The China Securities Regulatory Commission (CSRC) mentioned that the WeChat account will suspend the lending of restricted shares. This is expected to start from January 29, 2024, added Cointelegraph.
With insights from CSRC, “The new rules are intended to highlight fairness and reasonableness, reduce the efficiency of securities lending, and restrict the advantages of institutions in the use of information and tools, giving all types of investors more time to digest market information and creating a fairer market order.”
Sources revealed that China is investing in pilot projects for its central bank digital currency (CBDC) digital yuan. Furthermore, the created use cases for the technology are integrations with several foreign banks, as well as using the digital yuan to settle commodities transactions on Shanghai exchanges, concluded Cointelegraph.
(With insights from Cointelegraph)
