Thank you to Guan Xin anchor of CGTN Biztalk! This is a full half-hour program covering China's new central bank digital currency. Delighted to share the program with my new friend Zhang Xiaoyan from Tsinghua University. In 2014, the People's Bank of China set up a team to study digital …
Video News
Keynote: The innovation center of gravity moves east.
Great to participate in SWIFT's Inside Innovation Conference! A big thank-you to SWIFT! My keynote "The big picture: Financial services in 2030" focused on one theme, how the innovation center of gravity is moving East. There can be no argument that fintech is huge in all of Asia, not just …
Banque de France trials CBDC as governor warns of digital yuan threat
Link here: Banque de France trials CBDC as governor warns of digital yuan threat By Lewis McLellan 01 Jul 20214-4 minutes France’s central bank governor sounds the alarm over the risk facing European monetary sovereignty posed by digital payments infrastructure, particularly the one …
Featured in DigFin: Ant may be more relevant to China’s banks than ever
Article link: Ant may be more relevant to China’s banks than ever Jame DiBiasio 9-12 minutes 6/28/2021 Ant Group, the fintech arm of Alibaba, may be losing its grip on a lucrative lending business as a result of a regulatory crackdown that began with the November 2020 suspension …
Featured in SCMP: Does Ant’s new licence indicate watchdog is on board with restructuring?
Article link: Does Ant Group’s new licence for consumer finance business indicate regulator is on board with restructuring? Enoch Yiu, 6/3/2021 Thursday’s approval is a major step for Ant whose initial public offering (IPO) was put on ice in November at the last moment. The listing was called …
Featured in SCMP: Bitcoin mining set to wane in China as green concerns and financial risks see Beijing ramp up the pressure
Link to full SCMP article here. https://www.scmp.com/tech/policy/article/3134625/china-bitcoin-mining-huobi-suspends-domestic-bitcoin-mining-amid-global Thanks to Yujie Xue! Article text. China bitcoin mining: Huobi suspends domestic bitcoin mining amid global sell-off, wider Beijing …
“China crashed Bitcoin” and other myths
Don’t blame China for the #Bitcoin crash! Instead, blame insane headlines, ignorance and social media. It makes #CBDC look good! China's regulators were doing their job when they issued this public service announcement to warn people about Bitcoin volatility: “Virtual currency’s prices have …
Alibaba earnings: “Can investors ever learn to love China’s regulators?”
"Can investors ever learn to love China’s regulators?" Unlikely but they should! Investors are overselling China's tech stocks based on a fundamental misunderstanding of the regulators. Alibaba’s earnings were mind-blowing! Revenue growth up an incredible 64%, income up 38% and EPS up 12%. The …
WSJ Quote: “It’s a remote problem but real.” on the likelihood Yu’e Bao could have liquidity problems
In its path to becoming one of the world’s most valuable startups, Ant Group Co. built a complex financial ecosystem that captured huge sums of money and kept millions of people in it by supplying them with credit and managing their investments. Now, Beijing is forcing the Chinese …
CGTN Interview: Connecting China’s Central Bank Digital Currency with Thailand and UAE’s
Explainer: The "Multiple CBDC Bridge" is the final piece of the China CBDC puzzle and brings us one step closer to free and immediate CBDC transfer. Thank-you to CGTN's Juliet Mann for this wonderful interview. One of the very few where I laughed out loud! Hong Kong Monetary Authority, PBOC, Bank …
Featured in SCMP: “The PBOC has everything to lose if it rushes and everything to gain by doing it properly,” said Turrin.
What will China’s digital yuan mean for Alipay and WeChat Pay? Alison Tudor-Ackroyd 10-13 minutes China’s e-payments ecosystem is set to step up a level of sophistication as the coronavirus pandemic and deteriorating US-China relations hasten Beijing’s plans for a digital fiat …
Quotes in SCMP: “Eric Jing is committing to greater transparency with both the regulators and banks.”This is not to say that Ant will stop being innovative,”
Ant Group’s chairman Eric Jing breaks silence after halt in largest global IPO with a corporate ‘check-up’ and rehabilitation plan Ant has conducted a comprehensive self-review, akin to a ‘body check-up’ Ant Group’s Eric Jing promises to align business with national development priorities …
CASHLESS