Promoting US-China Friendship | California USA
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China’s metropolis Shanghai is vowing to become a “comprehensive and open” global asset management center by 2025, according to an official document on Tuesday. Shanghai will support qualified foreign capital to set up securities, funds, pension management and other institutions in Shanghai, either as a sole proprietorship or joint venture, read the document issued by the municipal government. Continue reading “Shanghai moves forward to become a global asset management center”
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Bitcoin extended its losses after China vowed to crack down on the cryptocurrency’s mining and trading activities in an effort to prevent financial risks at a meeting chaired by Vice Premier Liu He on Friday. It was a doubled move against virtual currencies coming just after three Chinese financial regulators banned financial institutions from crypto related businesses on Wednesday. Continue reading “China’s crackdown on bitcoin mining, trading extend its losses”