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Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Trading basics

2024 United States Department of the Treasury hack

On December 30, 2024, the United States Department of the Treasury disclosed that it had been hacked by a state-sponsored actor of the People's Republic of China who gained access to unclassified documents.

Trading basics

Accord and satisfaction

Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. The accord is the agreement to discharge the obligation and th

Finance

At the Threshold of an Era

At the Threshold of an Era (Chinese: 創世紀) was a Hong Kong epic drama series broadcast by TVB Jade Channel from 11 October to 18 December 1999 and 13 March to 26 May 2000 and was extensively promoted by TVB as its cross-millennium, one-hundred-episode-long epic. The series composed of two parts, with a gap in between airing.

Fiat currencies

Chiang Mai Initiative

The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (including Hong Kong), Japan, and South Korea. It draws from a foreign exchange reserves pool worth US$120 billion and was launched on 24 March 2010. That pool has been expanded to $240 billion in 2012.

Finance

China and the World Bank

China originally joined the World Bank Group (WBG) on December 27, 1945. However, after the Chinese Civil War, the World Bank recognized the Republic of China as its member, until the relationship ended in 1980, when the membership was replaced by the People's Republic of China. The People's Republic of China (PRC) did not become involved with the World Bank group until 1980, when it fir

Securities & exchanges

China Securities Regulatory Commission

The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of China. It is the main regulator of the securities industry in China.

Fiat currencies

Chinese gold yuan

The Chinese gold yuan (also known as golden round, golden yuan, among others) was a legal tender currency of China between August 1948 and 1949. It was a method used by the Republic of China government to accumulate gold from its citizens to fund its war effort. It circulated in the country under the effective control of the Government of the Republic of China, which issued paper money o

Finance

Financial Supervisory Commission (Taiwan)

The Financial Supervisory Commission (FSC; Chinese: 金融監督管理委員會; pinyin: Jīnróng Jiāndū Guǎnlǐ Wěiyuánhuì; Pe̍h-ōe-jī: Kim-iông Kàm-tok Kóan-lí Úi-oân-hōe, abbreviated to 金管會) is an independent government agency subordinate to the Executive Yuan of the Republic of China (Taiwan). It is responsible for regulating securities markets (including the Taiwan Stock Exchange and the Taiwan Futures

Trading basics

Foreign direct investment

Foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership of an asset in one country by an entity based in another country. The magnitude and extent of control, therefore, distinguishes it from a foreign portfolio investment or foreign indirect invest

Trading basics

Foreign direct investment in China

Foreign direct investment (FDI) has been an important part of the economy of the People's Republic of China since the 1980s. During the Mao period, most foreign companies halted their operations in China, though China remained connected to the world economy through a limited scale of international trade. Since 1978, China was again open to foreign investment and within two decades it bec

Trading basics

Foreign Investment Law of the People's Republic of China

The Foreign Investment Law is a law of the People's Republic of China governing foreign direct investment in China. The law was adopted by the National People's Congress on March 15, 2019, and came into effect on January 1, 2020. It replaces the Law of the People's Republic of China on Sino-Foreign Equity Joint Ventures, the Law of the People's Republic of China on Wholly Foreign-owned E

Trading basics

Foreign-exchange reserves of China

The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of August 2026, China's foreign exchange reserves totaled US$3.438 trillion, which is the highest foreign exchange reser

Fiat currencies

Formosa bond

A Formosa bond (Chinese: 福爾摩莎債券; Pe̍h-ōe-jī: Hok-ní-mô͘-sá Chè-kǹg) is a bond issued in Taiwan but denominated in a currency other than the New Taiwan Dollar. They are issued by the Taiwan branches of publicly traded overseas financial institutions and to be traded must have a credit rating of BBB or higher.

Trading basics

Historical money of Tibet

The use of historical money in Tibet started in ancient times, when Tibet had no coined currency of its own. Bartering was common, gold was a medium of exchange, and shell money and stone beads were used for very small purchases. A few coins from other countries were also occasionally in use.

Banking

History of banking in China

The history of banking in China includes the business of dealing with money and credit transactions in China.

Finance

Internationalization of the renminbi

Since the late 2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the renminbi (RMB) or Chinese yuan (CNY). This initiative aims to reduce dependence on the United States dollar and enhance China's influence in the global financial system. Key strategies have included promoting the use of the yuan in international trade invoicing, cross-bord

Finance

Judgment defaulter

In China, judgment defaulter (Chinese: 失信被执行人) or court defaulters, commonly known as laolai (Chinese: 老赖) or untrustworthy person (Chinese: 失信人), is defined as a person who is able to fulfill legal obligations determined by the court, but has refused to do so, or illegally tries to evade enforcement such as hiding their assets.

Finance

Ministry of Finance (China)

The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state. The ministry also records and publishes annual macroeconomic data on China's economy. T

Finance

Ministry of Finance (Taiwan)

The Ministry of Finance (MOF; Chinese: 財政部; pinyin: Cáizhèngbù; Pe̍h-ōe-jī: Châi-chèng-pō͘) is the ministry of the Republic of China (Taiwan) responsible for government revenue, taxation, treasury, government land properties, customs in Taiwan. The current minister is Chuang Tsui-yun.

Securities & exchanges

Novation

Novation, in contract law and business law, is the act of –

Fiat currencies

Panda bonds

A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People's Republic of China. Unlike the dim sum bond, Panda bonds are issued in the onshore market for onshore renminbi.

Finance

Policy bank

Policy bank (Chinese: 政策性银行), or policy lender, is a state-owned financial institution established by the government of the People's Republic of China with the goal of implementing official economic policies and carrying out financial business in specific fields. This measure separates policy finance from commercial finance and establishes a policy bank to undertake strictly defined poli

Finance

Rural credit cooperative

A rural credit cooperative (RCC) (Chinese: 农村信用合作社) or (simplified Chinese: 农村信用社; traditional Chinese: 農村信用社; pinyin: nóngcūn xìnyòngshè) is a cooperative or credit union sanctioned by People's Bank of China to provide credit in the rural areas of the People's Republic of China.

Finance

Social credit system

The social credit system (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. The social credit system is a broad governance strategy to track businesses, individuals, and government institutions and enhance their perceived trustworthiness rather than a single system. It is based on varyi

Trading basics

Taiwan Futures Exchange

The Taiwan Futures Exchange (TAIFEX; Chinese: 臺灣期貨交易所; pinyin: Táiwān Qíhuò Jiāoyì Suǒ; Pe̍h-ōe-jī: Tâi-oân Kî-hòe Kau-e̍k-só͘) was established in 1998. It offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day CP interest rate futures.

Finance

Taiwan Stock Exchange

The Taiwan Stock Exchange Corporation (TWSE; Chinese: 臺灣證券交易所) is a financial institution, headquartered at Taipei 101, in Taipei, Taiwan. The TWSE was established in 1961 and began operating as a stock exchange on 9 February 1962. It is regulated by the Financial Supervisory Commission.

Finance

Tax-Sharing Reform of China in 1994

The Chinese government initiated a fiscal and taxation system reform in 1992, prepared and promulgated in 1993, and finally implemented in 1994. The reform was a large-scale adjustment of the tax distribution system and tax structure between the central and local governments, which was regarded as a milestone in the transition of China's fiscal system from planned economy to market econo

Finance

World Pensions & Investments Forum

The World Pensions Forum, also called World Pensions & Investments Forum, is a research and policy oriented conference organised by M. Nicolas Firzli, founder of the World Pensions Council (WPC), in partnership with regional and supranational organisations, large public and private institutional investors from G10 countries, the emerging nations of Eastern Europe, Latin America, Asia and