#finance-securities (3 Posts)
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Shanghai Data Exchange Makes History with First Virtual Asset Issuance and Trading
[TheGuru=Sunghwan Hong] China's Shanghai Data Exchange has successfully completed its first virtual asset issuance and trading. It is expected to accelerate the development of China's digital economy. On the 23rd, Shanghai Data Exchange announced that it has issued a total of 999 tradable virtual assets in cooperation with Guangming Dairy, a leading local dairy company. Shanghai Data Exchange is a semi-public organization that was established in November 2021. It officially began operations in January last year after more than a year of piloting. Data exchanges are places where data generated by companies such as aviation, transportation, power, telecommunications, legal, accounting, and finance are bought and sold as commodities. More than 100 companies and organizations, including data companies such as Shanghai Electric Power, China Eastern Airlines, and China Mobile Communications; law firms such as Sherry, Jindoo, and Zhongrun; accounting firms such as PricewaterhouseCoopers (PWC) and Deloitte; data providers such as Fusu Guoji, Youkeder, and Xinghuan Guoji; and financial institutions such as Construction Bank and Agricultural Bank, have signed agreements and registered on the Shanghai Data Exchange. China's data market is expected to reach 81.5 billion yuan in 2022, with an annual growth rate of 30% over the past few years. With the full operation of Shanghai Data Exchange, the market size is expected to reach 175 billion yuan in 2025...
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AI Tech Enthusiasm Gets Reality Check for Investors
[TheGuru=Eung-Yong Jung] An analysis has suggested that investors should be wary of over-optimism about artificial intelligence (AI) technology when investing in stocks. In this article, we're going to show you how you can make the most out of your money...
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Hong Kong Launches Bitcoin Investment Fund, Following the U.S.
[TheGuru=Sung-Hwan Hong] Following the US, Hong Kong is expected to launch a Bitcoin spot exchange traded fund (ETF) soon. It is expected to be a good news for the crypto industry if it is actually launched.