Topic: #china
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Chainalysis estimates $176 billion in China crypto activity, 59.1% peer-to-peer
Chainalysis estimates China generated at least $176 billion of crypto activity in the year through June 2026, with 59.1% moving through domestic peer-to-peer transfers, CryptoSlate reported.
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DeepSeek nears $12 billion raise ahead of planned 2027 STAR Market IPO
DeepSeek is close to raising at least $12 billion before a planned 2027 listing on Shanghai's STAR Market, Bloomberg reported, according to Crypto Briefing. LeoDex News couldn't independently verify the report.
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Franklin Templeton partners with ChinaAMC on first Asia ETFs in Hong Kong
Franklin Templeton partnered with China Asset Management on two cross-border ETFs set to list on the Hong Kong Stock Exchange on September 29, 2026, its first ETF listings in Asia, Crypto Briefing reported.
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Chinese state-backed lender financed Nvidia B300 servers, Bloomberg reports
Semi-Tech Leasing, majority-controlled by the Shenzhen and Beijing city governments, helped fund 700+ servers, including some with export-restricted Nvidia B300 chips, for Glory View, Bloomberg reported via Crypto Briefing.
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Solana Co.'s Joseph Chee says China will find a way to manage crypto
Solana Co. executive chairman Joseph Chee said at Korea Blockchain Week that China will eventually find a way to regulate or manage crypto, though mainland bans on trading and mining remain in force.
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DeepSeek open-sources TileLang AI chip tools for Huawei's Ascend accelerators
DeepSeek said on WeChat that it has open-sourced a free toolkit for Huawei's Ascend AI chips, including TileLang, which Crypto Briefing described as a domestic counterpart to Nvidia's CUDA.
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China's STAR 50 down about 30% since June, on track for worst quarter in recent memory
China's STAR 50 Index has fallen about 30% since the end of June, Crypto Briefing reported, after a July selloff (following a nearly 75% three-month rally) that the outlet tied to doubts about returns on AI spending.
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Nvidia, AMD ramp up White House lobbying over China AI chip export controls
Nvidia and AMD have stepped up White House lobbying over US export controls on AI chips to China, with Nvidia's spending rising from $640,000 in 2024 to nearly $3.5 million in 2025's first three quarters, Crypto Briefing reported.
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PBOC Adviser Warns AI Could Deepen China's Supply-Demand Imbalance
Huang Yiping, a member of China's central bank monetary policy committee, warned that rapid AI deployment could worsen the structural gap between strong industrial output and weak domestic consumption, calling for fiscal reforms and overseas investment to rebalance the economy.
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China imposes 99.2% anti-dumping tariffs on Japanese semiconductor chemicals
China's Ministry of Commerce issued preliminary anti-dumping rulings on September 7 targeting Japanese dichlorosilane imports, imposing deposit rates as high as 99.2% and threatening to disrupt semiconductor supply chains as trade tensions escalate.
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China tobacco monopoly injects CNY 60 billion into ICBC, ABC
China National Tobacco Corporation is investing CNY 60 billion into Industrial and Commercial Bank of China and Agricultural Bank of China as part of a CNY 260 billion capital raise announced September 6, underscoring Beijing's reliance on profitable state monopolies to shore up financial institutions.
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Goldman Sachs: China housing ban cuts land revenues 30%
China's new regulations banning presales are projected to cut land sale revenues by 30%, threatening local government finances and accelerating consolidation favoring state-backed developers as private competitors face solvency pressure.
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ByteDance, Alibaba disable AI agents as China enforces emotional AI rules
ByteDance and Alibaba are shutting down custom agent features in their consumer AI products ahead of new Chinese regulations targeting humanlike emotional interaction services, which take effect July 15. China is the first country to impose a dedicated regulatory framework for AI-driven emotional interaction.
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China auctions 30-year bonds at 2.2% yield, lowest since November
China's Ministry of Finance sold 85 billion yuan of 30-year special treasury bonds at historically low yields, part of a broader 1.3 trillion yuan annual program analysts link to de-dollarization strategy and yuan internationalization.
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China tightens offshore fundraising rules, straining local debt markets
China's National Development and Reform Commission has extended approval timelines for offshore bond quotas and restricted short-term LGFV issuances, creating headwinds for local government financing vehicles managing $35 billion in 2026 maturities.
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China's Manufacturing PMI Expands to 50.3 as AI Exports Surge
China's manufacturing PMI hit 50.3 in June, beating forecasts, as exports of AI-related hardware surged 66.1% year-on-year. Yet the employment sub-index contracted, raising questions about job creation amid the export-driven boom.
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China launches Tulong Feng AI as Anthropic restricts Mythos
Qihoo 360 unveiled Tulong Feng, a Chinese alternative to Anthropic's restricted cybersecurity AI, while Z.ai released an open-weight model that matches Claude's performance at a fraction of the cost.
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China's industrial profits fall 13.1% in November, largest drop in 14 months
China's industrial profits fell 13.1% year-on-year in November, the largest monthly decline in 14 months. Weak demand and factory deflation are driving the slump, pushing Beijing toward fiscal stimulus in 2026.
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Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
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China achieves mass production of ultra-pure silicon-28 for quantum computing
China's state nuclear agency announced the first independent mass production of silicon-28 with 99.99% isotopic purity, reducing quantum computing's reliance on Western suppliers and escalating the US-China tech rivalry.
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China's SAFE allocates $5.3B in QDII quotas, largest since 2021
China's foreign exchange regulator allocated $5.3 billion in new QDII quotas to 78 financial institutions on April 1, the largest single expansion of the program since 2021, bringing total outstanding quota to approximately $176 billion.
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China's April Retail Sales Growth Slumps to 0.2%, Missing Forecasts
China's April retail sales grew just 0.2% year-over-year, the weakest since December 2022, falling far short of the 2% economist consensus. HSBC slashed its full-year retail sales forecast nearly in half, to 2.8%, signaling deeper economic headwinds ahead.
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Ant Group launches AI Wallet, Token Pay to challenge WeChat dominance
Ant Group rolled out AI Wallet and Token Pay on May 26, enabling autonomous transaction execution. Alipay's AI Pay reached 100 million active users by February 2026, processing 120 million AI-agent transactions in a single week.