Latest Articles about finance

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

The PRC’s Continued Outsized Role in the Cryptocurrency Industry

Executive Summary: Despite the Chinese Communist Party's restrictions on decentralized virtual currencies, the PRC has maintained a significant underground cryptocurrency industry, with investors posting $1.15 billion in gains in 2023. PRC investors are driven to digital assets by practical considerations amid limited traditional investment opportunities... MORE

Kremlin Exaggerates Production of Russian Arms Manufacturing in 2023

Executive Summary: Russia’s military-industrial complex showed only modest growth in 2023. The manufacturing output index’s increase does not reflect a proportional rise in actual production. The physical output of essential goods for arms manufacturing has revealed minimal growth over the past seven years. While some... MORE

Decoding China’s Dilemma: The Difficulties Of Economic Reform

On November 27, the State Council of the People’s Republic of China (PRC) unveiled a new policy, titled “Notice on Strengthening Financial Support Measures for the Private Economy (关于强化金融支持举措 助力民营经济发展壮大的通知)” (People’s Bank of China, November 27). The notice introduces a set of 25 measures crafted... MORE

Much Cause But Little Recourse For Popular Discontent

The last quarter of 2022 saw an outburst of Chinese people power. Citizens in as many as 28 cities, including Shanghai, Beijing, and Chongqing staged spontaneous protests on their campuses or out on the streets. The underlying cause was Beijing’s draconian lockdown measures, which led... MORE

Issues of Centralization, From Financial Work To Personnel

Chinese Communist Party (CCP) General Secretary Xi Jinping called for tighter Party and state control of the financial sector in the quinquennial Central Financial Work Conference that ended in Beijing on October 31 (Xinhua, October 31). All seven Politburo Standing Committee (PBSC) members as well... MORE

Challenges For Beijing’s Digital Renminbi Ambitions

Arriving in the midst of an intensifying great power competition between China and the United States, the digital Renminbi (RMB) has been the subject of intense speculation and hype since its launch in October 2020, mostly from observers outside of China who overstate its potential... MORE

Hong Kong: The Keystone in China’s Economic Statecraft

The recent decision by Hong Kong to join China in banning Japanese seafood took many observers by surprise (Reuters, August 23). At first glance, the ban seemed an overblown reaction to Japan's handling of nuclear wastewater, which many international bodies have deemed safe and compliant... MORE