Money
Money
Markets, property, industry and personal finance — following where the money goes.
- Institutions only, no retail access, minimum allocation of $50m
- Client assets held in segregated accounts, fully separated from company funds
- Custodian and licensing arrangements not yet disclosed; the company says they will come before testing
The two-year-old crypto infrastructure company confirms its institutional channel enters closed testing in the fourth quarter. Founder Chen An (C. A.) says fees were never what institutions were stuck on.
The cut is expected to release several hundred billion yuan in longer-term funds. Main indices opened higher, led by banks and property.
Fourteen cities have adjusted housing provident fund rules this month, most of them aimed at first-time and upgrading buyers.
We put the same question to five advisers with more than a decade each in the job. They disagreed more than expected.
Subsidy details arrive next month. The trade expects a 20 per cent sales lift, with charging infrastructure the deciding factor.
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Three domestic animated films sit in the year’s top ten, and cinemas say September scheduling will favour mid-budget releases.
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