Crypto M - Crypto News

🚀 Hong Kong and China Sign Memorandum to Boost AI and Blockchain Collaboration Hong Kong's Secretary for Innovation, Technology and Industry, Sun Dong, and Wang Jingtao, Deputy Director of China's Cyberspace Administration, have signed a memorandum of cooperation. According to Foresight News, the agreement focuses on advancing key areas such as artificial intelligence, cross-border data, and blockchain. The initiative aims to implement China's 15th Five-Year Plan, support Hong Kong's development as an international innovation and technology hub, and promote a new economy driven by technological innovation. The collaboration seeks to enhance Hong Kong's integration into national development strategies. Both parties will strengthen cooperation to advance new productivity, deepen cybersecurity collaboration, and enhance international exchanges and promotion. #HongKong#China#AI#Blockchain#Innovation#Technology#Collaboration#Data#Cybersecurity#NewEconomy#InternationalExchange

🚀 PRECIOUS METALS | Chinese Gold Jewelry Prices Remain Stable On April 13, Jin10 reported that the prices of gold jewelry in China have shown little change compared to last Friday. According to Jin10, several brands have maintained their pricing within the range of 1,445 yuan per gram to 1,450 yuan per gram. #preciousmetals#gold#goldjewelry#China#goldprices#stableprices#Jin10

🚀 China to Suspend Sulfuric Acid Exports Amid Global Supply Strain China has announced plans to stop exporting sulfuric acid starting in May, a move that is expected to impact the metals and fertilizer industries. Bloomberg posted on X that this decision comes as these sectors are already facing challenges due to raw material shortages linked to the ongoing conflict in Iran. The halt in exports is likely to exacerbate existing supply chain issues, affecting global markets reliant on these critical materials. #China#SulfuricAcid#Exports#SupplyChain#MetalsIndustry#FertilizerIndustry#GlobalMarkets#RawMaterials#IranConflict

🚀 China Rare Earth Co. Projects Significant Profit Increase in Q1 2026 China Rare Earth Co. announced on April 10 that it expects to achieve a net profit attributable to shareholders of between 150 million and 180 million yuan in the first quarter of 2026. According to Jin10, this represents an increase of 103 million to 133 million yuan compared to the same period last year, marking a year-on-year growth of 217.32% to 280.78%. The company attributes this anticipated profit increase to the overall rise in the rare earth market during the first quarter of 2026. It has strengthened market analysis and further coordinated rare earth business procurement and sales, leading to a steady improvement in rare earth product performance and expected profits. Additionally, the company continues to enhance the management of loss-making enterprises, achieving a reduction in losses compared to the previous year. #China#RareEarth#ProfitIncrease#Q12026#MarketGrowth#BusinessPerformance#FinancialResults

🚀 China's Fund Reports Show Decline in Q1 Returns Amid Low Interest Rates On April 10, the China Securities Regulatory Commission's official website began disclosing the first-quarter reports of public funds for 2026. According to Jin10, several money market funds managed by Debang Fund have released their latest operational updates. In the current low-interest-rate environment, the expected returns on fixed-income assets continue to decline, significantly affecting money market funds primarily invested in bond assets. The net asset value growth rate for these funds in the first quarter was generally around 0.3%, with some funds reporting quarterly performance below this threshold. Additionally, the surge in oil prices in March has heightened inflation expectations, leading to an increase in long-term yields, while a loose monetary environment supports a continued decline in short-term yields, resulting in a steepening yield curve. Funds are currently focusing on shortening duration in their management strategies. Market analysts suggest that reducing the remaining maturity can mitigate the risk of net asset value decline due to interest rate fluctuations, enhance asset liquidity, and achieve a stable risk-averse strategy, thereby strengthening the portfolio's risk resistance. #China#FundReports#Q1Returns#LowInterestRates#MoneyMarketFunds#BondAssets#Inflation#YieldCurve#MonetaryPolicy#AssetManagement#InvestmentStrategy

🚀 China's $270 Billion Middle East Investment Influences Iran Relations China's strategic investment of $270 billion in the Middle East is shaping its diplomatic stance towards Iran. Bloomberg posted on X, highlighting how these economic ties are influencing Beijing's foreign policy decisions. The substantial investment aims to strengthen China's presence in the region, focusing on infrastructure and energy sectors. This move is seen as a balancing act, as China seeks to maintain its economic interests while managing its relationship with Iran. The investment underscores China's broader strategy to expand its influence in the Middle East, a region critical for its Belt and Road Initiative. As China navigates these complex dynamics, its approach to Iran remains cautious, reflecting the delicate balance between economic ambitions and geopolitical considerations. #China#MiddleEast#Investment#Iran#Diplomacy#ForeignPolicy#BeltAndRoad#Infrastructure#Energy#Geopolitics

🚀 Russia Offers Discounted LNG to South Asia Amid Energy Strain Russia is reportedly providing liquefied natural gas (LNG) to South Asian countries at approximately $60 per barrel, significantly below the market rate of around $100. According to NS3.AI, this offer was extended to BRICS members and other regional buyers last week, with intermediary companies in China and Russia facilitating the shipments. The discounted offer arises amid ongoing energy supply challenges around the Strait of Hormuz and concerns over potential U.S. tariff retaliation. #Russia#LNG#SouthAsia#energy#BRICS#China#StraitOfHormuz#USretaliation#discountedenergy

🚀 Tesla Plans Smaller, Affordable Electric SUV for Global Market Tesla is reportedly working on a new electric SUV that is smaller and more affordable, measuring 4.28 meters in length. According to NS3.AI, sources indicate that Tesla has been in discussions with suppliers about this plan in recent weeks. The model is expected to be initially produced in China, with plans to expand production to the United States and Europe. #Tesla#ElectricVehicle#SUV#AffordableEV#GlobalMarket#China#US#Europe

🚀 China Engages in Dialogue Amid Iran Conflict China has stated that it has been in communication with all relevant parties since the onset of the Iran conflict. According to NS3.AI, Foreign Ministry spokesperson Mao Ning addressed the matter when questioned about the White House's assertions regarding recent high-level discussions between the U.S. and China on the issue. #China#IranConflict#Diplomacy#ForeignPolicy#USChinaRelations