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January 23 – To improve the efficiency of central treasury cash utilization and strengthen the coordination between fiscal and monetary policies, the Ministry of Finance and the Peoples Bank of China will conduct the 2026 Central Treasury Cash Management Commercial Bank Term Deposit (Phase I) bidding process from 9:00 AM to 9:30 AM on January 28, 2026, through the Peoples Bank of Chinas Central Treasury Cash Management Commercial Bank Term Deposit Business System. This phase involves 150 billion yuan, with a term of one month (28 days), an interest accrual date of January 28, 2026, and a maturity date of February 25, 2026 (postponed if it falls on a holiday). The bidding will be conducted through interest rate bidding and a single-price award method, open to participating banks in the Central Treasury Cash Management Commercial Bank Term Deposit business.January 23 – The 13th round of negotiations for the second phase of the China-South Korea Free Trade Agreement (FTA) was held in Beijing from January 19 to 23, 2026. Both sides conducted in-depth and constructive discussions on implementing the important consensus reached by the two heads of state, accelerating negotiations, and making positive progress on rules and negative lists regarding cross-border trade in services, investment, and financial services. The China-South Korea FTA entered into force on December 20, 2015. Building on the original agreement, the two sides are seeking a high level of openness in the service trade and investment sectors through the second phase of negotiations, promoting the upgrading of China-South Korea economic and trade cooperation.The UKs preliminary composite PMI for January was 53.9, below the expected 51.5 and the previous reading of 51.4.The UKs preliminary services PMI for January was 54.3, below the expected 51.7 and the previous reading of 51.4.The UKs preliminary manufacturing PMI for January was 51.6, below the expected 50.6 and the previous reading of 50.6.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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