Latest Articles about finance

Predicting the Next ‘DeepSeek Event’: Early Indicators of Capability Within the PRC’s AI Ecosystem

Executive Summary: Predicting artificial intelligence (AI) firm DeepSeek’s recent successes within a highly competitive AI ecosystem may have been possible by observing factors such as government recognition, proximity to top-tier national research institutions, and a complex network of corporate affiliates with proven technology expertise. Indicators... MORE

Hong Kong’s Pivotal Role in RMB Internationalization

Executive Summary: The People’s Republic of China (PRC) continues to use Hong Kong to test policies and build support for the internationalization of its currency, the renminbi (RMB). The city is now the world’s largest offshore RMB clearing center. The Cross-border Interbank Payment System (CIPS)... MORE

Stimulus Measures Expose Weakness Since Third Plenum

Executive Summary: Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over a two-week period, that... MORE

Beijing Strengthens Data Security with New Regulations, Expanding Control Over Domestic and Cross-Border Data

Executive Summary: New Network Data Security Management Regulations approved by the People’s Republic of China (PRC) State Council will serve as a national-level framework to clarify and enhance the implementation of existing laws, including the Cybersecurity Law (CSL), Data Security Law (DSL), and Personal Information... MORE

Ant Group Expands Overseas But Still Hampered By The State

Executive Summary: Ant Group’s strategy since the fallout from its canceled IPO in 2020 and subsequent crackdown on the fintech sector has seen it seek opportunities while capturing projects within the People’s Republic of China (PRC) that are aligned with government priorities. Key markets for... MORE

Hong Kong’s Ambitious And Difficult Cryptocurrency Foray

Executive Summary: Hong Kong’s Securities and Futures Commission (SFC) announced that 11 cryptocurrency exchanges are close to being licensed to operate in the city, aiming to establish Hong Kong as a leading digital assets hub. However, 12 exchanges did not advance in the licensing process,... MORE