DEEPSEEK
Canaan Inc. Secures $200 Million Financing Through Series A-1 Preferred Shares
Canaan Inc. enters an agreement for $200 million financing, enhancing growth and expansion in crypto mining, with initial proceeds of $100 million received.
HKMA Reveals Banks Participating in RMB Trade Financing Liquidity Facility
The Hong Kong Monetary Authority (HKMA) has announced the banks participating in the first phase of its RMB Trade Financing Liquidity Facility, allocating RMB50 billion to these institutions.
Canaan Inc. Secures $30 Million in Series A-1 Financing
Canaan Inc. successfully concludes its Series A-1 preferred shares financing, raising $30 million. The deal involves issuing 30,000 convertible preferred shares to an institutional investor.
Enhancements to Hong Kong's SME Financing Guarantee Scheme Announced
The Hong Kong Monetary Authority announces enhancements to the SME Financing Guarantee Scheme, including a 12-month principal moratorium and extended loan guarantee periods.
Hong Kong Enhances SME Financing Guarantee Scheme Amid Economic Challenges
The Hong Kong Monetary Authority announces enhancements to the SME Financing Guarantee Scheme, offering extended loan guarantee periods and new repayment options to support businesses.
Canaan Inc. Secures $50 Million in Final Tranche of Preferred Shares Financing
Canaan Inc. has completed its third and final tranche of preferred shares financing, raising $50 million to expand its North American self-mining operations.
HKMA and NDRC Collaborate on Seminar to Boost Mainland Enterprises’ Cross-Border Financing in Hong Kong
HKMA and NDRC held a seminar to enhance Mainland enterprises' cross-border financing in Hong Kong, aiming to strengthen offshore debt issuance.
Hong Kong to Pioneer Web3 Financing Platform for SMEs in the Greater Bay Area
NPC delegate Wu Jiezhuang proposes the creation of a Web3 financing platform in the Greater Bay Area to foster SME innovation and international expansion.
Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack
Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.
Global Supply Chain Financing: A New Era of Resilience and Diversification
Citi's 2024 report on supply chain financing highlights a shift towards resilience and diversification in global trade, emphasizing technological innovations and the adoption of the China Plus One strategy.