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thestatesman111d ago

Reality Check

American economy, Donald Trump

#ECONOMY
China Is Cracking Down On "Stock Market Influencers" As AI Surge Overheats Market
zerohedge111d ago

China Is Cracking Down On "Stock Market Influencers" As AI Surge Overheats Market

China Is Cracking Down On "Stock Market Influencers" As AI Surge Overheats Market Chinese regulators are tightening oversight of aggressive influencer promotions for investment products, worried that an AI-driven tech surge — encouraged by state policy — is overheating the market, according to Nikkei.In late January, media reports said the China Securities Regulatory Commission (CSRC) penalized a fund firm, identified as Fund D, for paying unqualified online influencers to market its products. According to a CSRC document cited in reports, the firm "induced investors with incompatible risk tolerance" to buy high-risk offerings and "neglected professional compliance in pursuit of short-term growth." The regulator did not comment.The move reflects broader unease over market volatility. Nearly 4.91 million new mainland stock accounts were opened in January — the biggest monthly jump since October 2024 — as money poured into smaller tech names linked to AI, chips and aerospace themes.While the blue-chip CSI 300 is up just 0.7% this year, smaller-stock gauges have surged. The CSI 500 has climbed 11.2%, and Shanghai’s tech-focused STAR board index has gained 10.5%. Some individual shares have skyrocketed: industrial equipment supplier Wuxi Autowell Technology is up over 120% year to date, while Puya Semiconductor and Focuslight Technologies have more than doubled. Supcon Technology has risen 65%.One international brokerage analyst said the rally reflects limited alternatives — with low bond yields and weak property prices — rather than company fundamentals.Speculation has also shaken commodity-linked products. Units of a Shenzhen-listed silver futures fund doubled in January, trading well above their underlying value as online guides touted quick arbitrage profits. UBS SDIC Fund Management halted new subscriptions on Jan. 28 "to protect the interests of fund unitholders," and the exchange suspended accounts engaged in "abnormal trading behavior." As silver futures fell, the fund’s units hit their 10% daily down limit for five consecutive sessions.Beijing has promoted equity markets to advance technological self-reliance, easing listing rules and accelerating approvals for strategic sectors. Chip startup Moore Threads, for example, saw its shares jump fivefold on debut in December.Nikkei writes that at the same time, officials are trying to contain excess speculation. At a January work conference led by CSRC chairman Wu Qing, regulators pledged to curb "excessive speculation and market manipulation" and "resolutely prevent drastic market fluctuations." Managing retail sentiment is critical, as individual investors account for more than 80% of daily turnover.Jason Lui of BNP Paribas said stability is key to attracting long-term capital. High volatility, he noted, risks drawing investors in at the wrong moments and reinforcing perceptions of boom-bust cycles.Earlier, the CSRC fined influencer Jin Yongrong and barred him from the securities market for three years, accusing him of earning over 41 million yuan by promoting stocks to inflate prices before selling. Finance app Snowball Finance banned Jin and more than 20 other accounts.Exchanges have also raised the margin trading deposit ratio from 80% to 100% to cool leverage. Meanwhile, ETFs associated with state-backed investors saw notable outflows, prompting speculation about official strategy.Local governments continue pledging support for emerging sectors such as commercial aerospace, new materials and the so-called "low-altitude economy," referring to drone services. A new national five-year plan is expected in March.Regulators may face fresh tests after trading resumes on Feb. 24 following the Lunar New Year break, with robotics demonstrations set for the Spring Festival Gala and reports that DeepSeek and other AI developers plan new model releases during the holiday. Tyler DurdenSun, 02/22/2026 - 21:50

#STOCKS#ECONOMY
Vitalik Buterin Pitches Transaction Simulation Security Idea
startupnews111d ago

Vitalik Buterin Pitches Transaction Simulation Security Idea

Ethereum co-founder Vitalik Buterin has suggested using “transaction simulations” and other similar features to improve the user experience and security of Ethereum wallets and smart contracts. In a post to X on Sunday, Buterin argued that security and user experience are not separate fields, as both revolve around user intent — ensuring protocols are doing [...]

#CRYPTO
Australian Dollar Soars: Resilient Currency Extends Gains as US Dollar Stumbles on Tariff Turmoil
bitcoinworld111d ago

Australian Dollar Soars: Resilient Currency Extends Gains as US Dollar Stumbles on Tariff Turmoil

BitcoinWorldAustralian Dollar Soars: Resilient Currency Extends Gains as US Dollar Stumbles on Tariff TurmoilSydney, Australia – May 2025: The Australian Dollar (AUD) continues its impressive rally, firmly extending gains for a third consecutive week as the US Dollar (USD) grapples with significant headwinds stemming from renewed global tariff uncertainty. This currency dynamic, closely watched by forex traders and economists worldwide, highlights shifting capital flows and regional economic resilience [...]This post Australian Dollar Soars: Resilient Currency Extends Gains as US Dollar Stumbles on Tariff Turmoil first appeared on BitcoinWorld.

#FOREX#COMMODITIES
Bitcoin Price Crashes Below $65,000, Drops 5% in 2 Hours Amid Six-Week Slump
platodata111d ago

Bitcoin Price Crashes Below $65,000, Drops 5% in 2 Hours Amid Six-Week Slump

The bitcoin price fell more than 5% in the past 24 hours on Sunday evening, dropping below $65,000 as large holders moved coins onto exchanges and recent buyers sold at a loss, adding pressure to an already fragile market. Most of the price drop occurred within just two hours on Sunday evening. This marks Bitcoin’s [...]

#CRYPTO
Bitcoin’s Alarming Slide: On Track for Fifth Straight Month of Losses, Nears Historic Losing Streak
bitcoinworld111d ago

Bitcoin’s Alarming Slide: On Track for Fifth Straight Month of Losses, Nears Historic Losing Streak

BitcoinWorldBitcoin’s Alarming Slide: On Track for Fifth Straight Month of Losses, Nears Historic Losing StreakGlobal cryptocurrency markets are witnessing a persistent downturn as Bitcoin, the flagship digital asset, steers toward a concerning milestone. According to verified data from CoinGlass, Bitcoin’s price has declined for five consecutive months since October of last year. Consequently, if this trend persists through the end of the current month, it will cement the second-longest [...]This post Bitcoin’s Alarming Slide: On Track for Fifth Straight Month of Losses, Nears Historic Losing Streak first appeared on BitcoinWorld.

#CRYPTO