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The evolution of central bank digital currencies, or CBDCs, is set to get supercharged in ways that will have profound implications both for economic policy making and for the societies around us, according to a leading expert.
HONG KONG: Shares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.
BEIJING (Bloomberg): As President Xi Jinping’s government looks to tame China’s celebrities, the popularity of a new Universal Studios theme park in Beijing shows Hollywood’s enduring soft power among the nation’s 1.4 billion people.
Among the top read stories are Top Glove, Genting, KPMG, 1MDB and AirAsia
HONG KONG: China Evergrande Group bondholders are about to find out if the property giant’s liquidity crisis is as dire as it appears.
ZUAN Yuan Chinese Restaurant of One World Hotel Petaling Jaya is offering hearty comfort food throughout the month.
MUMBAI: A pullback in domestic prices failed to revive physical gold demand in India this week, with jewellers banking on the upcoming wedding and festive season, while top consumer China saw an uptick in buying.
BEIJING (Reuters): Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said.
The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said.