EUR/USD 1.13839
-0.333%
Gold 3337.95
-1.272%
Oil 63.854
0.700%
USD/JPY 142.098
0.377%
GBP/USD 1.32929
-0.290%
GBP/JPY 188.889
0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 23, Shu Wei, deputy director of the State Administration for Market Regulation, met with Jacob Jensen, Minister of Food, Agriculture and Fisheries of Denmark, and his delegation on April 22. Shu Wei said that this year marks the 75th anniversary of the establishment of diplomatic relations between China and Denmark, and the State Administration for Market Regulation is willing to work with Denmark to deepen practical cooperation in areas such as food safety supervision. The two sides had in-depth exchanges on topics such as infant formula product formula registration, food fraud supervision cooperation, and China-Denmark food safety cooperation projects.On April 23, Morgan Stanley published a research report stating that it expects Mengniu Dairy (02319.HK) to continue to face weak demand this year, and that new products will take time to drive growth. The groups sales forecast for next year was lowered by 2%, meaning that sales will grow by 1% and 4% this year and next year respectively. Morgan Stanley continued to say that based on last years higher level, it raised its forecast for the groups operating profit margin by 0.4 percentage points this year and by 0.5 percentage points next year. In addition, the bank raised its earnings per share forecast for this year and next year by 7% and 9%, and predicted that earnings per share in 2027 would be RMB 1.72. The target price was raised from HKD 20 to HKD 22.5, and the "overweight" rating was maintained.April 23rd news, today, Ideal Auto (02015.HK) announced on its official blog that the Ideal MEGA Home family special edition is officially on the market, priced at 559,800 yuan. The exhibition cars will be available in stores starting from April 23rd.Hong Kong-listed Mixue Bingcheng (02097.HK) continued to rise, with its share price breaking through HK$500 to hit a record high, up 6.57% on the day.On April 23, iQiyi CEO Gong Yu stated that iQiyi’s content e-commerce will be launched today. The content will involve iQiyi’s IP content, artists and celebrities, etc., and will mainly focus on live streaming to sell goods. iQiyi members will be the potential largest e-commerce users.

Bank of England says blockchain roll-out across all markets too challenging

Skylar Shaw

Sep 29, 2022 14:17

微信截图_20220929101048.png


According to Bank of England Deputy Governor Jon Cunliffe, using the blockchain technology that underlies cryptoassets to provide rapid trading and settlement across all financial markets is not desired given the difficulties it would provide.


The same amount of resilience that regulators anticipate from the current system must be delivered by new trading and settlement systems, according to Cunliffe.


It was not apparent how blockchain-based platforms and current technology would interact, and instantaneous settlement necessitates that money and securities be available at the moment a deal is made.


"There is just not enough time to find or fix mistakes before they are carried out. In other words, we may not desire completely instantaneous trading and settlement in all markets, Cunliffe said at a conference organized by the trade group AFME.


Since stock and bond transactions are now resolved two business days after the transaction, banks are exposed to risk and may experience significant market fluctuations during this period, which they must cover with cash for margin and capital.


In order to reduce this to one working day, the United States has set a target of March 2024, putting pressure on Europe to follow suit.


For quick trading and trade settlement to reduce costs and risks, distributed ledger technology or blockchain is already being tested in experimental programs.


Suggestion