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The US banking giant's pledge comes even as most foreign businesses have remained reluctant to commit to growing their China business amid increasing Sino-US tensions
Foreign inflows of $4.4 billion went into Taiwanese stocks and $3.1 billion into South Korean equities in May amid surge of interest in beneficiaries from artificial intelligence boom
Economic challenges and geopolitical tensions have made fundraising difficult, with investment in China by global players in particular slowing
Exports slumped 7.5% year-on-year in May, data from China's Customs Bureau showed on Wednesday, the biggest decline since January. Imports also fell by 4.5%.
The Securities and Exchange Commission says Coinbase has operated as an unregistered broker, evading disclosure requirements meant to protect investors
US regulator's move, filing 13 charges against Binance and its CEO Changpeng Zhao, has hit public faith in crypto trading, and led to a wave of withdrawals from the group's exchanges
"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted
New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and ensured he could direct the company’s expansion in the American crypto market despite scrutiny from regulators
TSMC's workplace culture has come in for criticism by former workers, but the tech giant says hiring of staff for its new facilities in Arizona is on track
OpenAI CEO Sam Altman predicted Israel, a country ranked high for machine learning systems, will the right balance between innovation, human rights and civic safeguards
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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