Jerry Lin
The Latest
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China's Leading Banks Experience Declining Margins in Q1
Five of China's top banks reported contracting margins in the first quarter, as loan re-pricing takes its toll. Borrowers are finding it difficult to repay loans after three years of China's zero-COVID policy impacted the economy, and Beijing has pressured lenders to reduce both individual and corporate debt burdens by lowering interest rates. 
Five of China's top banks reported contracting margins in the first quarter, as loan re-pricing takes its toll. Borrowers are finding it difficult to repay loans after three years of China's zero-COVID policy impacted the economy, and Beijing has pressured lenders to reduce both individual and corporate debt burdens by lowering interest rates. -
Yuan Gains Traction in International Trade as China Builds Parallel System to US Dollar
China's yuan is steadily gaining ground in international payments, which analysts believe could establish an alternative trade system alongside the dominant US dollar. Recent data reveals that in March, more cross-border transactions with China were settled in yuan than in dollars for the first time. Argentina also announced its intention to regularly pay for Chinese goods in yuan rather than dollars. 
China's yuan is steadily gaining ground in international payments, which analysts believe could establish an alternative trade system alongside the dominant US dollar. Recent data reveals that in March, more cross-border transactions with China were settled in yuan than in dollars for the first time. Argentina also announced its intention to regularly pay for Chinese goods in yuan rather than dollars. -
First Republic Bank Struggles Amid Market Value Collapse and Limited Options
First Republic Bank's (FRC.N) market value plummeted once more on Wednesday, with investors eagerly anticipating the bank's next move to potentially sell assets and orchestrate a turnaround without government aid. 
First Republic Bank's (FRC.N) market value plummeted once more on Wednesday, with investors eagerly anticipating the bank's next move to potentially sell assets and orchestrate a turnaround without government aid. -
Bitcoin Approaching $30K as Cardano Leads Major Crypto Gains Amid Banking Concerns
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. 
Bitcoin (BTC) reached $29,000 during European morning hours on Wednesday, with some investors attributing the rise to expectations of the Federal Reserve injecting funds into the economy following signs of another potential U.S. bank collapse. The last time Bitcoin hit this level was on April 20, according to TradingView data. -
Yuan Surpasses Dollar as Dominant Currency in China's Cross-Border Transactions
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. 
In a significant development, the yuan has overtaken the dollar as the most widely-used currency for cross-border transactions in China as of March, according to official data. This milestone reflects Beijing's ongoing efforts to boost the international use of the yuan. -
BYD Slashes Seagull Electric Hatchback's Starting Price by 6.3%
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. 
Chinese electric vehicle manufacturer BYD (002594.SZ) has reduced the starting price of its Seagull hatchback by 6.3%, now starting at 73,800 yuan ($10,658.89), as displayed on the company's website. The vehicle received considerable attention at the Shanghai auto show, where it was initially advertised at 78,800 yuan - half the cost of the most affordable new energy vehicles on the market. -
JPMorgan Granted Temporary Permission to Process Payments for Russian Agricultural Bank
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. 
The United States has permitted JPMorgan Chase & Co to process payments for the Russian Agricultural Bank, according to a Russian source who spoke to Reuters. However, the temporary arrangement is not a suitable alternative to reconnecting the bank to the SWIFT payment system. -
AI and Crypto Fusion: Investors Seek Promising Projects in a New Asset Class
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives. 
The convergence of artificial intelligence (AI) and cryptocurrencies has given rise to a new category of crypto tokens, generating billions of dollars in trading. The emergence of AI-driven platforms such as ChatGPT and Bard has brought attention to tokens associated with AI blockchain initiatives. -
China Establishes Nationwide Real Estate Registration System to Enhance Transparency
China has successfully constructed a nationwide, unified real estate registration system, according to a report by the official Xinhua news agency on Tuesday. This landmark development is expected to improve transparency in property ownership across the country. 
China has successfully constructed a nationwide, unified real estate registration system, according to a report by the official Xinhua news agency on Tuesday. This landmark development is expected to improve transparency in property ownership across the country. -
South Korean and US Firms Announce Multi-Billion Dollar Deals Ahead of President Yoon's Meeting with Biden
As South Korean President Yoon Suk Yeol commenced his state visit to Washington, major South Korean and US companies unveiled plans for investments, joint ventures, and other initiatives worth billions of dollars. Yoon, who refers to himself as South Korea's "No. 1 salesman," emphasizes business deals and "sales diplomacy" as central components of his international trips. 
As South Korean President Yoon Suk Yeol commenced his state visit to Washington, major South Korean and US companies unveiled plans for investments, joint ventures, and other initiatives worth billions of dollars. Yoon, who refers to himself as South Korea's "No. 1 salesman," emphasizes business deals and "sales diplomacy" as central components of his international trips.
