China’s IT services sector continues to grow rapidly, driven by advancements in artificial intelligence, cloud computing, and digital transformation initiatives. The government is focusing on boosting domestic tech capabilities and reducing reliance on foreign technology.
$Shanghai Baosight Software (600845.SH)$
$Unisplendour Corporation (000938.SZ)$
$iSoftStone Information Technology (301236.SZ)$
$Jiangsu Hoperun Software (300339.SZ)$
$Thunder Software Technology (300496.SZ)$
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As of late, China’s software development industry is experiencing rapid growth, driven by advancements in AI, cloud computing, and big data. The government is promoting innovation through supportive policies and funding. Additionally, there’s a focus on cybersecurity, with companies increasingly prioritizing secure software solutions.
Software Developers in China
$Beijing Kingsoft Office Software, Inc (688111.SH)$
$Hithink RoyalFlush Information Network (300033.SZ)$
$Iflytek Co.,ltd. (002230.SZ)$
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Semiconductor: $Semiconductor Manufacturing International Corporation (688981.SH)$ $NAURA Technology Group (002371.SZ)$
Securities: $CITIC (600030.SH)$ $East Money Information (300059.SZ)$
Insurance: $China Life Insurance (601628.SH)$   $Ping An Insurance (601318.SH)$
Auto Parts: $Fuyao Glass Industry Group (600660.SH)$ $Weichai Power (000338.SZ)$ $Ningbo Tuopu Group (601689.SH)$
Cars: $BYD Company Limited (002594.SZ)$
Software: $Beijing Kingsoft Office Software, Inc (688111.SH)$ $Hithink RoyalFlush Information Network (300033.SZ)$ $Iflytek Co.,ltd. (002230.SZ)$
...

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Bitcoin falls below $30000 by losing 5% in the past 24 hours, the first time since June 22.
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China central bank issues white paper on research development of digital yuan, and says that China will steadily push forward digital yuan pilot, but will not set timetable for digital yuan roll out. China also says that research on digital yuan's impact on monetary policy, financial system and financial stability will also be deepen. 
PBOC also says that digital yuan is mainly used for domestic retail payment now and digital yuan transactions totaled 34.5 billion yuan in trials.
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Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7% to $2.7 trillion, with derivative volumes down 40.7% to $3.2 trillion, London-based researcher CryptoCompare's data showed.
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PBOC says banks and payment firms must not provide services including opening accounts, registration, transaction, clearing and settlement for cryptocurrency-related speculations, urgeing banks and payment companies to promptly cut payment channels for crypto trading.
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All the mining sites in China's major mining spots Yunnan province may have to be shut down following reports that Yunnan is preparing to ban cryptocurrency mining —— local media cites sources
One of the miners says that some mining machines in Yunnan have been shut down, "Yunnan may have to shut down all the mining machines eventually," the miner adds.
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Bank Of France, Swiss National Bank launch experiment in large-scale cross-border central bank digital currency payments. Bank Of France, SNB Wholesale Central Bank Digital Currency Pilot Project involves Credit Suisse, UBS And Natixis.
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