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A central bank digital currency would be introduced in fiscal 2023, but Patra said India will proceed very gradually over several potential issues
The shift to working from home in the pandemic has created a boom for the biggest maker of personal computers, which said third quarter profit was up by 62% to an all-time high of $640 million
Meta Platforms is its largest holding at 6.38%, while Roblox, Nvidia and Unity as well as Apple, Snap, Sony and Tencent are among constituents
Official says city would continue to be gateway between the Mainland and international markets, as well as a bridge for international capital
M-DAQ said it would inject fresh capital to accelerate Wallex's business, which is expected to process about $11 billion worth of transactions this year
Beijing has reportedly asked state firms to identify any links they have with billionaire Jack Ma's Ant Group
HSBC aims to cut emissions associated with loans to its oil and gas clients by 34% this decade, its sustainability chief said - the first time Britain's biggest lender has agreed to such a target
The shortage of spare parts, especially semiconductors, is affecting production and assembly operations by domestic automobile makers, a report said
China raised $6.5 billion in venture capital funding in January, the highest across the Asia Pacific region and just short of the US, despite its tech crackdown
Western allies and TSMC are grappling with how to mitigate a worst-case scenario where China invades or blockades Taiwan, cutting off chips crucial to the global economy.
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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