• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 23, it was reported that from January to April 2026, 20,113 new foreign-invested enterprises were established nationwide, a year-on-year increase of 6.8%; actual use of foreign capital amounted to RMB 287.69 billion, a year-on-year decrease of 10.3%. By industry, actual use of foreign capital in manufacturing was RMB 78.88 billion, and in services RMB 204.15 billion. Actual use of foreign capital in high-tech industries reached RMB 116.33 billion, a year-on-year increase of 20.3%, accounting for 40.4% of the total actual use of foreign capital nationwide, an increase of 10.3 percentage points compared to the same period last year. Among them, actual use of foreign capital in R&D and design services, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 108.4%, 22.9%, and 20.2%, respectively.On May 23, Minister of Commerce Wang Wentao met with Lao Minister of Industry and Commerce, Maraitshong, in Suzhou on May 21. The two sides were in China to attend the RCEP and CPTPP member dialogue. They exchanged in-depth views on further promoting China-Laos economic and trade relations, deepening cooperation in green minerals, promoting trade and investment in the new energy sector, and jointly safeguarding the multilateral trading system. Wang Wentao stated that in recent years, under the strategic guidance of the leaders of both countries, China-Laos economic and trade cooperation has yielded fruitful results. The Ministry of Commerce of China is willing to work with the Ministry of Industry and Commerce of Laos to take the 65th anniversary of the establishment of diplomatic relations between China and Laos as an opportunity to further promote bilateral trade development and investment cooperation in various fields, and to continuously elevate bilateral economic and trade relations to new heights.On May 23, Futu Holdings announced that as of May 23, 2026, the company had repurchased approximately US$160 million worth of American Depositary Shares (representing Class A ordinary shares of the company) under the share repurchase program announced on November 18, 2025. Depending on market conditions, the company may continue to execute repurchases from time to time under the existing share repurchase program.The Shenzhou-23 astronaut crew will undertake more than 100 new scientific and applied projects during their time in orbit.May 23 - A one-year space stay will implement my countrys first space human research program, verifying the ability to ensure the health of astronauts during long-term flights.

California’s DFPI Investigating Multiple Crypto Lending Companies

Jul 14, 2022 14:28

微信截图_20220714142242.png


The California Department of Financial Protection and Innovation (DFPI), which regulates the activities of state-licensed financial institutions such as banks and premium finance businesses, has announced that it is investigating whether businesses that suspended customer withdrawals and transfers broke any laws.


More specifically, the government is looking at a number of cryptocurrency businesses with U.S. headquarters after some reputable lenders permanently stopped allowing transfers and withdrawals between user accounts.

Accounts for crypto assets that pay interest

In particular, the Department of Financial Protection and Innovation is concentrating on "multiple companies" that provide customers with interest-bearing crypto asset accounts, also known as crypto-interest accounts, as well as service providers who "may not have adequately disclosed risks customers face when they deposit crypto-assets onto [lenders'] platforms."


To ascertain if they are breaking any laws that fall within the purview of the Department is the main goal of the inquiry.


The DFPI previously emphasized that providers of crypto-interest accounts are not subject to the same regulations and safeguards as banks and credit unions, which is particularly concerning in light of some platforms' restrictions on customers' ability to withdraw money from and transfer funds among their accounts.


Because of this, the agency has advised customers to proceed with "great care" before answering any inquiries about investments or financial services.


Also pointing to two cease and desist orders it recently sent to BlockFi and Voyager Digital to suspend their sales in California, DFPI has shown how certain crypto-interest account providers have been promoting unregistered securities.

securing customer property

Following Voyager Digital, the second well-known cryptocurrency business to file for Chapter 11 bankruptcy in recent weeks, DFPI made its statement. The Toronto-based company calculates that it has between $1 and $10 billion in assets, over 100,000 creditors, and liabilities of the same amount.


According to Voyager Digital, the action is a part of a "Plan of Reorganization" that intends to provide customers access to their accounts once again. Customers will have the option of receiving cryptocurrency, money recovered from Three Arrows Capital, common shares in the newly reorganized business, and Voyager tokens.


Due to worries about liquidity, Celsius (CEL) has stopped withdrawals and transfers since June 12. There are rumors that the management of the firm has been discussing Chapter 11 bankruptcy with attorneys.


As it faces with the potential of bankruptcy, the business is presently seeking restructuring guidance from the advising firm Alvarez & Marsal.


Additionally, the turbulent market circumstances last week caused the Singapore-based cryptocurrency platform Vauld to stop operations. The business instantly halted all trading, deposits, and withdrawals, and said that, up until further notice, it would only accept client deposits for its collateralized loans product.


Currently, numerous platforms have had client money frozen for many weeks while the future of their depositors' assets is still unknown.