China tech firms listed in Hong Kong rose as much as 2% on state support for the fintech industry before shedding gains

The country's lack of advanced technology was underscored by how many employers struggled to make the shift to remote work when the pandemic began, the IMF report said

The Open Network for Digital Commerce, launched in April, will allow customers place orders for goods and services and wants banks, venture capitalists and telecos to sign up

Officials in Shenzhen in China's southern Guangdong province are giving out millions in cash via the digital yuan to stimulate its pandemic-hit economy and use of the digital currency

Founded in 2013, Opn offers a digital payment system to merchants, enterprises, and financial institutions in Japan and Southeast Asia using blockchain

Republican-sponsored bill would ban US app stores from supporting apps that enable payment with China's digital yuan.

Covid lockdowns in China lifted Alibaba's earnings, thanks to surging demand for cloud services as millions of citizens work from home and shop online

ADDX uses blockchain and smart contract technology to tokenise and fractionalise pre-IPO equity, private equity and hedge funds, as well as bonds

Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%

The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback

The Hang Seng Tech Index was down by 3.3% at the close of trading in Hong Kong and has dropped by about 12% since April 28

The IMF will meet with Sri Lankan officials in a virtual meeting beginning on Monday, a statement from Masahiro Nozaki, the fund's country mission chief said on Saturday