. Hong...

Politics

2 w. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

3 w. ago Hibor plunge a bigger deal for stock market than Hong Kong’s property sector

Hong Kong needs all the help it can get. Since 2018, the city has suffered one shock after another, preventing a meaningful recovery from taking hold and fuelling concerns about its position as a global financial centre. As an importer of US monetary policy with an economy that is far more synchronised with that of mainland China, Hong Kong has been the biggest casualty of economic and policy divergence between the world’s two largest economies, prompting renewed questions about the suitability...

Economics

3 w. ago Step aside Shanghai, Hong Kong is China’s prize financial hub

When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together make up the world’s second-biggest capital market, with a combined value of US$10 trillion, according to Bloomberg data. Or he could raise capital offshore by...

Politics

3 w. ago US Senate panel passes Taiwan, mainland China overseas military growth measures

The US Senate Foreign Relations Committee approved a slate of China-focused measures on Thursday, including bipartisan bills to counter Beijing’s overseas military expansion and bolster Taiwan’s role in global finance while advancing the nomination of a former ambassador to lead US diplomacy in East Asia. The Counter Act of 2025, co-authored by Senators Chris Coons, Democrat of Delaware, and Pete Ricketts, Republican of Nebraska, calls on the US government to develop a strategy to respond to the...

Events

3 w. ago Citi to cut 3,500 technology jobs in China as part of global revamp

Citi to cut 3,500 technology jobs in China as part of global revamp  Yahoo Finance

Politics