7 d. ago China Merchants Bank’s Hong Kong unit issues tokens on BNB Chain

A Hong Kong subsidiary of China Merchants Bank has tokenised a US-dollar money market fund on BNB Chain – the blockchain developed by the world’s largest cryptocurrency exchange, Binance – as the city’s real-world asset (RWA) drive continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund, issuing two tokens that would be available to accredited investors, the companies said on...

Politics

7 d. ago CMB’s Hong Kong arm tokenises US$3.5 billion money market fund on BNB Chain

A Hong Kong subsidiary of China Merchants Bank has tokenised a US$3.5 billion money market fund on BNB Chain – the blockchain developed by the world’s largest cryptocurrency exchange, Binance – as the city’s real-world asset (RWA) drive continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund, issuing two tokens that would be available to accredited investors, the companies...

Economics

1 week ago Developing economies face tough reforms as global aid and credit shrink

For developing nations, the storm clouds of deglobalisation and climate change grow darker by the day. These challenges demand an increasingly prominent role for the state, not only as a buffer against the economic shocks that disproportionately harm the most vulnerable but also as an architect of resilience. Governments in poorer countries must fund vast investments in infrastructure, sustainable energy, healthcare and education to inject dynamism into their economies. But the unresolved...

Politics

1 week ago How poorer nations can fund development as global aid and credit retreat

For developing nations, the storm clouds of deglobalisation and climate change grow darker by the day. These challenges demand an increasingly prominent role for the state, not only as a buffer against the economic shocks that disproportionately harm the most vulnerable but also as an architect of resilience. Governments in poorer countries must fund vast investments in infrastructure, sustainable energy, healthcare and education to inject dynamism into their economies. But the unresolved...

Politics

2 w. ago China to Stockpile 169 Million Barrels of Oil by 2026, Southeast Asia Hubs Aid

China to Stockpile 169 Million Barrels of Oil by 2026, Southeast Asia Hubs Aid  The China-Global South Project

Politics

3 w. ago ‘Keep us in your prayers’: Malaysian celebrities risk it all to sail to Gaza

Celebrity sisters, a rapper and an actress are among the 34 Malaysians sailing with a seaborne mission seeking to break Israel’s blockade of Gaza and deliver urgent aid to the besieged Palestinian enclave. The Global Sumud Flotilla, which set sail in August, aims to spotlight conditions in a territory where more than 65,000 people have been killed according to United Nations estimates. Last month, the UN described Israel’s actions in Gaza as genocide. The civilian-led convoy, comprising hundreds...

Events

3 w. ago The African Development Fund Replenishment: China and the Procurement Paradox

The African Development Fund Replenishment: China and the Procurement Paradox  Center For Global Development

Politics

4 w. ago Trump attacks UN in fiery General Assembly speech, slams global institutions

US President Donald Trump offered up a litany of grievances in a combative speech at the UN that called on the global community to end “failed approaches”, stop supporting renewable energy and recognise that “I have ended seven unendable wars”. Addressing the world’s foremost diplomatic body with his characteristically undiplomatic rhetoric, Trump touted his record of revitalising US fortunes and said his nation has the “greatest weapons on earth” that it would rather not deploy. “Not only is...

Politics

4 w. ago Trump assails UN in fiery General Assembly speech, slams global institutions

US President Donald Trump offered up a litany of grievances in a combative speech at the UN that called on the global community to end “failed approaches”, stop supporting renewable energy and recognise that “I have ended seven unendable wars”. Addressing the world’s foremost diplomatic body with his characteristically undiplomatic rhetoric, Trump touted his record of revitalising US fortunes and said his nation has the “greatest weapons on earth” that it would rather not deploy. “Not only is...

Politics