“Key to the development of China’s CBDC is not leaving anyone behind,” and I am grateful to @Stephen Cole and Sophie Nicholson of “The Agenda” for helping me get the message out! Stephen asked great questions about China’s CBDC but Read more
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 Read more
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 Read more
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, Read more
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 Read more
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 Read more
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 scrutiny Yujie Xue Beijing is ramping up the pressure on bitcoin miners amid growing Read more
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 Read more
"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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
“Ant and the regulators are probably going back and forth behind the scenes to fix its business,” said Richard Turrin, a financial-technology industry consultant. He added that the company won’t be able to get back to its IPO agenda until Read more
Trump’s Alipay and WeChat Pay ban is nothing more than a political maneuver to claim “Biden is soft on China” when the executive order is revoked. Cynical and sad but that’s the way it is. What is important to note Read more
Always nice to get picked up by the Wall Street Journal Richard Turrin, a financial-technology industry consultant, said the recent Alibaba selloff may have more to do with overreaction based on fear, rather than a rational revaluation of Ant and Read more
#GoldmanSach's 100% buy-out of their China securities arm is a strong vote of confidence in China and in the growth of Chinese companies. It is just part of a modern-day gold rush of foreign firms buying into China's securities markets. Read more
