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The yield on Japans 40-year government bonds fell 4.5 basis points to 3.610%.Hong Kong stocks saw the Hang Seng Index rise over 1% in the afternoon, while the Hang Seng Tech Index gained nearly 2%. Baidu (09888.HK) surged over 8%, Horizon Robotics (09660.HK) jumped over 5.5%, CNOOC (00883.HK) and SMIC (00981.HK) both rose over 4%, and PetroChina (00857.HK), Zijin Mining (02899.HK), and Geely Automobile (00175.HK) all climbed over 3%.On December 30th, He Xiaopeng, Chairman of XPeng Motors, posted on Weibo that he recently spent four hours test-driving Teslas FSD V14.2 in the United States. In short, if FSD was only a "good L2 assisted driving" in 2024, the latest version shows that L4 autonomous driving is just around the corner. "What impressed me most was Teslas mass-produced vehicles and the Robotaxi currently in trial operation, all achieved with a single set of autonomous driving software! This is precisely the trend I saw when XPeng switched to VLA2.0. I believe that in 2026, whether in the US or China, the next generation of truly fully autonomous driving will arrive, directly from L2 to L4 (L3 has been skipped). In other words, XPengs Ultra version will achieve fully next-generation autonomous driving, also using the same model for Robotaxi," He Xiaopeng wrote.On December 30, 2025, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, stated at the 2025 International Situation and Chinas Diplomacy Symposium that the China-US relationship is one of the most important bilateral relationships in the world today. The strategic choices of both China and the US influence the direction of world history. Over the past year, we have adhered to viewing and handling our relations with the US from the perspective of our own overall and long-term interests and those of the world. We have maintained a firm and clear stance on major principled issues, and have been resolute and uncompromising on issues involving Chinas core interests. At the same time, we have engaged in dialogue and cooperation with the US, urging the US to view China rationally and objectively, and to resolve differences through consultation and dialogue. Wang Yi said that the practice of the development of China-US relations over the past year shows that mutual respect, peaceful coexistence, and win-win cooperation are key to the stable development of China-US relations and their benefit to the world. Cooperation between China and the US benefits both sides, while confrontation harms both. A condescending attitude is not a viable path, and inconsistency between words and deeds is unacceptable. China and the US must find ways to resolve their respective concerns on the basis of equality, respect, and mutual benefit, and explore the correct way for two major powers to coexist.On December 30, 2025, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, stated at the 2025 International Situation and Chinas Diplomacy Symposium that the Taiwan issue is Chinas internal affair and is the core of Chinas core interests. Regarding the continuous provocations by "Taiwan independence" forces and the large-scale arms sales to Taiwan by the United States, we must resolutely oppose and forcefully counter them. This year marks the 80th anniversary of Taiwans return to the motherland. Achieving the complete reunification of the motherland is a historical mission we must fulfill, as it involves safeguarding national sovereignty and territorial integrity in accordance with the law. We have seen more and more countries standing with China, not only reaffirming their adherence to the one-China principle and recognizing Taiwan as Chinese territory, but also explicitly opposing all "Taiwan independence" separatist activities and supporting Chinas reunification cause. Any attempt to obstruct this historical trend will inevitably end in failure.

UK Government: Cryptoassets Could Be Seized to Stop Crime

Cameron Murphy

Apr 28, 2022 09:42


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The British government suggested on Thursday that crypto assets might be confiscated to help battle economic crime, but the plan fell short of the drastic change demanded by legislators, who want an unified crime-fighting agency.


Scams involving banking and the internet have increased dramatically in the United Kingdom, especially after the COVID-19 outbreak.


In response to a parliamentary investigation into economic crime, the administration said that it would introduce laws to allow cryptoassets to be confiscated and recovered more rapidly as soon as legislative time permits.


"In particular, (we propose) the development of a civil forfeiture authority to limit the danger presented by people who cannot be punished but use their wealth to continue crime," the government told the Treasury Select Committee in parliament.


The panel proposed creating a single organization to combat economic crime to replace a "bewildering" multitude of institutions, but the administration insisted that its multi-agency system was the best.


"It allows us to discriminate between various sorts of criminality," the government stated, adding that public-sector fraud required a different reaction than schemes perpetrated by individuals or corporations.


In a statement, TSC Chair Mel Stride stated, "This might be a big squandered opportunity."


The government has already endorsed a suggestion that requires internet platforms like as Google and Facebook to take aggressive steps to combat fraudulent financial product advertising, but the law will take time to adopt and execute.


"Now is the time for online platforms to step up and take down these fake ads," Stride added.


Google has already pledged to only accept financial advertisements from organizations that are authorized by the Financial Conduct Authority, and Facebook owner Meta is expected to follow suit later this year.


The investigation advised that internet platforms be required to assist clients who have been scammed, a measure that the government is considering.


"We're working together with technology firms, law enforcement, and civil society partners to investigate all options for assisting victims of online fraud and mitigating the damage they've suffered," the government stated.

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