• Excessive Currency Supply: Can China Buy the Entire United States?

    by CAIFU Magazine

    CAIFU Editor's Note: Many people view the increase of money supply (M2) in China as a simple issuing of currency. If we look at the annual amount of trillions in high-speed rail investments, we will see that although it is manifested as an increase in M2, it also corresponds to the increase of all social wealth. Guan Tao, former director of the International Balance of Payment Department in the State Administration of Foreign Exchange, explained the issue more clearly, adopting the concept of a national balance sheet.

  • RMB internationalization and the Canadian hub: what to expect

    by Caifu Global

    The world’s largest banks believe that the use of RMB as a trading, investment and reserve currency will continue to grow. By 2015, RMB trade settlement will have surged, particularly among its main trading partners. The redback’s role in global trade cycle should also be reinforced. By 2020, the RMB should be prevalent in finance and be fully convertible.

  • Stay Away from the Bitcoin Myth

    by CAIFU Magazine

    On the evening of September 14, 2017, Bitcoin China (BTCC), China’s first bitcoin exchange market, announced that it would stop new user registration on its Digital Asset Trading Platform, taking effect the same day. It would close all trading business on September 30, 2017.