EUR/USD 1.17130
-0.095%
Gold 4842.96
1.673%
Oil 59.719
0.446%
USD/JPY 158.082
-0.035%
GBP/USD 1.34349
-0.055%
GBP/JPY 212.386
-0.079%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 21st, star analyst Lu Dong stated that Hong Kong stocks will continue last years upward trend in 2026. Currently, the Hang Seng Index valuation is still below its historical average of 14-15 times. To return to these historical average multiples, given the current number of Hang Seng Index constituent stocks (over 80, unlike the earlier period with only 30), Hong Kong stocks have the potential to rise to between 30,000 and 31,000 points. "I think challenging 30,000 points in 2026 shouldnt be too difficult." In an interview with Bank of East Asia, Lu Dong mentioned that national policies supporting A-share to H-share conversions have led to a booming Hong Kong IPO market, which he believes will continue this year. The trend of funds chasing the technology sector seems to be continuing, while avoiding heavy asset and real estate sectors. He believes that technology and new energy sectors will continue to perform well. Regarding northbound capital, he believes there is room for an increase in its share of Hong Kong stock market turnover this year. As mainland companies convert from A-shares to H-shares for listing in Hong Kong, and given that H-shares are generally cheaper than A-shares, northbound capital will be more inclined to invest in Hong Kong.According to Nikkei: Mitsubishi Motors President Kato will assume the role of CEO and Chairman on April 1.South Korean stocks narrowed losses in early trading on Wednesday, January 21st, as chipmakers regained momentum on optimistic export data and automakers jumped on optimism regarding robotics. Data showed that South Koreas exports in the first 20 days of January increased by 14.9% year-on-year, with semiconductor exports surging 70%. Following the data release, chipmaker Samsung Electronics rose as much as 3%, and SK Hynix gained 1%. Hyundai Motor climbed 9% to a record high, recovering from Tuesdays decline due to profit-taking pressure. However, most other index-weighted stocks still fell, including battery manufacturers, pharmaceutical companies, and e-commerce companies.On January 21, the State Council Information Office held a press conference to introduce the achievements of industrial and information technology development by 2025. Tao Qing, Director of the Bureau of Operation Monitoring and Coordination of the Ministry of Industry and Information Technology, stated that since the beginning of the 14th Five-Year Plan, breakthroughs have been achieved in a number of key materials. High-performance carbon fiber composite materials have been used for the first time globally in the main load-bearing structures of commercially operated subway trains, achieving an 11% weight reduction for the entire vehicle. Going forward, the Ministry of Industry and Information Technology will focus on meeting the practical needs of key application areas, aiming to lead industrial development through material innovation. The development direction will be advanced basic materials, key strategic materials, cutting-edge new materials, and artificial intelligence + materials. The entire chain of advanced materials will be promoted through collaborative innovation, strengthening policy coordination, financial support, talent supply, and factor guarantees to create a favorable ecosystem for the research and application of new materials and comprehensively enhance the innovation capabilities and development efficiency of the new materials industry.On January 21st, the overnight SHIBOR was 1.3220%, down 5.20 basis points; the 7-day SHIBOR was 1.4880%, up 0.50 basis points; the 14-day SHIBOR was 1.5970%, up 1.50 basis points; the 1-month SHIBOR was 1.5590%, down 0.10 basis points; and the 3-month SHIBOR was 1.6000%, unchanged from the previous trading day.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

Suggestion